If you’re seeking a platform with more to trade, opt for something like Fidelity, which offers stocks, ETFs, bonds, mutual funds, options - even precious metals. But it isn’t for everyone - its customer support is limited and it’s missing a number of tradable securities, like mutual funds and derivatives. Stockpile has plenty going for it, including commission-free trades, educational content and a well-reviewed mobile app. With no phone or live chat support, you’re limited to email correspondence with the Stockpile support team. With a limited security lineup of stocks and ETFs, investors interested in branching out across alternative asset classes will need to look elsewhere. Stockpile only offers self-directed brokerage account and custodial accounts. Link your bank account or debit card, or skip to fund the account later.Review your personal information and select Submit.Fill in your personal information and select Continue.A security screen appears to alert you that Stockpile is required to gather personal information, but your privacy is protected with encryption.Choose an account type, either Individual or Custodial.Enter your first and last name, email and password, then select Sign Up.Select Sign Up on Stockpile’s homepage.Sign up online or through the mobile app in seven steps: Stockpile imposes no account minimums, and you’re unlikely to encounter any account fees unless you move your portfolio to another broker - in which case, expect to pay $75 for the transfer. Its platform is free to use, and traders can swap stocks and ETFs without having to worry about commissions eating into their return. Stockpile’s commission-free model places it firmly in the camp of beginner-friendly competitors like Robinhood and SoFi. Fund an account for your child or teen to watch their money grow and shrink along with the market, plus make trades with your approval. This means you can buy into companies like Amazon or Nike without having to buy a full share of stock. Stockpile lets you buy fractional shares in big companies. If you’re just getting started, Stockpile offers lessons on how the market works, from the basics to more advanced lessons on stock splits and cost basis. Stockpile’s educational and low-investment approach makes this brokerage best for: To learn how our star ratings are calculated, read the methodology at the bottom of the page. Its basic research offerings may frustrate advanced traders. Stockpile only offers access to stocks, bonds and ETFs.īoth Apple and Google users agree that the app is functional and well-designed. Stocks and ETFs are commission-free, and account fees are on par with competitors. But advanced traders looking to swap derivatives, crypto, forex or mutual funds will need to look elsewhere. This limited lineup may not be problematic for newbies exploring the market for the first time - in fact, many investors build diversified portfolios with stocks and ETFs alone. Stockpile only offers access to stocks and ETFs. All in all, a solid option for those seeking no-fuss, commission-free trades. Investors enjoy Stockpile’s easy-to-use interface and many satisfied parents, grandparents and family members praise its gifting feature. I’ve reviewed over 40 trading platforms, and most score closer to 3.0 - if that. Take it from me: that’s an impressive TrustScore. The icing on the cake is Stockpile’s superb Trustpilot reputation: 4.3 out of 5 after more than 1,000 customer reviews. Kids and teens can begin exploring their investment options through custodial accounts. Purchase a digital or physical gift card of $1 to $100 for any of Stockpile’s thousands of stocks and ETFs. This combination is what makes Stockpile ideal for kids and teens eager to explore the market - under the supervision of a parent or guardian, of course. No, what makes Stockpile unique is its focus on gifting stocks and custodial accounts. Its commission-free trades and well-reviewed mobile app are attractive perks - but they aren’t really what seals the deal.
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