UPDATE: Public.com is no longer available in the UK.
Public.com is a popular online trading platform allowing users to invest in US-listed stocks and ETFs with no commission and low foreign exchange fees. It also features a social network where investors can share their ideas, insights, and portfolios with millions of other users.
If you are reading this article, you are surely wondering if Public.com is also available in the UK. As it turns out, Public.com no longer works in the UK since the beginning of 3 May 2024.
In this article, we will review what happened to Public.com and present some alternatives.
Is Public.com available in the UK?
No, Public.com is no longer available in the UK. It launched in the UK since July 2023 but stoped offering services here in 3rd May 2024. The company plans to focus on the US market.
You can find more details about it and what to do if you are affected here.
Public.com alternatives in the UK
If you are looking for alternatives to Public.com in the UK, several other platforms offer commission-free access to US stocks and ETFs. In addition, they have more instruments on offer, allowing for better diversification of trading.
- eToro: eToro is a global social trading platform that allows you to invest in stocks, ETFs, cryptos, commodities, currencies, and more. It offers commission-free trading on US-listed stocks and ETFs (not for US investors) and a copy trading feature that lets you copy the trades of other users. However, it charges a 0.50% foreign exchange fee if you deposit in GBP (like Public.com, it only has the USD as a base currency), withdrawal back to GBP, and an inactivity fee.
- Trading 212: Trading 212 is a UK-based online broker offering commission-free trading on the most popular instrument. It also offers fractional shares and a free practice account with virtual money. It charges a 0.15% foreign exchange fee.
- Interactive Brokers: Interactive Brokers is one of the world’s largest and most reputable brokers, offering access to various financial products, such as stocks, ETFs, options, futures, bonds, cryptos, and more. It also provides low currency conversion fees and advanced trading tools and features. However, it charges commission fees on all trades (minimum of $1 per order).
Conclusion
Public.com’s entry into the UK market was undoubtedly exciting, offering a fresh, social approach to investing. However, the broker is no longer available in the UK.
Whether you’re a newbie looking to dip your toes into the investing world or a seasoned trader seeking a more interactive experience, our alternatives are worth considering.
Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.
