I recently signed up for Public.com because of the agentic trading feature they are promoting for an upcoming launch, but I'm finding their standard trading platform to have some unusual trading limitations:
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The system lacks a "stop-limit" order type, which is standard with any major brokerage. It is very concerning that it is not available.
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Likely because of #1, the system does not allow me to set limit or stop orders outside of trading hours (probably to remove risk around price gapping from one trading day to the next).
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The system will not allow me to set limit sell orders exceeding 5% of the current market price, which is a confounding limitation.
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There are no advanced order types, such as trailing stop orders and conditional orders. These are a necessary component of any sophisticated trading strategy.
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There are glaring inconsistencies exist between the web interface and the app interface. For example, I can't set price alerts on web, which is my preferred platform. These inconsistencies feel like sloppy development planning oversights.
All that said, I love the U.I. and the Generated Assets feature, which lets you essentially create your own ETF based on your own theories. The support has also been very responsive.
I'm curious to here what other peoples' experiences have been with them who have traded with them for a longer period. Benefits? Drawbacks? Red flags?
Public.com trading limitations are strange.
byu/ilurb ininvesting
Posted by ilurb