Online Brokerages Make Ungodly Amounts By Selling Your Data

Fees imposed by online trading platforms are only an additional stream of income for them. The data they collect is their golden goose. Their real clients are market makers and multi-billion dollar brokerages who use it as a crystal ball. Before executing the orders that you’ve made, they’re able to analyze them along with millions of others in a split second and change their own orders accordingly.

Click here to trade on a platform that doesn’t sell your trades.

For a long time, these platforms have been marketed as the little guy’s chance to make profits on the stock market, but occasional ‘mask slip moments’ told a different story. Robin Hood blocked the buy orders for Gamestop’s stock during the Gamestock rally, a major thorn in the side for multi-billion dollar hedge funds. The same company earns roughly $150 million per year by selling the data of its users.

And that’s only one of the dozens of online trading platforms. Their combined profits likely go into billions, so you can only imagine how much money they’ve made for their clients, who eagerly await to see market movements before they’re played out. Fortunately, there’s an alternative.

Public.com is a trading platform used by millions that doesn’t sell your data to market makers. All orders go directly to the exchanges, giving you full ownership of your trades.

Apart from the guaranteed privacy, Public has attracted so many users because of other features integrated into the platform. Members don’t need to risk more than they’re comfortable with to try it out, as the account minimum is $0. The company charges fees for crypto and alternative investments trading; however, trading over 9000 stocks on the platform comes with a 0% commission fee.

Public also comes equipped with a plethora of actionable tools traders can use to bolster the precision of their orders. The "Top Movers" tool allows you to see which stocks are showing the greatest increases or decreases in movement on a daily basis. Following other members is also possible; you can see their trades on your feed, making it easy for users to mirror the trades made by analysts. You can tune into Public’s live expert analysis for a more in-depth look inside the trades.

The company also went out of its way to provide its users with an admirable level of security. Public is a member of the SIPC and securities in your account are protected up to $500,000.

Click here to start building your portfolio on Public.com