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Robinhood vs Public.com 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Robinhood vs Public.com, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Robinhood
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
Public.com
3.5/5 Stars Overall
  • Minimum Deposit: $20.00
  • Stock Trades: $0.00 info
  • Options (Per Contract): $0.00 info

Investment options

When comparing investment options between Robinhood and Public.com, Robinhood slightly edges out with a wider array of offerings. While both platforms provide stock, margin, fractional, options, and crypto trading, Robinhood includes traditional and Roth IRA accounts in its portfolio, setting it apart from Public.com, which lacks these retirement investment options. Although Public.com supports a marginally greater number of cryptocurrencies for trading and offers OTC stocks — a feature Robinhood does not have — it is ranked just below Robinhood in terms of overall investment offerings.

Both Robinhood and Public.com cater to investors interested in modern, flexible trading experiences, providing essential services like fractional shares and crypto trading. Robinhood currently allows trading in 20 different cryptocurrencies and extends its crypto offerings to Roth and traditional IRAs, providing a more rounded choice for long-term investors. In contrast, Public.com offers 22 cryptocurrencies and facilitates OTC stock trading, potentially appealing to investors focused on niche markets.

Despite similarities, neither platform provides services for mutual funds, forex, futures, or personalized advisor services, keeping their offerings relatively streamlined for direct investors. Rated at 3.5 stars, Robinhood holds a slightly higher grade than Public.com's 3 stars in investment options, with rankings indicating Robinhood at #14 and Public.com at #15 out of 18 brokers, reflecting close but distinct competition between the two in terms of serving diverse investor needs.

Feature Robinhood logoRobinhood
Public.com logoPublic.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info No Yes
Mutual Funds info No No
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info Yes info Yes
Crypto Trading - Total Coins info 20 22
Investment Options 3.5/5 Stars 3/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

In the comparison of trading platforms and tools, Robinhood generally offers a more robust experience than Public.com. Although neither platform provides a downloadable desktop application for Windows or Mac, both offer browser-based trading. Robinhood, however, outperforms Public.com with advanced features like the ability to adjust open orders directly on stock charts, support for 16 technical indicators, and a suite of 23 drawing tools. Additionally, Robinhood allows users to add notes to charts and set custom date ranges, features that Public.com lacks. These differentiators have garnered Robinhood a higher rating of 3 stars compared to Public.com's 2.5 stars, as well as a superior ranking, placing it at #13 out of 18 brokers by StockBrokers.com, while Public.com is positioned at #17.

When evaluating watch list functionalities, both Robinhood and Public.com allow users to utilize three column fields. However, the capabilities diverge significantly when it comes to technical charting and customization. Robinhood provides multiple advanced features that include saving various chart profiles and adding index overlays, which are not supported by Public.com. Furthermore, when editing studies like the SMA, Robinhood offers one customization field, whereas Public.com provides none. Despite the lack of some more sophisticated functionalities such as automated technical analysis or displaying historical trades and corporate events, Robinhood’s tools are more comprehensive than those offered by Public.com.

Both platforms share similar limitations, such as the absence of paper trading, trading journals, and the ability to create custom studies for charts. Additionally, neither allows users to showcase corporate events like earnings, splits, or dividends directly on charts. However, Robinhood’s greater focus on enhancing user experience through advanced charting capabilities and tools, even if not exhaustive, gives it the competitive edge over Public.com. This distinct advantage fortifies its position in the online broker landscape, making it the preferred choice for traders seeking more sophisticated platform features.

Feature Robinhood logoRobinhood
Public.com logoPublic.com
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info No No
Watch Lists - Total Fields info 3 3
Charting - Indicators / Studies info 16 0
Charting - Drawing Tools info 23 0
Platforms & Tools 3/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024

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Beginners and education

When comparing Robinhood and Public.com for beginner and investor education capabilities, both platforms provide educational resources for stocks, ETFs, and options. However, neither offers education on mutual funds or bonds, nor do they provide paper trading features. While Robinhood and Public.com each host webinars aimed at enhancing investor knowledge, Public.com goes a step further by offering educational videos, something Robinhood lacks. Neither platform supports educational quizzes or progress tracking, which might be a consideration for users seeking a guided learning experience.

In terms of ratings, Robinhood slightly outshines Public.com with a 3.5-star rating for education, compared to Public.com’s 3-star rating. According to StockBrokers.com, Robinhood ranks #10 out of 18 brokers for education, while Public.com is positioned at #15. This indicates that Robinhood may hold a slight edge in educational offerings, but both platforms have room for improvement to cater to the educational needs of novice investors.

Feature Robinhood logoRobinhood
Public.com logoPublic.com
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info No No
Videos info No Yes
Webinars info Yes Yes
Education 3.5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When choosing between Robinhood and Public.com as your preferred stock trading app, it's essential to consider their distinct capabilities and user ratings. Robinhood outshines with a higher rating of 4.5 stars compared to Public.com's 4 stars, reflecting its more comprehensive feature set. Ranked #9 out of 18 by StockBrokers.com, Robinhood provides a slightly superior experience over Public.com's #14 ranking. While both platforms offer robust trading options for iPhone and Android users, Robinhood's additional Apple Watch app and more advanced technical features may appeal to traders seeking a more versatile mobile trading experience.

Both Robinhood and Public.com offer iPhone and Android apps, ensuring seamless access to stock trading across popular mobile devices. However, Robinhood takes a step further by supporting an Apple Watch app, which Public.com currently lacks. This extra layer of accessibility may be advantageous for users who appreciate the convenience of checking their portfolios on their wrist. Additionally, Robinhood excels in providing streaming quotes, custom watch lists, stock alerts, and comprehensive after-hours functionalities, including stock trading and charting, features that Public.com does not offer. Nonetheless, Public.com makes up for some of these gaps by allowing stock comparisons on charts, a feature Robinhood does not provide.

Charting capabilities are another area where Robinhood shows its strength, offering after-hours charting with multiple time frame options and six technical studies, while Public.com provides no technical studies. Although both platforms lack the ability to view charts in landscape mode, Robinhood users can benefit from more detailed technical analysis tools. Public.com makes up for its limitations with the inclusion of customizable watch list columns, which matches Robinhood's offering in this aspect. Ultimately, for those traders who prioritize a comprehensive app experience with enhanced analytical tools and accessibility across more devices, Robinhood appears to hold a slight edge over Public.com.

Feature Robinhood logoRobinhood
Public.com logoPublic.com
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No info
Charting - After-Hours info Yes No
Charting - Technical Studies info 6 0
Mobile Trading Apps 4.5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

When comparing the account fees and charges of online brokers Robinhood and Public.com, several key differences become apparent. Both platforms offer commission-free trading for regular stocks and options, attracting many investors. However, Robinhood stands out with a more competitive edge in margin rates, particularly when balances fall between $50,000 and $99,999, where the rate is significantly lower than that of Public.com. Additionally, Robinhood does not require a minimum deposit, which may be appealing to new investors looking to start with smaller amounts, contrasting with Public.com's $20 minimum deposit requirement.

Robinhood and Public.com offer fee-free services for options exercises and assignments, making them attractive options for traders interested in options trading. While Robinhood has a slight advantage in terms of IRA-related costs, offering no fees for annual maintenance or closure, Public.com does not specify their fees in these categories. One important cost aspect to note is account transfers; Robinhood has higher fees for both partial and full ACAT transfers, pricing at $100, while Public.com charges $75, making the latter more cost-effective for investors looking to transfer accounts.

In terms of margin trading fees, Robinhood provides a more attractive environment for smaller investors with balances below $100,000. The interest rates vary with balance brackets, but even at their highest, they are still lower than those of Public.com, especially notable in balances below $25,000 and between $25,000 to $49,999. This makes Robinhood a preferable choice for margin-enthusiast investors looking to minimize costs. Overall, Robinhood offers more favorable terms regarding account-related every day and special scenario charges, although individual preferences may vary based on specific features sought by the investor.

Feature Robinhood logoRobinhood
Public.com logoPublic.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Options (Per Contract) $0.00 $0.00 info
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When examining the day trading capabilities of Robinhood and Public.com, there are notable similarities and a few key differences. Neither platform provides streaming time and sales data, streaming live TV, direct market routing for stocks, or support for level 2 quotes. Both platforms also lack trading hotkeys for keyboard trade entry and do not offer basic or advanced strategy backtesting features. This limited feature set can be a drawback for day traders seeking comprehensive tools to inform and execute trades swiftly.

One standout feature of Robinhood is ladder trading, which is absent in Public.com, offering a slight edge for traders who may leverage this capability. However, like Public.com, Robinhood does not furnish a short locator tool for viewing real-time share availability for shorting specific securities. Additionally, neither platform provides order liquidity (maker/taker) rebates, a feature that could benefit frequent traders. Overall, while both platforms present an accessible entry point for trading, day traders might find their feature sets insufficient compared to more robust, specialized trading platforms.

Feature Robinhood logoRobinhood
Public.com logoPublic.com
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No info No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms for 2024

Market Research

When it comes to market research capabilities, Robinhood and Public.com offer a similar set of basic features but with notable distinctions in their offerings. Both platforms provide users with essential stock and ETF research, as well as access to Pink Sheets and OTCBB insights. However, neither Robinhood nor Public.com supports access to mutual funds or bonds research, nor do they provide an overview of portfolio allocation by asset class. For those prioritizing research tools, Robinhood slightly edges out Public.com, evidenced by its ranking as #14 compared to Public.com’s #17 in market research among 18 brokers as reviewed by StockBrokers.com. Robinhood garners a 2.5-star rating, slightly higher than Public.com’s 2-star rating.

Delving deeper into the individual research tools available, Robinhood offers a distinct advantage with its stock screener, an essential tool for traders seeking new investment ideas. In contrast, Public.com does not provide this feature, potentially limiting investors who rely heavily on screeners for stocks and other instruments. Neither platform includes a screener for ETFs, mutual funds, or bonds, nor do they offer downloadable PDF research reports for these asset classes. Additionally, both platforms are lacking in more advanced research tools like ESG data and stock analysis using social media sentiment, which may be key considerations for investors focusing on sustainability or crowd sentiment trends.

In summary, while both Robinhood and Public.com share similar limitations, Robinhood’s stock screener offers a small yet significant edge for investors looking for a way to generate trade ideas. However, neither platform provides the breadth of research tools one might find in more comprehensive brokerage platforms. Users searching for detailed analytical tools, such as downloadable research reports or extensive asset class insights, might find both platforms lacking in robust market research capabilities. Nonetheless, Robinhood’s slightly higher rating and ranking suggest it might be a slightly better choice for those who prioritize research tools in their investment strategy.

Feature Robinhood logoRobinhood
Public.com logoPublic.com
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 2.5/5 Stars 2/5 Stars

Banking

When evaluating the banking capabilities of online brokers Robinhood and Public.com, both platforms do not offer traditional checking or savings accounts, making them less ideal for users seeking comprehensive banking services. Additionally, neither Robinhood nor Public.com provides certificates of deposit (CDs), credit cards, or mortgage loans. However, Robinhood distinguishes itself by offering a debit card, thus providing users a degree of convenience for everyday transactions that Public.com lacks. Overall, while both platforms are primarily tailored for brokerage and investment purposes, Robinhood's offering of a debit card may better serve those seeking additional flexibility in managing their spending. Public.com, on the other hand, does not support any form of banking card, focusing entirely on investment services without extending into the realm of personal banking.

Feature Robinhood logoRobinhood
Public.com logoPublic.com
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info Yes No
Credit Cards info No No
Mortgage Loans info No No
CDs info No No

Dive deeper: Best Bank Accounts for Trading Stocks for 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Robinhood is better than Public.com. Robinhood finished with an overall score of 84.5%, while Public.com finished with a score of 72.9%.

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

FAQs

Can you trade cryptocurrency with Robinhood or Public.com?

Both Robinhood and Public.com provide crypto trading options; however, Public.com offers a slightly wider variety with 22 coins compared to Robinhood’s selection of 20 coins.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does Robinhood or Public.com offer IRAs?

Robinhood provides both traditional and Roth IRA accounts with no annual or closure fees, while Public.com does not offer IRA accounts, positioning Robinhood as a more comprehensive choice for users seeking diverse retirement investment options.

Dive deeper: Best IRA Accounts for 2024

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Compare

0 of 5
Overall Rating Robinhood Public.com
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 3/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2.5/5 Stars 2/5 Stars
Customer Service N/A N/A
Education 3.5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Robinhood Review Public.com Review
Broker Screenshots Robinhood Public.com
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Robinhood Public.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Penny Stock Fees (OTC) info N/A $2.99
Mutual Fund Trade Fee N/A n/a
Options (Per Contract) $0.00 $0.00 info
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee N/A n/a
Margin Rates Robinhood Public.com
Margin Rate Under $25,000 6.25% 8.75%
Margin Rate $25,000 to $49,999.99 6.05% 8.75%
Margin Rate $50,000 to $99,999.99 5.8% 6.75%
Margin Rate $100,000 to $249,999.99 5.75% 6.75%
Margin Rate $250,000 to $499,999.99 5.75% 5.75%
Margin Rate $500,000 to $999,999.99 5.75% 5.75%
Margin Rate Above $1,000,000 5.5% 5.75%
Account Fees Robinhood Public.com
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) info $100.00 $75.00
Account Transfer Out (Full) info $100.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Robinhood Public.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info No Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info No No
Forex Trading info No No
Crypto Trading info Yes info Yes
Crypto Trading - Total Coins info 20 22
Mutual Funds (No Load) info 0 0
Mutual Funds (Total) info 0 0
Bonds (US Treasury) info No Yes
Bonds (Corporate) info No Yes
Bonds (Municipal) info No No
Traditional IRAs info Yes No
Roth IRAs info Yes No
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Robinhood Public.com
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes info
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info No No
Beginners Robinhood Public.com
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info No Yes
Retirement Calculator info No No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info No Yes
Webinars info Yes Yes
Webinars (Archived) info No Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Robinhood Public.com
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Robinhood Public.com
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No info
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info Yes Yes
Stock App Charting Robinhood Public.com
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 6 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No Yes
Trading Platforms Robinhood Public.com
Active Trading Platform info Robinhood Legend n/a
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 3 3
Stock Chart Features Robinhood Public.com
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 16 0
Charting - Drawing Tools info 23 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info No No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 1 0
Charting - Custom Studies info No No
Day Trading Robinhood Public.com
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No info No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Robinhood Public.com
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info No No
Screener - Stocks info Yes No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info No No info
Stock Research Robinhood Public.com
Stock Research - PDF Reports info 0 info 0 info
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Robinhood Public.com
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info No No
ETFs - Ratings info No No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No info No
Mutual Fund Research Robinhood Public.com
Mutual Funds - Strategy Overview info No No
Mutual Funds - Performance Chart info No No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Robinhood Public.com
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 17 4
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info No No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Robinhood Public.com
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info Yes No
Mortgage Loans info No No
Customer Service Robinhood Public.com
Phone Support (Prospect Customers) info No No
Phone Support (Current Customers) info Yes No
Email Support info Yes Yes
Live Chat (Prospect Customers) info No Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Robinhood Public.com
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 3/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2.5/5 Stars 2/5 Stars
Education 3.5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Robinhood Review Public.com Review
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