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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