Market Overview

Commission-Free StockTwits App Allows Users To Buy, Sell Fractions Of Shares

Commission-Free StockTwits App Allows Users To Buy, Sell Fractions Of Shares

StockTwits, a real-time financial communication and media network, has entered into the brokerage business with a commission-free trading platform, TradeApp.

The development comes after a series of incumbent brokers eliminated commissions from their pricing models, drumming up interest and liquidity in a market filled with pessimism and uncertainty.

“With 150,000 messages sent every day on the platform, StockTwits prides itself on understanding the retail investor and trader. For 10 years we’ve had a front row seat to the roller coaster of emotions the activer investor goes through, from the highs to the lows,” CEO Ian Rosen said in a press release.

“We built TradeApp to create a better experience for investors and traders of all levels. Self-directed doesn’t have to mean self-destructive, and we believe the key to success likes in not relying solely on yourself."

StockTwits first announced the app in April.

The TradeApp will be offered by ST Invest LLC, a subsidiary of StockTwits, a member of the Financial Industry Regulatory Authority, and registered broker-dealer. The platform will unlock commission-free investments in the U.S. stock market, with the ability to purchase shares fractionally.

Additionally, the app takes an innovative approach to keeping people in the markets: the platform allows traders to rationalize their trades, helping bolster morale and support for other traders within the community.

The TradeApp is expected to launch first to StockTwits’ 2 million members, with plans to roll out the platform to non-members later.

You can learn more about dozens of companies looking to take over the fintech space at the Benzinga Global Fintech Awards in New York City on Nov. 19.

Related Links:

How And Why Are Online Brokers Offering Commission-Free Trades?

Best Free Stock Trading Brokers


Related Articles

View Comments and Join the Discussion!

Posted-In: Benzinga Global Fintech Awards commission-free Ian Rosen stocktwitsFintech News Best of Benzinga