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Stockpile is an online broker that provides a simple trading app for the buying and selling of fractional shares of stocks in companies like Apple, Amazon, Google, Facebook, Netflix, Tesla, and many more, with the aim of making the stock market more accessible to the younger generation through a user-friendly platform. The broker was founded in 2010 to provide trading services in stocks and ETFs, offering some of the lowest fees in the online brokerage industry, starting from just $0.99. However, they offer limited tradable assets, platforms, and market research tools.
Stockpile Platforms & Tools
Stockpile provides their clients with a simple, easy-to-use trading app with a user-friendly interface and basic trading and account management tools. The trading app is compatible with iOS and Android devices. With the app, you can access your account, manage funds, research potential investment, buy and sell stocks or ETFs, and manage your portfolio. However, the app is not suitable for detailed market analysis, so the broker seems to target beginner traders rather than the sophisticated professional traders.
Stockpile Research & Education
The broker’s trading app comes with a series of easy to understand mini-lessons to improve the knowledge of beginner traders. The topics covered are very basic, but people who are new to trading will find them very useful. Apart from the mini-lessons, the broker does not provide other educational resources.
Stockpile Trading Accounts
The broker offers a standard account for trading and investing in stocks and ETFs. They offer only cash accounts and do not provide credit or margin lending to traders, so all stock and ETF purchases must be paid for with settled funds. Signing up with the broker is free, but the minimum amount you can start trading with is $5. There are no monthly fees, but other fees may apply — check the broker’s website.
Stockpile Account Funding
The broker offers two methods for account funding. You can do a bank transfer, which is free but may take up to 3 days for the funds to clear. Alternatively, you can fund your account via a debit card, which is instant but incurs a small charge. The broker does not accept PayPal, Skrill, Neteller, and other online payment processors.
Stockpile Customer Service
Stockpile customer support is available during U.S. office hours, and you can reach them via online chat and email. There is no phone number for clients to contact them with. However, their FAQ section answers a lot of the common questions investors ask.
Stockpile is a US-based company that offers U.S. stocks and ETFs to self-directed investors, so they are regulated by U.S. bodies. The brokerage name is owned and operated by Stockpile Investments, Inc., which is a registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA). The FINRA is an independent, non-governmental organization that regulates the activities of member brokerage firms and exchange markets, fostering confidence between brokers and investors.
Stockpile Review Summary
Stockpile is an online broker that offers a basic trading app for the buying and selling of fractional shares in stocks and ETFs. With low trading fees, limited tools, and financial instruments, they seem to target novice traders.
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