NEW YORK--(BUSINESS WIRE)--As part of its ongoing evolution, Stocktwits, the largest social network for investors and traders, today announced that it will offer its community members the ability to place unlimited, commission-free U.S. equity trades directly through its new mobile application, Trade App. The app will be offered by ST Invest LLC, a subsidiary of Stocktwits. ST Invest is a member of the Financial Industry Regulatory Authority (FINRA) and is a registered broker-dealer.
“With 150,000 messages sent every day on the platform, Stocktwits prides itself on understanding the retail investor and trader. For ten years we’ve had a front row seat to the roller coaster of emotions the active investor goes through, from the highs to the lows. We are successful when our members are successful and existing solutions are not getting the job done. We built Trade App 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 lies in not relying solely on yourself,” said Ian Rosen, CEO of Stocktwits.
Trade App will engage investors through social interaction and idea exchange. In addition to not charging commissions, Stocktwits will enable users to buy and sell fractions of shares, which allows younger and newer users to invest in popular stocks like Amazon or Google without breaking their wallets, or forcing them to trade only less expensive stocks.
Added Rosen: "As the largest community of active investors, Stocktwits is already a significant portion of the total active investor community in the U.S. Our long-term success and growth as a company will also be defined by the health of the larger active investing market. Commission-free trading was a major step forward in making active investing more accessible. At Stocktwits, we asked ourselves who in the brokerage space was both attracting and keeping new investors by capturing the daily excitement we see around trading. We saw no one. So, we built a brokerage that matches the excitement and pulse of the community we’ve built.”
Trade App is expected to launch to Stocktwits’ approximately two million members this summer on iOS and plans to roll out over time to community members and the general public.
Interested individuals can be the first to get notified when it launches at https://tradeapp.Stocktwits.com and existing community member will be first to access it.
About Stocktwits
Stocktwits, founded in 2008, is the largest social platform for investors and traders, and host of events including the Stocktoberfest and Stocktwits Future Forum Series. The Stocktwits community consists of investors, traders, financial media and entrepreneurs seeking to reimagine financial media and investing for the next generation.
About ST Invest
ST Invest LLC is an online stock broker owned by Stocktwits.
Investing in securities products involves risk, including possible loss of principal. Securities products and services offered to self-directed investors through ST Invest, LLC. Member FINRA (www.finra.org) / SIPC (www.sipc.org).
ST Invest provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment advice.
Content, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice.
The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results.
All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. ST Invest provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice.
There are risks associated with community-based trading, including loss of principal, and that ideas expressed through Stocktwits by members of its community are not necessarily those of financial professionals, nor are they representative of the views or ideas of Stocktwits or ST Invest.
ST Invest does not charge investors commissions. However, regulatory transaction fees may apply, as well as tax implications for realized gains. Please see ST Invest’s Commissions and Fees schedule for more details.
Electronic trading has inherent risk due to system response, execution price, speed, liquidity, market data and access times that may vary due to market conditions, system performance, market volatility, size and type of order and other factors. An investor should understand these and additional risks before trading.
Trading in fractional shares has unique risks and limitations that you should understand prior to trading. Fractional shares are not transferrable. You will not have voting rights for the fraction of a share owned. If you close your account or transfer your account to another firm, the fractional share will need to be liquidated, resulting in potential losses.
