New Stocktwits Trade App is designed to help people have fun while
learning from other active investors
‘Community-based trading experience’ enables individuals to
compete, employ trading strategies stemming from social interaction and
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
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
and existing community member will be first to access it.
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
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.
Roger Sauerhaft (On behalf of Stocktwits)