Building off the events of earlier this year and the call for more transparency in our industry, has ended its participation in Payment for Order Flow and introduced an optional tipping feature as of February 1st, 2021. With the help of our clearing firm, Apex, we will route orders directly to exchanges—in turn taking the conflict of interest out of our business model. This decision better aligns our incentives with the interests of our community.

How does tipping work?

After you submit an order, you'll be given an opportunity to tip. If you choose to tip, you'll hit the "+" sign until you reach the tip amount you want, then submit the tip. The tip amount will be deducted against your buying power and will be returned to buying power if the order is canceled, rejected, or reversed.

Is tipping required?

Nope! And tipping is totally separate from your order, so it won't change anything about how your order is executed.

How much should I tip?

Whether or not you tip, and how much, is totally up to you. Our minimum tip varies by the dollar value of your order and the maximum tip we accept is 5% of your order amount.

Can I change my tip amount?

Once a tip is submitted with an order, it cannot be changed, though the order itself can still be canceled which would cancel the tip, as well.

Is tipping considered a commission or sales charge for cost basis reporting?

No. Tipping is a separate charge not connected to the execution of an order. It will not be reflected in the cost basis or tax lot reporting of a position and will not reduce tax liability on any transaction.

Why did you launch tipping?

The short version: because we think it's a better, more transparent, more aligned way to make money (than payment for order flow, which we've stopped accepting)! Read more about that here

Tipping Terms & Conditions

  • Adding a tip to an order on Public is fully optional and is a charge to the Member’s account separate from the execution of orders.

  • The customer’s decision to tip or not to tip does not impact the order routing, execution, or any other aspect of the order.

  • Tips are submitted as a dollar amount and are deducted from buying power immediately.

  • Tips are only charged on executed orders. Tips remain deducted from buying power are held in the member’s account as “pending tips” until they are deducted from the member’s account. . Pending tips will be visible in the member's account detail and are deducted on a regular basis. Once deducted, they will be removed from the account detail and will appear in the account's transaction history.

  • In the event that a tip is applied to an order that is subsequently canceled, rejected, or reversed, the tip will be credited back to the account.

  • Tips will never be charged in excess of available buying power

  • Once a tip is submitted, it cannot be changed.

  • Tips are capped at 5% of the projected transaction amount.

  • The tip amount increments are set by the app and tips cannot be made in amounts that do not conform to the pre-set increments.

  • Tips do not constitute a commission for trading and are not associated with transaction execution therefore they are not included in cost basis or tax lot reporting, and do not reduce tax liability on any transaction

  • Tips are a charge received by Open to the Public Investing Inc and constitute revenue to the firm. They are not received by nor constitute a gift to any person, principal, proprietor, employee, agent or representative of another person.

  • Tips will appear on your account statement after they have been deducted from your account, under the description "Tip". Tips are not associated with trade execution and will not appear on trade confirms.

  • All tipping terms and conditions are subject to change without notice.

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