Building off the events of earlier this year and the call for more transparency in our industry, Public.com has ended its participation in Payment for Order Flow and introduced an optional tipping feature as of February 17th, 2021. With the help of our clearing firm, Apex, we route orders directly to exchanges and market centers to try to get you the best price on an order by order basis—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 select the amount you’d like to tip, 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 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 approximately 2% 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 as part 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
Can I tip on crypto transactions on Public?
There is not an option to add a tip to crypto trades at this time.
Tipping Terms & Conditions
After you submit an order (to buy or sell a security), you may be prompted to leave a tip for Public.
Leaving a tip for Public is fully optional.
Your decision to tip or not to tip does not impact your order routing, execution, or any other aspect of the order.
Tips are submitted as a dollar amount. Once a tip is submitted, it cannot be changed.
The tip amount increments are set by the app.
If you leave a tip, the tip is immediately deducted from your buying power and is held in your account as a “pending tip.”
Pending tips are visible in your account detail and will be deducted from your account on a regular basis, at which point they will be removed from the account detail and will appear in your tipping history.
If there’s sufficient buying power to execute your order but not to fulfill the tip amount, we will still execute your order. We will take the tip only to the amount of available buying power.
Tips as an Optional Service Charge
Tips do not constitute a commission for trading.
Tips do not constitute a gift to any person, principal, proprietor, employee, agent or representative of another person.
Tips appear on your trade confirms as an “additional fee” associated with the trade.
All tipping terms and conditions are subject to change without notice.