The team at Stocktwits had some big news today… 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:
Ian, Stocktwits CEO explains why Trade App came about:
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.
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 go live this summer and you can sign up here.