Stonks Trading is a user-owned trading platform that enables users to buy, sell, and short U.S. stocks commission-free*. As a platform built for, with, and by the people, users are able to vote on new features. In the coming year, the Stonks Trading platform will add crypto trading, banking, and portfolio management to its product offering.
About Stonks Trading
Stonks Trading was founded in January 2021 by Anthony Hughes, Niko Hughes, and Carsten Carlsen. From the surge of retail trading in 2020 to the impact the Wall Street Bets subreddit group had on the market, CEO Anthony Hughes was inspired to create a user-centric trading platform. Anthony’s idea was to create a decentralized financial ecosystem partially owned by the users of the platform. As part-owners, users also get to vote on the product roadmap and influence the next set of features coming to the platform. Throughout 2022 new features that will be added include crypto trading, banking, and portfolio management.
Decentralizing Money Management
Stonks Trading aims to simplify money management and asset allocation. With Stonks Trading, users are empowered to trade stocks, purchase and stake crypto, bank, and manage their portfolios all within one platform. They believe the Stonks Trading ecosystem has the ability to revolutionize money management while giving power to its users by granting them part ownership of the company.
Stonks Trading Key Features
- Users have part ownership in Stonks Trading
- Buy, sell, and short US stocks commission-free*
- Fractional shares, invest with as little as $1**
- 4x intraday margin with low margin rates of 3.75%
Stonks Trading Powered by Alpaca Broker API
Stonks Trading leverages Alpaca Broker API to enable users to buy, sell, and short U.S. stocks commission-free*. With the help of Broker API, Stonks Trading has been able to grow quickly while delivering a seamless experience to its users.
Alpaca is an API-first stock and crypto brokerage platform that’s raised over $70m in funding. Alpaca offers brokerage and custody infrastructure for apps to launch and scale investing services with ease. Alpaca offers commission-free stock and crypto trading, real-time market data, brokerage operations, and compliance services through modern APIs.
*Commission-Free trading means that there are no commission charges for Alpaca self-directed individual cash brokerage accounts that trade U.S. listed securities through an API. Relevant regulatory fees may apply.
**A security being available for fractional share trading is not a recommendation; whether to use fractional shares at all or to invest in any specific security. A security’s eligibility on the list of fractional shares available for trading is not an endorsement of any of the securities, nor is it intended to convey that such securities have low risk. Fractional share transactions are executed either on a principal or riskless principal basis, and can only be bought or sold with market orders during normal market hours.
Investing and investment strategies involve risk, including loss of value and the loss of principal. Past performance does not guarantee future returns or results.
Stonks Trading and Alpaca Securities LLC (“Alpaca”) are unaffiliated. Brokerage services are provided by Alpaca Securities LLC ("Alpaca"), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.