Company
Date Published
Author
Sasha Cotterell
Word count
531
Language
English
Hacker News points
None

Summary

Stonks Trading is a user-owned trading platform that enables users to buy, sell, and short U.S. stocks commission-free, with plans to add crypto trading, banking, and portfolio management in the coming year. The platform was founded by Anthony Hughes and his team in 2021, inspired by the surge of retail trading in 2020 and the impact of the Wall Street Bets subreddit group on the market. Users have part ownership in the company and can vote on new features, aiming to simplify money management and asset allocation while giving power to its users. The platform leverages Alpaca Broker API for seamless experience and commission-free trading, with plans to expand into crypto trading, banking, and portfolio management.