Stockpile App Replacement

[EAJuggalo]

As of July 15, Stockpile is going to be a paid service.  Questioning if anyone has any apps for replacement that are still free or even charge per transaction rather than per month?  I used Stockpile as a place to buy fractional shares and direct a very small portion of my portfolio.  I was only putting $20/month in it, I'm not going to pay $5/month for that.  

[TheGoogleNinja]

I use SoFi for my investing.  I am only putting in like $50 a check.  I can't say how it competes with other services as I am sort of new in the investing game.  But it is pretty user-friendly and allows for fractional investing.  I'm sure there are fees associated with the trades, and I should probably know what those fees are, but I have yet to do any selling so I haven't seen the fees yet.  There's no monthly dues though.

[LADave]

At the moment I do my fractional investing with Robinhood. I also use my RH cash account as a high-interest (1 percent APR) savings account. I have a small amount of money in WeBull but I never use the app (very user-unfriendly and even more hypey that RH).

I've been taking a look at SoFi lately. While I wouldn't look to them for most of my banking until they add Zelle, they're starting to look really good for investing. They have what looks like a very user-friendly app, fractional investing with no fees, crypto, and high interest savings (especially if you divert even a small fraction of your direct deposits their way). 

[iheartwings]

I used Stockpile for a while after Sharebuilder went the way of the dodo. I hated that you couldn't designate your cost basis (i.e.,  So, if you've held something forever, and you sell that lot for a ton of profit - you'll on the hook for more capital gains rather than if you sold stock lot that had a higher cost basis because Stockpile only uses FIFO (first in, first out)). 

If you're interested in larger discount brokerages - Schwab has its stock slices ($5 minimum) and limited to S&P500 companies, while Fidelity has had fractional share purchasing power, which they've been doing for much longer. Both allow you to designate your cost basis. Plus, both have checking accounts (Schwab Bank, Fidelity Cash Management Accounts) that refund ATM fees. 

[EAJuggalo]

I think I've decided to go with Schwab.  They seem to offer everything I'm really looking for and this would open the door to a Schwab Plat at some point further down the line.  I've sold all my stock on Stockpile and started the process to cash out.