Latest in Gear

Image credit:

Square enables free stock trades using Cash App

You'll be able to trade for as little as $1.
Mariella Moon, @mariella_moon
October 25, 2019
61 Shares
Share
Tweet
Share

Sponsored Links

d3sign via Getty Images

Square kept introducing new features for its Cash app over the past years until it's no longer just meant for sending and receiving money from friends. Last year, the company launched the ability to instantly buy and sell bitcoin, allowing users to take a chance on cryptocurrency if they want to. Now, Square has revealed that it's rolling out the ability to buy stocks from within the Cash app. Users don't even have to invest money they can't afford losing -- say, over $1,000 to buy a single Google share -- because it'll allow them to buy fractions of stocks for as little as $1.

The company told The Verge that it won't charge users for buying stocks, thereby making it a Robinhood competitor. Square co-founder Jack Dorsey said the feature can make "buying stocks and building wealth accessible to more people." The feature is making its way to all users "soon," and the company is advising everyone interested to keep checking their application. Square has also released a simple guide to help those who don't have experience with stocks get started, warning people that investing is risky and that they need to be patient.

In this article: cash app, gear, investment, mobile, square, stocks
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
61 Shares
Share
Tweet
Share

Popular on Engadget

The 2020 Engadget Holiday Gift Guide

The 2020 Engadget Holiday Gift Guide

View
Scientists might know why astronauts develop health problems in space

Scientists might know why astronauts develop health problems in space

View
Belkin’s new wireless charger tries to do what AirPower promised

Belkin’s new wireless charger tries to do what AirPower promised

View
The best Black Friday tech deals we could find

The best Black Friday tech deals we could find

View
'Spider-Man: Miles Morales' bug gives NYC the patio heater superhero it needs

'Spider-Man: Miles Morales' bug gives NYC the patio heater superhero it needs

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr