Who is the Cash App’s broker?
The Cash App’s broker is Cash App Investing LLC, which is a wholly-owned subsidiary of Square, Inc. This means that when you buy or sell stocks using the Cash App, you are actually trading through Cash App Investing LLC.
What services does Cash App Investing LLC provide?
Cash App Investing LLC provides a platform for users to buy and sell stocks, as well as the ability to invest in Bitcoin through the Cash App. They also offer educational resources and tools to help users make informed investment decisions.
Is Cash App Investing LLC a registered broker-dealer?
Yes, Cash App Investing LLC is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA).
Are my investments safe with Cash App Investing LLC?
Cash App Investing LLC is regulated by both the SEC and FINRA, which means they must adhere to strict rules and regulations to ensure the safety of your investments. They also offer encryption to protect your personal information.
How does Cash App Investing LLC make money?
Cash App Investing LLC makes money through a combination of fees and other revenue streams. They may charge a fee for buying and selling stocks, as well as earn a portion of the spread on Bitcoin transactions.
Can I get financial advice from Cash App Investing LLC?
Cash App Investing LLC does not provide personalized financial advice to users. However, they do offer educational resources and tools to help users make informed investment decisions.
Does Cash App Investing LLC offer retirement accounts?
Yes, Cash App Investing LLC offers Individual Retirement Accounts (IRAs) for users who want to save for retirement. This allows you to invest in stocks and other assets through the Cash App.
Can I transfer my investments from another brokerage to Cash App Investing LLC?
Yes, you can transfer your investments from another brokerage to Cash App Investing LLC through a process known as an ACAT transfer. This allows you to consolidate all of your investments in one place.
Can I access my Cash App Investing LLC account on my computer?
Currently, Cash App Investing LLC is only available as a mobile app on iOS and Android devices. However, you can access your account and make trades on the go through the app.
Are there any restrictions on who can open an account with Cash App Investing LLC?
To open an account with Cash App Investing LLC, you must be at least 18 years old and have a valid Social Security number. Additionally, you must reside in the United States.
Can I open a joint account with Cash App Investing LLC?
Cash App Investing LLC currently does not offer joint accounts. Each user must have their own individual account to buy and sell stocks or invest in Bitcoin through the Cash App.
What is the customer service like at Cash App Investing LLC?
Cash App Investing LLC offers customer support through their website and mobile app. Users can reach out with any questions or issues they may have regarding their accounts or trades.
Does Cash App Investing LLC offer margin trading?
Currently, Cash App Investing LLC does not offer margin trading. Users can only trade stocks and Bitcoin with the funds available in their Cash App account.
In conclusion, Cash App Investing LLC serves as the broker for the Cash App, providing users with the ability to invest in stocks, Bitcoin, and IRAs. With their regulatory oversight, user-friendly platform, and range of investment options, Cash App Investing LLC offers a convenient way for individuals to start investing in the stock market.