US app based online trading broker Public.com is ending its attempts to expand in the UK market.
Although the company has not made a formal announcement on the matter, London news site City A.M. is reporting that Public.com has sent an email to its registered UK users (seen by City A.M.) that the company is suspending operations in the UK as of May 3, 2024.
All UK accounts at Public.com will apparently be closed after April 2024.
A Public.com spokesperson was quoted as telling City A.M.,
“With even more accelerated growth in the US, especially from recent feature launches such as a five per cent high-yield account, corporate bonds and options trading, we decided it’s better to focus on US business for now.”
In late 2022 Read More