How to Cancel a Stockpile Account in 2024
Stockpile Account Cancellation Fee
Stockpile doesn’t charge a fee to close a non-IRA brokerage account unless you’re transferring it to another company (see below).
Stockpile ACAT Fees
If you want to transfer your Stockpile account to another company through ACAT, Stockpile will charge a $75 fee. If you transfer your account to
Robinhood, they will reimburse this fee.
How To Cancel a Stockpile Account
To close your Stockpile account, first transfer your cash to your bank or another company. If you own stocks, you can sell them or transfer them to another broker. Then, you can submit an online
request to cancel your Stockpile account.
How Does Stockpile Compare to Other Brokers?
Trades at Stockpile cost 99¢ each, and not all stocks are available.
Stockpile isn’t the only broker that offers fractional-share trading. The latest broker to offer fractional shares is Charles Schwab. Besides its mobile app, Schwab offers website trading, a desktop platform, and many other products, including mutual funds, options, and bonds. Stock and ETF trades are free.
Our Recommendations
Beginners: Robinhood makes investing easy. The community aspect of the app, which almost no one else offers, can be valuable for new investors.
Mutual Fund Investors: Stockpile isn’t suitable here. We recommend
Firstrade.
Individual Retirement Accounts: Stockpile doesn’t work well here either.
Charles Schwab is a better choice.
Active Stock and ETF Trading: Stockpile lacks the tools needed for frequent trading.
Webull is a better option.
Long-Term Investors and Retirement Savers: Stockpile doesn’t meet the needs here.
Charles Schwab is a better choice.
Small Accounts: Robinhood is one of the best brokers for small accounts.
It offers $0 trades, but many other companies do too. Robinhood stands out for its community sharing and easy fractional investing. The app’s unique feature is a high interest of 4.5% on cash balances.
Updated on 8/31/2024.
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