ClickIPO review
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- Stock trade fee
- N/A
- Minimum deposit
- $500
Summary
A simple way to buy companies as they go public at the offering price.
ClickIPO is a mobile and web-based app that lets you buy shares of companies when they go public through an IPO. To make it work, you must connect your brokerage account to ClickIPO. Unfortunately, most brokers don’t support this feature yet.
- Consider ClickIPO if you want to be one of the first to buy a stock when it goes public.
- Look elsewhere if you don’t care whether you buy a company on the day of the IPO.
Details
Features
Annual fee | $0 |
Available asset types | Stocks |
Account types | Brokerage |
Minimum deposit | $500 |
What I think about ClickIPO
ClickIPO offers a simple way to access IPO stocks through a mobile app or browser. The cool thing about this is you get to see upcoming IPOs and get real-time alerts.
You can also create a watchlist of the companies you want to keep a close eye on. And if you buy shares in the IPO, ClickIPO will allocate them directly into your brokerage account at the offering price.
There are some downsides to consider. For one, you need to connect to a brokerage account to start buying IPOs. TradeStation is one of the few brokers that supports this feature — most don’t.
Also, ClickIPO doesn’t guarantee that your order will be executed or that you’ll get the number of shares you want. There’s another caveat: investors are rated based on how long they hold their IPO stocks. This means that if you constantly sell IPO stocks soon after you bought them, ClickIPO may refuse to offer you IPO stocks in the future.
Despite this, ClickIPO is one of the rare apps that lets you access companies as they go public, at the offering price. This makes it worthwhile if you want to be among the first to buy these companies, since the price can change greatly once the stock is openly traded.
What investments does ClickIPO offer?
ClickIPO is not a standard brokerage, so don’t expect to find options, futures or ETFs. You can only buy shares in an IPO or a secondary offering, via a linked brokerage account.
ClickIPO is best for equity investors
Equity investors — especially those who want to be the first ones to buy shares when the company goes public — will find ClickIPO useful. The longer you keep the shares you buy from the app, the higher your rating.
The rating is known as investor score, and if it’s high, ClickIPO may allocate more shares to your account. If you often flip your shares after the IPO, ClickIPO may refuse to offer you IPOs in the future.
Fees and cost
Other than the fees you pay to your broker, you won’t pay anything extra to ClickIPO for buying shares through their service. That’s because ClickIPO has a different business model. Instead of charging investors for their service, ClickIPO earns commission from underwriters for allocating their shares among investors.
How do I sign up?
Signing up for ClickIPO and buying shares is easy. Here’s how to do it:
- Visit the ClickIPO website.
- Choose Sign up.
- Provide the required information and log in.
- From the menu tab select Broker Dealer.
- Select the broker where you have an account and connect them.
Eligible brokers include:
- TradeStation
- ViewTrade
- DriveWealth
Some other brokers use ClickIPO’s service, but it’s integrated into their platforms. These include:
- Webull
- BBAE
- Just2TradeOnline
- ScorePriority
ClickIPO is a legit company
The ClickIPO app is offered by Click IPO Securities, LLC, a broker-dealer registered with the SEC. The company is also a member of SIPC and FINRA under central registration depository number 168376.
ClickIPO reviews and complaints
As of November 2024, the ClickIPO app doesn’t have complaints or reviews on the Better Business Bureau or Trustpilot.
What little feedback we found was from the Android mobile app. Most complaints say users couldn’t log in to the app, while others claim they had no issues. Other than that, there’s no additional user feedback.
Google Play app | 3.1/5 stars based on 88 reviews |
Apple app store | 2.6/5 stars based on 55 reviews |
Data last updated | November 2024 |
Contact ClickIPO online through their website
There aren’t many ways to reach out to ClickIPO, except:
- The website
- Social media
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Your reviews
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