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Streetbeat offers personalized investment insights and free stock and ETF trading.
Streetbeat
Bottom Line: Streetbeat is a new investment app that best suits individuals who want to leave the legwork of investing to professionals and leverage their advice to purchase shares of stocks, ETFs, and cryptocurrencies. Since the platform has low fees, a $0 minimum requirement, and auto-investing features, it could also be a safe choice for beginner investors. Its services are mainly limited to its mobile app.
Overall rating
FeatureInsider rating (out of 5)Fees4.75Investment selection4.25Access3.63Ethics5.00Customer service3.75Overall score4.28
Is Streetbeat right for you?
Founded in June 2021, Streetbeat offers hedge fund-level investment insights and data analysis for stocks and ETFs, as well as automated investment strategies tailored to your preferences. Its investment strategies allow you to invest in single stocks and ETFs that its algorithm recommends.
Streetbeat says it aims to democratize the investment data traditionally set aside for hedge funds and private investors, making it available to everyone. It’s not the best choice for those looking to exchange assets outside of stocks, ETFs, and crypto.
It’s available on iOS and Android devices.
Streetbeat vs. M1 Finance
Streetbeat
M1 Finance
Min. Investment
$0
Min. Investment
$100 ($500 for IRAs)
Fees
0.1% for accounts with more than $400; $0.75 for accounts with less than $400
Fees
0%
Investment choices
Stocks, ETFs, and cryptocurrencies
Investment choices
Stocks and ETFs
StreetbeatM1 Finance
Streetbeat and M1 Finance both offer products that may be ideal for beginners, but the companies differ when it comes to fees, products, and investment choices.
M1 Finance is the best choice for beginner and intermediate investors who are okay without necessarily having research-intensive/data-backed investment insights. The platform offers stock and ETF trading, with DIY trading and automated investing options for all types of traders.
Streetbeat has more competitive investment choices. There isn’t a minimum account requirement, and it also offers crypto trading services through Alpaca Crypto LLC.
Streetbeat vs. Front
Streetbeat
Front
Min. Investment
$0
Min. Investment
$0
Fees
0.1% for accounts with more than $400; $0.75 for accounts with less than $400
Fees
0%
Investment choices
Stocks, ETFs, and cryptocurrencies
Investment choices
N/A
StreetbeatFront investing
Streetbeat and Front are similar in that both favor traders who want to fuel their investment decisions with insights. Front doesn’t offer trading, but it best suits those in search of investment research tailored to their portfolios. It lets you connect both brokerage accounts and crypto accounts.
Streetbeat takes this a step further, offering trading for stocks, ETFs, and cryptocurrencies.
Ways to invest with Streetbeat
Self-directed brokerage accounts
Streetbeat is perfect for investors who want to use data to back their trading decisions. The app has a $0 minimum requirement and trading fees of 0.1% for its strategies, and its personalized investment analysis, auto-trading features, auto-hedging features (these strategies adjust your portfolio to protect you against loss), and investment selection might also make it appealing to beginner traders.
As for the data component of Streetbeat’s investment approach, it says it analyzes multiple data sets, including:
Bank card transactionsApplication usageMobile GPS and Foot trafficSocial media sentiment
In addition, the platform’s mobile app allows you to view and/or invest in a variety of Streetbeat’s investment strategies (these strategies offer investing for single stocks, ETFs, and cryptocurrencies) or invest with your own strategies. Streetbeat offers data for more than 1,900 public companies. It also provides news and market updates on those companies, making it easy for you to trade on your own if you’d like.
If you need any additional help, you can contact the platform through its mobile app; it offers a chat feature that connects you to Streetbeat customer service.
Is Streetbeat trustworthy?
Personal Finance Insider assesses trustworthiness by reviewing each platform’s Better Business Bureau profile. The BBB uses a grade scale range of A+ to F to rate companies, and its ratings reflect its opinion of how well a company interacts with its customers.
Streetbeat doesn’t currently have a BBB profile. Furthermore, the BBB’s ratings don’t guarantee performance or reliability, so it’s nonetheless important to do your own due diligence before opening an account with an investment platform.
Streetbeat — Frequently Asked Questions (FAQ)
What is Streetbeat?
Streetbeat is a mobile investment analysis/trading app that uses non-public data (data that isn’t easily accessible to the public) to inform your trading decisions. The app offers investment strategies that contain a blend of single stocks and ETFs, and it offers data on more than 1,900 public companies.
What are Streetbeat’s fees?
Streetbeat charges a 0.1% fee to use its platform. It offers commission-free trading, and you can get started without having to worry about a minimum account size requirement.
Who is Streetbeat best for?
Streetbeat is best for traders who want to inform their stock, crypto, and ETF picks with professional data. The platform gives you both the option to trade with your own strategies or use the ones it has selected, so it could be ideal for both experienced traders and beginners.
Related terms
Stocks: Stocks are available on most exchanges and represent shares, or portions, of ownership in public companies. You can purchase these securities through online brokerages, robo-advisors, and other investment platforms.ETFs: These funds contain a blend of stocks, bonds, commodities, and other investments. ETFs are similar to stocks since you can easily buy and sell both during the stock exchange’s trading hours. But these investments are also less risky than stocks since they essentially contain a basket of different securities.Risk tolerance: This represents how much risk an investor is comfortable with taking on in their portfolio. Conservative portfolios are generally less risky, while aggressive portfolios take on investments that are likely rewarding but more volatile.