Cash App Investing: Platform Profile

Overview

Cash App Investing is a deliberately narrow brokerage built into the broader Cash App financial-services platform.

The securities product focuses on:

• U.S.-listed stocks;
• ETFs;
• fractional shares;
• recurring stock purchases;
• stock Round Ups;
• simple mobile-first order entry.

Bitcoin is also available inside Cash App, but it is not provided by Cash App Investing LLC.

That legal separation matters.

Cash App Investing is a registered securities broker-dealer and SIPC member.

Cash App's bitcoin service is provided outside the securities broker-dealer and bitcoin holdings are not SIPC or FDIC protected.

May fit better for

• new investors who want a simple stock interface;
• investors starting with small dollar amounts;
• users who already use Cash App for payments;
• investors who want recurring fractional purchases;
• investors who also want bitcoin in the same consumer app while understanding the legal separation;
• users who do not need options, futures, mutual funds, or advanced trading software.

May fit less well for

• options traders;
• bond investors;
• mutual-fund investors;
• investors seeking conventional IRAs;
• advanced traders who need limit-order depth, APIs, or professional analytics;
• investors who assume Cash App bitcoin receives SIPC protection;
• users who regularly transfer securities out and are sensitive to a $75 outbound transfer fee.

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Legal identity

Current regulatory state:

• Legal name: Cash App Investing LLC
• FINRA CRD: 144076
• SEC number: 8-67630
• SEC registered broker dealer: Yes
• FINRA member: Yes
• SIPC member: Yes
• Parent company: Block, Inc.
• Self directed: Yes

Cash App Investing does not provide personalized investment advice or recommendations in the self-directed brokerage relationship.

Cash App Investing LLC is the broker-dealer.

Other Cash App services are provided by Block, other subsidiaries, or partners.

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Stock and ETF pricing

Current Cash App Investing House Rules state:

• Securities service fee: $0 currently
• Stock commission: $0
• ETF commission: $0
• Minimum purchase: $1
• Round Ups minimum: $0.01
• Minimum sale: $1 unless Sell All

Government and regulatory charges can still apply to covered sales.

"Every securities transaction at Cash App costs absolutely nothing."

The brokerage currently charges no service fee, but regulatory and transfer-related charges remain.

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Fractional shares

Cash App Investing is designed around dollar-based investing.

Current headline minimum:

• Fractional purchase minimum: $1

Fractional shares can have limitations that whole shares do not.

Cash App disclosures specifically warn about non-transferability of fractional shares.

A transfer can require handling of the whole-share portion and liquidation or other treatment of the fractional remainder under the applicable account terms.

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Recurring investing and Round Ups

Current brokerage features include:

• Recurring stock investing: Yes
• Stock Round Ups: Yes

Recurring stock orders can be scheduled at supported intervals.

Execution happens under the brokerage's available trading process and market price at the time the order is processed.

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Carrying-broker migration is active

This is a mandatory current-status distinction.

Cash App Investing is transitioning its carrying-broker relationship:

• Legacy carrying broker: DriveWealth LLC
• New carrying broker: Apex Clearing Corporation
• Migration current: Yes

The February 2026 customer agreement states that the migration occurs in tranches.

A customer can temporarily have accounts or positions associated with both carrying brokers.

The user can identify the relevant carrying broker from:

• the trade-order screen;
• trade confirmations;
• account statements.

"All Cash App Investing accounts are already at Apex."

That is not what the current agreement says.

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DriveWealth and Apex accounts currently have different account rules

DriveWealth-carried accounts

• DriveWealth accounts:
• Account type: margin
• Pattern day trading restrictions: Yes

Apex-carried accounts

• Apex accounts:
• Account type: cash
• Good faith and freeride rules: Yes

That distinction exists because the carrying-broker transition is incomplete.

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Outbound transfer and DRS fees

Current House Rules:

• Outbound stock transfer: $75
• Apex DRS:
• Completed request per security: $115
• Rejected request: $125

These fees are significant relative to the platform's otherwise low transaction costs.

An investor who plans to keep assets inside Cash App may rarely encounter them.

An investor who routinely moves shares can.

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Bitcoin is not a Cash App Investing security

Cash App disclosures state:

• Bitcoin provider brand: Cash App
• Cash App Investing trades bitcoin: No
• Bitcoin SIPC: No
• Bitcoin FDIC: No

Cash App Investing LLC does not trade bitcoin.

Cash App and Block are not FINRA or SIPC members for the bitcoin service.

The fact that stocks and bitcoin appear in one app does not merge them into one protected brokerage account.

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Current bitcoin market-buy/sell fees

Current Cash App bitcoin fee schedule:

• Bitcoin market buy sell:
• "$1-$499": 2.0%
• "$500-$999": 1.5%
• "$1,000-$1,999": 0.9%
• "$2,000+": 0%

The schedule is transaction-size dependent.

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Auto Buy has a separate current fee policy

Cash App's current bitcoin page states:

• Bitcoin auto buy:
• Fee: 0%
• Stated spread: 0%

The page defines Auto Buy to include:

• Auto Invest;
• Paid in Bitcoin;
• Round Ups.

This should remain tied to the current published program.

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Bitcoin fee example

A $750 market purchase at the current 1.5% tier:

$750 × 1.5% = $11.25

stated fee.

A $2,500 qualifying market purchase falls in the current $2,000+ fee tier:

$0 stated transaction fee

under the supplied fee page.

That does not mean the customer is protected from bitcoin price movement.

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Cash balance is not the brokerage security

Cash App's broader app includes payment and cash services.

The brokerage account is separate.

Cash App Investing is:

• not a bank;
• not the provider of ordinary Cash App P2P services;
• not the provider of Cash App bitcoin.

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Product scope

Current review scope confirms:

• Stocks: Yes
• ETFs: Yes
• Fractional shares: Yes
• Recurring stock orders: Yes
• Options current verified: No
• Mutual funds current verified: No
• Bonds current verified: No
• Futures current verified: No
• IRA current verified: No
• Bitcoin in same brand app: Yes
• Bitcoin separate from brokerage: Yes

Assessment

Cash App Investing succeeds by removing brokerage complexity.

A user can buy a fractional stock with $1 and pay no current Cash App Investing commission.

That simplicity has limits.

The platform does not currently offer the breadth of a full-line broker.

The $75 outbound stock-transfer fee is meaningful.

The carrying-broker migration also makes account-rule descriptions more complicated than the app interface suggests.

The most important distinction is still bitcoin:

Cash App Investing is the securities broker. Cash App's bitcoin service is separate and is not SIPC or FDIC protected.