August 28, 2021
1. Do you have one or more online trading or investment accounts?
Yes, I have one or more accounts that I access both online using a computer and using a mobile app.
2. If your response to Question 1 is Yes, do you think you would trade or invest if you could not do so online using a computer or using a mobile app?
No
3. On average, how often do you access your online account?
Daily/more than once a day
4. On average, how often are trades made in your online account, whether by you or someone else?
Less often than once a month.
5. If you access your account online, did you have the account first, and only began to access it electronically later? Or did you open the account with the idea that you would access it electronically immediately?
I downloaded an app or visited a website first, and then opened up an account with the company
6. My goals for trading or investing in my online account are (check all that apply):
Save and grow my money for short-term goals (in the next year or two)
7. What would you like us to know about your experience with the features of your online trading or investment platform? (Examples of features are: social networking tools games, streaks, or contests with prizes points, badges, and leaderboards notifications celebrations for trading visual cues, like changing colors ideas presented at order placement or other curated lists or features subscription and membership tiers or chatbots.)
I do not take part in their giveaways or games and think the confetti after purchase is stupid. We are adults. I want fair pricing, not necessarily free trading, and know that my purchases are routed to the actual stock market and not parked at a wholesaler for profit.
8. If you were trading or investing prior to using an online account, how have your investing and trading behaviors changed since you started using your online account? (For example, the amount of money you have invested, your interest in learning about investing and saving for retirement, the amount of time you have spent trading, your knowledge of financial products, the number of trades you have made, the amount of money you have made in trading, your knowledge of the markets, the number of different types of financial products you have traded, or your use of margin.)
I have never traded directly before at age 46. Always felt that brokers were out to take money, not make money. Having online access has given me ability to invest, do my own research and be accountable for my own investing decisions.
9. How much experience do you have trading or investing in the following products (None, 12 months, 1-2 years, 2-5 years, 5+ years):
Stocks : 2-5 Years
Bonds : None
Options : None
Mutual Funds : None
ETFs : None
Futures : None
Cryptocurrencies : 2-5 Years
Commodities : 2-5 Years
ClosedEnd Funds : None
Money Market Funds : None
Variable Insurance Products : None
Business Development Companies : None
Unit Investment Trusts : None
10. What is your understanding, if any, of the circumstances under which trading or investing in your account can be suspended or restricted?
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
I would like to know exactly how my orders are processed, more transparency. I only want a level playing field since direct online access is new for retail. It is new and should be allowed to grow, not stifled because institutional investors dont like this new aspect of trading. Thank you for the survey opportunity. I feel the same about crypto investing - we should allow it to grow and not stifle because it does not fit into existing framework. Make a new framework that isnt base on Howey when there was no internet or decentralized blockchain projects. Tech changes, so should the rules. Update to fit the times instead of dragging the future down with outdated rules.