[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/dough-review\/#Article","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/dough-review\/","headline":"Dough.com Review: Now Defunct","name":"Dough.com Review: Now Defunct","description":"Note: On October 29, 2021, Dough shut down.\u00a0 It is no longer a trading...","datePublished":"2021-03-17","dateModified":"2022-12-05","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Dough.com-Review.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Dough.com-Review.png","height":460,"width":1900},"url":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/dough-review\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=Y28NuHC1DQA#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=Y28NuHC1DQA","name":"Dough.com Review | Investing App Pros + Cons | Who It's Good For","description":"In this video,  I\u2019m reviewing the Dough investing app, which I mentioned in my video about where to get free stocks. In this Dough review I'll show you how the app works, its features, tell you the pros and cons of Dough, and finally tell you who I think the Dough app is good for (and who it's not good for).\n\n\u27a1\ufe0f Get Free Stock With Dough: https:\/\/moneydoneright.com\/dough\/\n\nCool Stuff:\n\ud83c\udfe1 Free Mortgage Refi Rates: https:\/\/moneydoneright.com\/credit-karma-home-mortgage\/\n\u26b0\ufe0f Free Life Insurance Quotes: https:\/\/moneydoneright.com\/quotacy-life\/\n\ud83d\udcb5 Free Personal Loan Quotes: https:\/\/moneydoneright.com\/fiona\n\u26fd Get Cash Back on Gas: http:\/\/go.moneydoneright.com\/getupside\n\ud83d\udcbb Get Cash Back on Online Shopping: https:\/\/moneydoneright.com\/rakuten\/\n\ud83d\uded2 Get Cash Back on Groceries: https:\/\/moneydoneright.com\/ibotta\n\nVideos:\n\ud83d\udcc8 11 Places to Get Free Stocks: https:\/\/youtu.be\/g2PNE74eyks\n\ud83d\udcb3 Best Credit Cards For 2021: https:\/\/youtu.be\/3EYNsjjVOTw\n\ud83d\udce6 7 Ways to Get Free Stuff: https:\/\/youtu.be\/o7CaiOPMhhA\n\ud83d\ude80 Review of My Favorite Stock Broker: https:\/\/youtu.be\/XNMhp9xeNq8\n\ud83d\udcb0 Free Millionaire Math Webinar: https:\/\/loganallec.com\/\n\ud83d\udc6a Our Family Vlog: https:\/\/youtube.com\/TheAllecFamily\n\nPrograms (Use Coupon Code YOUTUBE for 50% Off!)\n\ud83c\udf93 The Money Course (Paid): https:\/\/www.loganeducation.com\/offers\/FUmjEuPB\/checkout\n\n#news #stimulus #stimulusupdate","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/Y28NuHC1DQA\/default.jpg","https:\/\/i.ytimg.com\/vi\/Y28NuHC1DQA\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/Y28NuHC1DQA\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/Y28NuHC1DQA\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/Y28NuHC1DQA\/maxresdefault.jpg"],"uploadDate":"2021-03-15T17:26:15+00:00","duration":"PT7M34S","embedUrl":"https:\/\/www.youtube.com\/embed\/Y28NuHC1DQA","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA#Organization","url":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA","name":"Logan Allec","description":"Logan Allec is a CPA and the founder of Choice Tax Relief, which specializes in helping people with their IRS and state tax debt.","logo":{"url":"https:\/\/yt3.ggpht.com\/43_VKqrbO06RGMcxfdQbDXosrkVRq1yf5QgSQEiR4ILUGWV9fJtTh0o2ftYMYqVo6PwnEOPRdg=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=Y28NuHC1DQA#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=Y28NuHC1DQA#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=Y28NuHC1DQA&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=Y28NuHC1DQA#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":2411}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=Y28NuHC1DQA#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":128}]},"about":["Stocks"],"wordCount":1061,"keywords":["schema"],"articleBody":"Note: On October 29, 2021, Dough shut down.\u00a0 It is no longer a trading platform.\u00a0 This article remains published as a historical artifact.Dough is an investment app founded in 2018 by Victor Jones, who was the former director of trading and operations at T.D. Ameritrade.In his first post on the Dough blog, Victor lays out his manifesto by pointing out the that 160 million Americans play the lottery but only 54 million invest.He also points out that we\u2019ll spend five and a half years of our lives, on average, on social media but spend hardly any time investing for the future, and so his goal with Dough is to be the \u201ctall, good-looking, 140-plus-IQ\u201d investing app.Jones wants to have at least one million Dough users by 2023.So that\u2019s a lofty goal, but how does Dough measure up?In this Dough.com review, I’ll tell you how Dough works, its pros and cons, who it’s good for, and who it’s not good for.Dough Review VideoDough App OverviewThe Dough interface is actually pretty simple.You can follow along starting at the 1:23 mark in my Dough Review Video.Dough Home ScreenWhen you open the app you are greeted by the home screen, which basically has a chart of your portfolio\u2019s performance.Above that you see your account balance, how your account performed the previous day, and how much cash you have available to trade.If you have any free stock rewards from referrals you\u2019ll see that underneath the chart, and then if you scroll down to the bottom of the home screen,\u00a0 you\u2019ll see the stocks you\u2019ve invested in.Note that the stocks you see in this image are not recommendations; they are simply the free stocks I have been given from Dough.Buying a Stock in DoughTo buy a stock in Dough, you click the magnifying glass in the upper right, search for a stock symbol, click it, and then at the bottom click Buy, put your limit price, the number of shares, when the order is good until (canceled or end of day), and then at the bottom of the screen you swipe right to complete your purchase.Dough NewsfeedIf you were to click the magnifying glass and not type a symbol at the top, you will see the Dough newsfeed.This newsfeed shows you your recently-searched securities at the top, and under \u201cWhat\u2019s Moving\u201d you see stocks with big prices increases or decreases today.There are also a lot of links to Dough\u2019s YouTube videos.\u00a0 You can click one of the videos and watch it in the app.Dough SettingsIf you go back to the home screen and click the hamburger menu in the upper left, you\u2019ll see the basic other functionalities in Dough.Here’s where you can transfer funds to move cash in and out of Dough.History is just your account history.\u00a0 You can see your transfers, stock purchases, and sales.Documents is where your monthly statements, trade confirmations, and tax documents live.Support has an FAQ as well as a support chat function.In settings, you can change if you want it in dark mode which is the default or light mode or light mode when the market is open and dark mode when it\u2019s closed.There are also some other options for more advanced trading features, including Dough Premium.Dough PremiumDough Premium is basically margin trading, which basically means borrowing funds from Dough to buy even more stock than you could buy just with the cash you have.You become eligible for this once your account balance reaches two thousand dollars or above, and at that point you have two-to-one buying power.Margin rates range from five percent to eight percent depending on how much you borrow.Keep in mind that investing carries inherent risks, and borrowing to invest simply amplifies those risks as well as of course your potential for reward.Dough Pros and ConsLet\u2019s just go over some pros and cons quickly as we wrap up this Dough.com review.Dough ProsDough is free.\u00a0 But like I mentioned above, that\u2019s pretty much standard fare these days.The interface is simple and easy-to-use.\u00a0 Dough doesn\u2019t weigh you down with a ton of bells and whistles, but on the other hand some might find it too simple, as I\u2019ll discuss in the cons.Dough has no minimum balance.You get a free stock for joining.Dough ConsIRAs are not supported at this time.\u00a0 The only kind of account you can open at Dough is currently a taxable brokerage account.Dough has no desktop version.\u00a0 I know some people they for whatever reason just like to do their investing on desktop, so if that\u2019s you, Dough may not be the app for you.\u00a0 You can’t even open up an account on desktop at this time.Dough offers limited market data and research tools. If you\u2019re accustomed to other platforms that have stock screeners, fund screeners, and in-the-moment stock data for your watchlist all there on your computer screen, then unfortunately you won\u2019t find that at Dough.\u00a0 Part of this is due to the fact that Dough currently has no desktop version, as mentioned previously in this list.Dough SummarySo at the end of the day, if you\u2019re just looking for a basic trading app — you don\u2019t need all the charts, you don\u2019t need all the bells and whistles, and you want a free stock — Dough gets the job done.Probably the closest competitors to Dough in terms of similarities are Webull and Robinhood, and if I’m being honest, Dough is simply not as robust as Webull.And unlike both Webull and Robinhood, Dough doesn\u2019t offer desktop trading.That said, I know there are people out there who don\u2019t like Robinhood because of recent negative publicity and there are people who kind of shy away from Webull because it has Chinese ownership.So if you have basic trading needs and you don\u2019t want to feed the Webull and Robinhood machines — or you just want to support the little guy here — then sure, create a Dough account, get that free stock, make a deposit into Dough, and start investing."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Passive Income","item":"https:\/\/moneydoneright.com\/passive-income\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Stock Investing","item":"https:\/\/moneydoneright.com\/passive-income\/\/stock-investing\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"Dough.com Review: Now Defunct","item":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/dough-review\/#breadcrumbitem"}]}]