Robinhood
vpr
Posts: 606 ✭✭✭
They're a new stock discount brokerage that offers 0 fee trading of stocks. SIPC insures your account up to $500K, so no risk that they will go belly up and take your money. Only issues I've noticed are that:
1. You can only trade on an iOS device.
2. You can only trade US listed stocks (on top of that, they don't seem to have access to some stocks. I couldn't find ABX).
The biggest benefit is that you can even buy 1 share at a time, since there are no commissions. I've been buying stocks 2-3 times a week and just averaging in.
They're currently in public beta, so you can't just sign up for an account. I got mine a month ago and have 3 invites. So, if you're interested in signing up, send me a PM. First 3 PMs get the invites.
1. You can only trade on an iOS device.
2. You can only trade US listed stocks (on top of that, they don't seem to have access to some stocks. I couldn't find ABX).
The biggest benefit is that you can even buy 1 share at a time, since there are no commissions. I've been buying stocks 2-3 times a week and just averaging in.
They're currently in public beta, so you can't just sign up for an account. I got mine a month ago and have 3 invites. So, if you're interested in signing up, send me a PM. First 3 PMs get the invites.
References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
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Doesn't this seem like quite a stretch? Just real skeptical here. It seems like a gambling arena set up because other revenue sources are drying up.
I knew it would happen.
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>For $7 a trade I'll stay at Fidelity. >>
Yeah, who knows where the next Madoff lies.