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Robinhood.io free stock trades brokerage service
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Robinhood.io free stock trades brokerage service

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

Robinhood.io free stock trades brokerage service

http://robinhood.io

$0 free commission stock trades

Backed by Google

If you've used this service please post a review.

Mike

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  #2 (permalink)
Quick Summary
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


Made CNN's home page

Robinhood trading app has 340,000 wait list - The Buzz - Investment and Stock Market News

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #4 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,659 since Feb 2012
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Robinhood - Waitlist

As of today:

135,417 People ahead of you
212,380 People behind you


Put google in the mix and this was bound to happen.

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  #5 (permalink)
Elite Member
North Bay
 
Futures Experience: Intermediate
Platform: NT, ToS, MulitCharts
Broker/Data: NT, TD
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Posts: 39 since Nov 2011
Thanks: 10 given, 9 received


iqgod View Post
As of today:

135,417 People ahead of you
212,380 People behind you


Put google in the mix and this was bound to happen.


Still in Beta, I'm getting closer... 15,943 of 466,494

https://www.robinhood.com/?ref=bPtwjE

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  #6 (permalink)
Trading Apprentice
Calgary Canada
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Futures
 
Posts: 23 since Aug 2015
Thanks: 10 given, 13 received

Robinhood and other brokers income model

Just a quick question for some with brokerage employment experience.

Robinhood states that they make money off the uninvested portion of customers accounts. As said are supposed to be held in segregated accounts outside the brokerages control, can anyone give me the SEC or other Law/Statute that allows a brokerage to generate interest on funds that have not been hypothecated to them by the cash owner?

Thanks in advance for all responses

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  #7 (permalink)
Trading Apprentice
Calgary Canada
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Futures
 
Posts: 23 since Aug 2015
Thanks: 10 given, 13 received

Based on additional response from Robinhood support, I've asked for clarification from their compliance/legal team...which I will forward when it becomes available. The answer may prove illuminating, when taken in context of a certain brokerage that traded and lost funds held in supposedly "segregated" accounts.

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  #8 (permalink)
Trading Apprentice
Calgary Canada
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Futures
 
Posts: 23 since Aug 2015
Thanks: 10 given, 13 received

No free lunch

So, quick summary of what I've learned:

There is, in essence, no such thing as a truly segregated account when you trade. Granted, the funds you put in a bank are (or aught to be) kept at arms length from the brokerage...but not from the bank itself, who plays with your money while the brokerage gets "a little taste for my beak" (The Godfather) for its own pockets from what the bank makes off your money.

While you are doing your level best to mitigate risk via money management in the markets, they are sweeping all of your unused funds to money market and other instruments that are neither insured against loss nor necessarily well managed. In point of fact, the banks themselves are entitled to use your own funds against any position you may take in any instrument. So much for being vigilant about brokers trading against you. So much for being concerned about HFT and "dark pools" (likely the banks operations through beards anyway).

That shows that while brokerages other than Robinhood make money from commissions, margin interest, and account money flow held by banks, Robinhood is only giving up one leg of the triangle (so far). This begs the question, what new shenanigans have their banks cooked up to replace that commission leg? There ain't no free lunch.

The real kicker? In the god-like wisdom of the criminally underfunded FDIC, should you refuse to allow your cash to be swept into these so-called "FDIC insured programs", your segregate cash account looses ALL FDIC protection (though not SPIC protection for product holdings within the account).

Likely the real reason for the boiler plate statement "significant risk of loss"? They ain't necessarily talking about loss your actions incur, but theirs.

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  #9 (permalink)
Big John
Kennesaw, GA/USA
 
Futures Experience: Intermediate
Platform: NT,TS
Broker/Data: AMP, CQG
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scrooge33's Avatar
 
Posts: 19 since Sep 2013
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Are there any differences between Robinhood and Loyal3?

So are there any particular differences between Robinhood and Loyal 3?

Most of what I've found is that Robinhood is an APP vs. Loyal3 being a Full Site. But I'm still investigating... Any findings would be awesome!


Happy Trading,

John

[/SIGPIC]
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  #10 (permalink)
Elite Member
seoul, Korea
 
Futures Experience: Intermediate
Platform: Multicharts
Broker/Data: CQG, DTN IQfeed
Favorite Futures: YM 6E
 
treydog999's Avatar
 
Posts: 894 since Jul 2012
Thanks: 291 given, 1,006 received


Anyone had any experiance with these guys. Am thinking of opening a stock only account. Was considering them because i am looking at swing trading stocks only. not a lot of turn over where i may incur fees like at IB

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