Stock trade app Robinhood raising at $5B+, up 4X in a year
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Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#2Sounds like we should have invested in Robinhood instead of buying stock from them.
Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#3I can't wait to access their web/desktop version! Phone has been nice.
As far as monetization goes, even if robin hood was $5-10/month it'd still be fun for a beginner investor like myself, i just dread the idea of per-trade fees on my single-stock purchases.
Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#4They're enabling crypto trading for millions too. This is big.
Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#5I can't wait to access their web/desktop version! Phone has been nice. As far as monetization goes, even if robin hood was $5-10/month it'd still be fun for a beginner investor like myself, i just dread the idea of per-trade fees on my single-stock purchases.
You do realize you pay fees it’s just baked into the price? It’s pretty impressive how they’ve worked it out.
Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#6My biggest issue is their customer support. Downloaded the app, went through all the sign up information, used an affiliate link so I should get one free random stock. Never heard anything. My account was never activated.
After 2 months of waiting I emailed support, and they said my account raised a flag and that's that. Nothing more I can do.
With Capitol One Investing going away I wanted to send my portfolio over.
Stock trading shouldn't have the same customer support issues Google is known for.
Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#7I can't wait to access their web/desktop version! Phone has been nice. As far as monetization goes, even if robin hood was $5-10/month it'd still be fun for a beginner investor like myself, i just dread the idea of per-trade fees on my single-stock purchases.
You do realize you pay fees it’s just baked into the price? It’s pretty impressive how they’ve worked it out.
That's only true in the most technical of senses. Yes, there is a spread, but other brokerages take a spread AND additionally charge you another fee on top of that which is often an outrageous $5-10.
Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#8I can't wait to access their web/desktop version! Phone has been nice. As far as monetization goes, even if robin hood was $5-10/month it'd still be fun for a beginner investor like myself, i just dread the idea of per-trade fees on my single-stock purchases.
You do realize you pay fees it’s just baked into the price? It’s pretty impressive how they’ve worked it out.
Not really, just because they're selling order flow doesn't necessarily mean the customer gets a worse deal. Robinhood still has to follow reg nms, they have to fill you at the NBBO.
Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#9Cryptocurrency trading is very volatile, speculative and un-regulated.
RobinHood is aggressively going after the young and naive "investors" who will quickly be parted from their money.
Obligatory Tweet: https://twitter.com/robinhoodapp/status/756262680537759744
Re: Stock trade app Robinhood raising at $5B+, up 4X in a year
#10My biggest issue is their customer support. Downloaded the app, went through all the sign up information, used an affiliate link so I should get one free random stock. Never heard anything. My account was never activated. After 2 months of waiting I emailed support, and they said my account raised a flag and that's that. Nothing more I can do. With Capitol One Investing going away I wanted to send my portfolio over.…
Hello fellow Capital One Investing refugee. I too was thinking about moving my portfolio over to Robinhood, but they'll need a web app before I'll make the jump. I'd say I'm only a semi-active trader (maybe 2-3 trades a day) and it's still hard to envision doing that on a mobile device.