31–40 of 56 posts
Earlier quoted context omitted.
I don't think there is another broker with zero commission options trading is there? That seems like a big reason for a lot of people
Not sure about others but Ameritrade is charging $.65 per option trade and that's almost nothing - https://www.tdameritrade.com/pricing.page
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
I can't speak for the size or amount of users, but definitely it had an impact.
Earlier quoted context omitted.
I moved away but not because of the GME/liquidity issues but rather their handling of 1099 tax information the last two years has been terrible (delayed, altering website to cover up their delays, and corrected both years). It is just unprofessional. Plus they only offer "First In, First Out" stock sales which can have absolutely MASSIVE tax implications. Most real brokers offer FIFO, LIFO, and most importantly speci…
I don't get this fascination with their UI. The charts are terrible (other than looking cool) and the current holdings list sucks. It is as if it is written for people allergic to information density.
Earlier quoted context omitted.
I moved away but not because of the GME/liquidity issues but rather their handling of 1099 tax information the last two years has been terrible (delayed, altering website to cover up their delays, and corrected both years). It is just unprofessional. Plus they only offer "First In, First Out" stock sales which can have absolutely MASSIVE tax implications. Most real brokers offer FIFO, LIFO, and most importantly speci…
I don't get this fascination with their UI. The charts are terrible (other than looking cool) and the current holdings list sucks. It is as if it is written for people allergic to information density.
High information density has a place, but when it directly results on me needing two different screens to get the information I need on one screen then it is a real problem. For example my regular broker's order flow requires me to have two tabs, one to order, and one to show my existing position's cost basis. That's broken.
I think the situation speaks more to just how terrible existing broker's UI/UX is, rather than RH inventing something novel. They just make an interface that was basically solid, which is oddly rare for brokers.
Google's homepage has better stock charts than my regular broker for example (and RH's charts are better than Google's).
You don't actually take possession of the coin - no wallet, etc, purely custodial. But saves the 3.5% bitcoin fee from Coinbase!
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
I would guess they gained more users than they lost. The outrage was real and obviously some users left, but at the end of the day most people will still use whatever platform is easiest and cheapest for them.
Earlier quoted context omitted.
I moved away but not because of the GME/liquidity issues but rather their handling of 1099 tax information the last two years has been terrible (delayed, altering website to cover up their delays, and corrected both years). It is just unprofessional. Plus they only offer "First In, First Out" stock sales which can have absolutely MASSIVE tax implications. Most real brokers offer FIFO, LIFO, and most importantly speci…
I don't get this fascination with their UI. The charts are terrible (other than looking cool) and the current holdings list sucks. It is as if it is written for people allergic to information density.
I'm all for information density, but using Schwab, Vanguard, whatever results in slow to load pages which refresh every time I click a button. Half the pages look completely different than the other half of the pages, I use ctrl-f to find any buttons to click, and sometimes pages just don't load because they don't feel like it.
Banking websites are horribly broken and outdated on a technical level, even if I don't consider the design aesthetic.
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
I would guess they gained more users than they lost. The outrage was real and obviously some users left, but at the end of the day most people will still use whatever platform is easiest and cheapest for them.
Earlier quoted context omitted.
I would guess they gained more users than they lost. The outrage was real and obviously some users left, but at the end of the day most people will still use whatever platform is easiest and cheapest for them.
Wait why are you assuming they gained more than lost? OP also mentioned that other places have $0 trades anyway in terms of the cheapness.
I am interested to know what percentage of their user base they lost after the past few months. I know I personally cancelled my account with Robinhood, but I don't know if I'm in the minority or not. I just don't see the point of them anymore. Once the other trading platforms started offering $0 transactions, I saw way less value in Robinhood - then, following that, the argument was "fractional shares", which many o…
Probably a small but not insignificant loss. I don't think the WSB / Memestock users are the majority of the platform. For a lot of people I know RH still has the best feeling UX and easiest access for simple investing. I think they're fine but if pessimism means the stock takes a haircut or dive when it starts trading I'm going to buy-in. There really is not a similar investing app that appeals to the Gen-Z / Millen…
$0 fees have been commonplace for a few years now.