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A comment on Stock trade app Robinhood raising at $5B+, up 4X in a year.

Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by kylehotchkiss on Thursday March 15, 2018 @08:40PM (#16597742)
I 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.

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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by chrisabrams on Thursday March 15, 2018 @08:52PM (#16597792)
You do realize you pay fees it’s just baked into the price? It’s pretty impressive how they’ve worked it out.
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by bobcostas55 on Thursday March 15, 2018 @08:56PM (#16597807)
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.
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by nicholas73 on Thursday March 15, 2018 @09:19PM (#16597897)
But is their NBBO worse than other firms (worse routing options)?
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by Blackthorn on Thursday March 15, 2018 @11:33PM (#16598401)
That's literally a contradiction. Look up what NBBO actually means.
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by wocram on Friday March 16, 2018 @12:07AM (#16598550)
It's actually more complicated, nbbo governs quotes but there are a few other things that affect your actual trade price such as exchange fees and price improvement.

For example, every exchange can have the same quote, but a different liquidity fee.

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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by lawrenceyan on Thursday March 15, 2018 @08:55PM (#16597802)
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.
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by jonknee on Thursday March 15, 2018 @09:05PM (#16597835)
That outrageous $5-10 probably helps the average person make money in the long run by not overtrading.
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by nerfhammer on Thursday March 15, 2018 @09:23PM (#16597909)
depends, how big is the spread?
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by lawrenceyan on Thursday March 15, 2018 @10:53PM (#16598228)
The spread is generally on the order of a cent.
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by Blackthorn on Thursday March 15, 2018 @11:34PM (#16598410)
The same as literally any other brokerage.
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by betterworldb on Friday March 16, 2018 @01:33PM (#16602338)
Web / desktop version is out in the beta. You can signup to get on the waitlist here: https://robinhood.com/#web
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Re:Stock trade app Robinhood raising at $5B+, up 4X in a year by yalla on Thursday March 15, 2018 @10:43PM (#16598184)
You already have a desktop version of Robinhood available as an open source - http://bit.ly/2FJXl7b
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