Re:Stock-trading app Robinhood was rejected by 75 investors
by vostok on Sunday May 13, 2018 @04:29PM
(#17060886)
It's expensive in literally every way from commissions to margin rates.
I meant swaps specifically. I know that they offer margin trading.
Re:Stock-trading app Robinhood was rejected by 75 investors
by __blockcipher__ on Sunday May 13, 2018 @05:26PM
(#17061138)
That’s just false. Commissions, rates, etc are rock bottom.
However you will be charged at least $10 per month regardless of transactions, unless you have >$100k with them.
Or were you saying specifically their swaps are expensive?
I assume you mean "trading on margin". Swaps are custom contracts and not something average people are doing. IB definitely supports trading on margin and has one of the lowest rates around to do so.
IB is definitely the choice for someone who wants to have real market access and tools at their fingertips.