Re:Stock-trading app Robinhood was rejected by 75 investors
by durkie on Sunday May 13, 2018 @05:15PM
(#17061084)
Who do you like that's cheaper? IBs margin rates max out around 2% in the US, which seems quite low.
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Re:Stock-trading app Robinhood was rejected by 75 investors
by vostok on Sunday May 13, 2018 @05:44PM
(#17061201)
The best tier is about 30bps over fed funds or libor, doesn't matter in the current environment. I've seen better from major banks.
This is on top of the other downsides that I mentioned.
It would be fine if the financing terms were worse, but everything else was better as long as your total costs are lower.