Stock-trading app Robinhood was rejected by 75 investors

Re:Stock-trading app Robinhood was rejected by 75 investors by dmcy22 on Sunday May 13, 2018 @06:36PM (#17061389)

As a Robinhood user, no fees is a big draw because while I don't buy/sell stocks that often, I might still be saving $50 a year. That extra $50 can be invested.

But beyond that, Robinhood has a really easy to use UI compared to platforms like TDAmeritrade. It's not only much easier to make trades but also see information like how much dividends I've earned, whether a company has hit their earnings, etc.

Robinhood also lets me invest any money I transfer from my bank immediately. There's no 3-5 business day wait. That said, I'm not sure if this is feature available to everyone or only those on Robinhood Gold.

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Re:Stock-trading app Robinhood was rejected by 75 investors by AdamM12 on Sunday May 13, 2018 @07:16PM (#17061550)

Same here. I'm only putting in a couple hundred a month right now so 2 x 7 x 12 = $168 and that would eat up much of the returns. I buy and hold dividend paying ETFs. I am not on gold and they gave me instant deposit. I think they give it to you after a while once it becomes obvious you aren't a fraudulent player. I'd like to move to IB given the significantly lower margin % but the fees would kill me. Robinhoods margin is 6%.

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