Re:Robinhood now valued at $11.2B with new fund backing
by subsubzero on Monday August 17, 2020 @01:17PM
(#24189321)
I would choose Schwab over Robinhood any day of the week. I used robinhood and its data/metrics with stocks was extremely lacking and un-sophisticated. In addition order fulfilled timing was slow, I would never trade large amounts of stock with the app. Its all showy UI and bright colors. Which is fine as it seems to be getting alot of users using that method and the idea of "why use your Dads/Moms trading stock trading platform"?
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Re:Robinhood now valued at $11.2B with new fund backing
by PascLeRasc on Tuesday August 18, 2020 @12:28AM
(#24195267)
I have a Schwab account, but it really bothers me that they're constantly trying to push their services like financial planning or investment advisors. Even if you look for target-date funds they'll hide the index one and push the expensive active ones. Compared to their website Robinhood is calm and minimalist, at least in my opinion.
Re:Robinhood now valued at $11.2B with new fund backing
by outworlder on Monday August 17, 2020 @05:41PM
(#24192517)
> I would choose Schwab over Robinhood any day of the week
Don't you have to prove to them that you actually know something about options before they let you trade? Robinhood... you check a box.
Re:Robinhood now valued at $11.2B with new fund backing
by wtf_is_up on Monday August 17, 2020 @05:50PM
(#24192608)
Not really. You ask for level 1-4 options trading and they have you select from a dropdown how many years experience you have. It gets approved quickly. I've done this on TDA, IBKR, Merrill Edge.
Re:Robinhood now valued at $11.2B with new fund backing
by icedchai on Monday August 17, 2020 @06:44PM
(#24193142)
All brokerages are like that. Back in the early 2000's, when I first enabled options trading, I had to fill out a paper form. This was also mostly just checking a box. If you could put a stamp on an envelope, you were qualified to trade options.