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A comment on Robinhood now valued at $11.2B with new fund backing. Parent comment

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.

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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.
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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.
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