Re:Robinhood CEO, Reddit Co-Founder and Others Testify on Ga...
by 1helloworld1 on Thursday February 18, 2021 @02:29PM
(#26184341)
I don't know if people have already forgotten, but it used to cost 5$ - 10$ per trade to buy stocks before robinhood came along. For better or worse, they made trading cheaper and much easier for newcomers. Brokerages like TD Ameritrade, E-Trade, Schwab used to charge outrageous fees for trades, but still sold the order flows.
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Re:Robinhood CEO, Reddit Co-Founder and Others Testify on Ga...
by heliodor on Thursday February 18, 2021 @03:35PM
(#26185148)
Seems that you get a slightly worse price in exchange for the lack of the $5 trade fee: https://www.google.com/amp/s/www.wsj.com/amp/articles/why-fr...