Re:Robinhood to pay $70M for 'systemic supervisory failures'
by zzt123 on Wednesday June 30, 2021 @04:51PM
(#27693305)
Maybe I’m wrong and there’s a better company that offers this, but the reason I use RH is so that I can trade both cryptos and regular securities out of the same account, with 0-day settlement on trades (without opening a margin account) since every RH account is an implicit margin account.
I also like the instant deposits that scale with account size.
RH’s trading hours for securities is more limited than anyone else, but I don’t find myself trading outside of those hours anyways.
I also don’t like their naive tax accounting and don’t expect them to handle wash sales properly, which are two very big negatives, but I haven’t found a better broker for my main use case.
I also like the instant deposits that scale with account size.
RH’s trading hours for securities is more limited than anyone else, but I don’t find myself trading outside of those hours anyways.
I also don’t like their naive tax accounting and don’t expect them to handle wash sales properly, which are two very big negatives, but I haven’t found a better broker for my main use case.