OK, maybe it is not available to Swiss residents yet.
Has anyone used this? Is it good? What's the catch?
Do they trade on the actual exchange, or do they trade via some private platform where spreads are increased?
Wasn't the legendary Robin Hood based in Nottingham's Sherwood Forest and with a motto of "take from the rich and give to the poor".
I'm not sure how that translates into a business model for an online stock broker, but it doesn't inspire confidence.
Robin Hood is a legit business that has been around since 2013 I think. They make money by paying 0% interest on any cash you have with them. As a reward you pay no commissions on trades.
The name is robin hood because they appeal to people without huge sums of money who maybe would buy $100 worth of a stock but would have paid $6-10 at a different online broker.
they also have "premium" accounts for $6 a month.
Interest rates in the US are currently much higher than what we have in Europe, so they make money off that.
it's been dubbed the stock broker for millennials!
interesting that i saw some stats released from it which shows divergent trading behaviour between the under 30s and over 30s.
it seems that there can be quite different views on certain stocks at certain times which correlate with age.
I don't find that surprising and would expect such differences to exist between other age groups as well.
In many cases product popularity is age-related, especially if a specific age group is targeted. If you're fond of a product you're (much more) likely to think the company is a good investment.
Plus, I'd expect older folks to be more skeptical about the latest "best new thing" in general.
They say
Couldn't find what their safe custody fees are. If they have them.
Robinhood make money by selling their client orders to institutions to ‘interact with’ eg. Trade against
Looks interesting. Seems they also make money on interest on your held cash and on keeping interest from your stocks borrowed by shorts.
I actually make more money from IBKR from cash interest than I pay in commissions at the moment.......1 dollar commissions and I don't trade much
And IB makes even more money off of you loaning that cash to other margin traders.
That's fine with me