Commission-free broker with API and direct-access

[kubilai]

Anyone heard of this new broker? It's not public yet, though looks like a industry-changer. Wonder if there are any hidden risks and pitfalls for you old industry-gurus out there.

https://www.robinhood.io/

 

[jeb9999]

I see nothing on their website about direct access.

They make money by selling customer order flow and/or keeping rebates.

You still have to pay regulatory fees.

They use Apex clearing.

No big deal.

 

[promagma]

It says one way they will make money is by having a paid API. Available now to some beta testers, apparently. I inquired about it, maybe a month ago, but didn't hear back.

 

[Bob111]

+1 on direct access. It also not clear to me what exactly they mean by trading via web in their schedule. 0 comm if you trade via web or mobile device.

 

[punter]

market orders lol

 

[Keith Leesus]

I am looking for a good API that can handle Equity and Options. Any help

 

[xandman]

If you believe in conspiracy theories, all these new low commission brokers are being setup to limit the liability of big firms....while they fleece us with HFT shennanigans.