It says The platform enables its customers to buy and sell U.S. listed stocks and ETFs with zero commission. Just wondering if it is good for a day trader?
Is Robinhood good?
- Thread starter aqtrader
- Start date
Ask how does the brokerage makes money or afford to pay for the broker/dealer license in all 4 exchanges? or pay for office rent and data fees etc. and most important the 100 employees at the brokerage firm answering your questions. and opening and closing your account?
Brokers get paid market maker referral fees or order flow fees or rebates
Brokers get paid market maker referral fees or order flow fees or rebates
for futures it's no more than $5/round trip.
also, for there is no privacy, in your trades if you read the terms and conditions of your account. your trading data or profit/loss is sold and available to the SEC if requested or could be sold or data stolen..etc. no privacy. and the brokers monitor all profitable traders and client accounts especially the ones who are profitable. they'll steal or copy your trading algorithms if it's profitable.
also, for there is no privacy, in your trades if you read the terms and conditions of your account. your trading data or profit/loss is sold and available to the SEC if requested or could be sold or data stolen..etc. no privacy. and the brokers monitor all profitable traders and client accounts especially the ones who are profitable. they'll steal or copy your trading algorithms if it's profitable.
if you have to worry about commissions and cost of data,,you shouldn't be daytrading. commissions is cost of business. if you are losing money in the 'business' close shop..that is capitalism and get out of the business or industry. do yourself a favor and the economy a favor by not losing money.
18 posts and already you're telling folks how to live? lol
Check his other other thread, crying over a otc bb that delisted ( the cost of trading lol )
Lol in deed, my troll radar is going wild lol