RobinHood gives 5% interest on uninvested cash!

[S2007S]

I doubt it would get cleared by the regulators, but I could be wrong b/c the buying of TD Ameritrade by Schwab was no problem at all, and TDA was/is even much bigger than HOOD.

Would be interesting to see the outcome if one made a bid for them.

I use them, I will say it has its pros and cons like any other broker.

2 pros is definitely the 24/7 trading on a group of stocks that I usually trade and second the options are a bit easier formatted to use vs other apps I have tried.

Cons

Cannot short stocks

And cannot edit trades once placed.

I could add more pros and cons but these are the ones for now.

 

[Quanto]

Would be interesting to see the outcome if one made a bid for them.

I use them, I will say it has its pros and cons like any other broker.

2 pros is definitely the 24/7 trading on a group of stocks that I usually trade and second the options are a bit easier formatted to use vs other apps I have tried.

Cons

Cannot short stocks

And cannot edit trades once placed.

I could add more pros and cons but these are the ones for now.

And: unfortunately currently (or still after even so many years) accepts US residents only...
I'm unfortunately residing in a european SHC regarding trading & brokerage firms; in this respect IMO even a 3rd World country... It's the DAX country...

 

[zdreg]

Cannot short stocks

And cannot edit trades once placed.

Those are big deficiencies for active traders but then again that is not the clientele they are trying to attract.

 

[Quanto]

Just learned from their website that not only stock trades are commission free (nowadays all brokers have $0 for stock trading), but now also options trading has become $0 per contract! (other brokers charge $0.65 per contract).

 

[zdreg]

Just learned from their website that not only stock trades are commission free (nowadays all brokers have $0 for stock trading), but now also options trading has become $0 per contract! (other brokers charge $0.65 per contract).

I will read it to seeif there are certain limitations

 

[Quanto]

I will read it to seeif there are certain limitations

The following is the link to their options page where the said $0 per commission is stated:
https://robinhood.com/us/en/about/options/
Let us know about your findings.

But their web site seems not to be maintained well as some links are broken/dead (for eample on the above page there is at left bottom a link to "Options", but which a) has the same URL like above, and b) but which now brings a 404 error!... Ie. SNAFU ):

 

[zdreg]

The following is the link to their options page where the said $0 per commission is stated:
https://robinhood.com/us/en/about/options/
Let us know about your findings.

Their web site seems not to be maintained well as some links are broken/dead (for eample on the above page there is at left bottom a link to "Options", but which a) has the same URL like above, and b) which now brings a 404 error... Ie. SNAFU ).

Thanks.
Incredible. The co. is worth billions and refuses to have a perfectly functioning website.
Recall how they screwed their customers who were trading meme stocks.

 

[Quanto]

Oops, had a silly typo: "$0 per commission" Of course was meaning "$0 per contract"

 

[murray t turtle]

Those are big deficiencies for active traders but then again that is not the clientele they are trying to attract.

%%
LOW price for a stock\
that far from an IPO, maybe get bought out.
barchart.com has 56% buy on IBKR \ HOOD; 72% on SCHW.
But SCHW+ IBKR are nice on price. NOT a stock tip or hoodlum or Big hoodie fan

 

[AlgoTrading1]

There are tons of companies offering high interest on idle cash... AMEX PS, etc