Robinhood is on the path to IPO and is searching for a CFO
- Thread starter ajacobson
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I understand that TSLA's CAO -- former Seagate CFO -- has largely freed up his schedule... 
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Has anyone use robinhood? Is it a good brokerage? I don't understand how they can have commission free trades.
I opened my first iron condor with Robinhood a couple of days ago. It took about a week for them to set up my account, but the delay might have been due in part to the fact that my credit was frozen. I used their web site, not their app on a mobile device. So far, so good. Each of the 4 legs on the iron condor was 50 contracts, and my net cost for the transaction was 22 cents. As to how they make money, the explanation I read everywhere is that they earn interest on their clients' money.
No, they sell your order flow. That is why many times your execution is so crappy.
Ignorance is bliss.....save a few pennies on commission, lose a few dollars on execution.
Did you know that Century Link owns the Internet?
What is wrong with a company relying on its income from third parties?
They are regulated to quote you the same price as everybody else.
As Robinhood investors you are buying fractional shares and the bad fill prices are absorbed by your long-term hold. You are not trading for a living.
ES
What is wrong with a company relying on its income from third parties?
They are regulated to quote you the same price as everybody else.
As Robinhood investors you are buying fractional shares and the bad fill prices are absorbed by your long-term hold. You are not trading for a living.
ES