Anyone trying out Robinhood.io

[Suspicious-Teach8788]

It's a new brokerage offering $0 trades. I'm certainly skeptical because the big names like Schwab and Fidelity can execute trades rapidly. I'm not sure if Robinhood can afford to do so?

It's free to sign up, so why not?

But of course like every new hip tech startup I do have my doubts.

• Long term profit? It's likely this is another startup that will face monetization challenges and have to make up for its $0 trades some way that pisses off users.
• Reliability? On volatile days, I can count on Schwab, but who knows if Robinhood will be as reliable in terms of trade execution speed and quoting delay.

the last time someone tried this (Zecco), they ended up getting bought out and now you have to pay per trade too, but maybe this company knows something we don't? After all it is backed by Google and Horowitz


Anyway, for those curious, feel free to use my link or not. I don't care. https://www.robinhood.io/


I'm more interested in what you guys think?

Sorry man, no referrals.
-ViRGE

 

[rudder]

Sounds legit... And you get a free iPod also!

 

[jaedaliu]

You should take your referral link out. The mods will do it for you when they see it. Unless you're trolling for an infraction.

I think they're robin hooding the rich (you) and giving to the poor (themselves)

 

[Printer Bandit]

Not ending in .com is shady.

 

[Captante]

Not clicking.

 

[SagaLore]

Not ending in .com is shady.

.io domains are trendy right now.

 

[gorcorps]

You should take your referral link out. The mods will do it for you when they see it. Unless you're trolling for an infraction.

I think they're robin hooding the rich (you) and giving to the poor (themselves)

truth fact

no referral links period, even if you say it's a referral

get that shit outta here OP

 

[Sinsear]

I'm gonna click your referral link, just because i know it pisses everyone else off

 

[HardcoreRobot]

i tried to sign up for early access in the past. didnt work. still doesnt' work, i submit email and all it does is give me an exclamation mark with no explanation... quickly losing any appeal it might have had...

 

[halik]

120K people ahead of me, doh

 

[Thump553]

Unless you are a day trader, since the 1980s or so commissions are an insignificant expense-unless you are dealing with almost trivial amounts of stock. In my most active trading years I doubt I spent more than a few hundred dollars total in commissions.

You should be extremely concerned about the security of your account, both in a technical website way and as far as brokerage insurance goes. I'll stay awy until they prove themselves.

OTOH if you are a daytrader maybe it's worth a flyer. But as far as daytrading goes, just gathering all your cash in a big pile and burning it is a more efficient and less stressful way of getting rid of it.

 

[DesiPower]

0 dollar trades have been around for a while now, its not new concept. Down sides generally are, slower execution and frustrating and slow process of taking money out.