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If the desire is to fill index-type ETFs at the market price, yeah, Robinhood is probably not smart. Vanguard is simply better for that. I wonder how the fills
by icelancer 9y ago
If the desire is to fill index-type ETFs at the market price, yeah, Robinhood is probably not smart. Vanguard is simply better for that. I wonder how the fills are at limit stops? Slower? Don't know who they clear through.
Robinhood seems like a great fit for the person who has maxed a Roth and wants a brokerage to hold on to ETFs across low-ER providers, like Charles Schwab and iShares ETFs + Vanguard ETFs as they accumulate capital.
Beyond that I can't see using it for trading or anything. If I was slanging options or speculating long/short through retail brokers, I'd be doing it on Interactive Brokers and nowhere else. (And yes, I know Robinhood doesn't do short-side work.)