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I can't wait to access their web/desktop version! Phone has been nice. As far as monetization goes, even if robin hood was $5-10/month it'd still be fun for a

I can't wait to access their web/desktop version! Phone has been nice. As far as monetization goes, even if robin hood was $5-10/month it'd still be fun for a beginner investor like myself, i just dread the idea of per-trade fees on my single-stock purchases.

chrisabrams 9y ago
You do realize you pay fees it’s just baked into the price? It’s pretty impressive how they’ve worked it out.
- lawrenceyan 9y ago
  That's only true in the most technical of senses. Yes, there is a spread, but other brokerages take a spread AND additionally charge you another fee on top of that which is often an outrageous $5-10.
  - jonknee 9y ago
    That outrageous $5-10 probably helps the average person make money in the long run by not overtrading.
  - nerfhammer 9y ago
    depends, how big is the spread?
    - lawrenceyan 9y ago
      The spread is generally on the order of a cent.
    - Blackthorn 9y ago
      The same as literally any other brokerage.
- bobcostas55 9y ago
  Not really, just because they're selling order flow doesn't necessarily mean the customer gets a worse deal. Robinhood still has to follow reg nms, they have to fill you at the NBBO.
  - nicholas73 9y ago
    But is their NBBO worse than other firms (worse routing options)?
    - Blackthorn 9y ago
      That's literally a contradiction. Look up what NBBO actually means.
      - wocram 9y ago
        It's actually more complicated, nbbo governs quotes but there are a few other things that affect your actual trade price such as exchange fees and price improvement. For example, every exchange can have the same quote, but a different liquidity fee.
sagiv6 9y ago
There's a free open source desktop version already available: https://www.stockstalk.club https://www.stockstalk.club
yalla 9y ago
You already have a desktop version of Robinhood available as an open source - http://bit.ly/2FJXl7b http://bit.ly/2FJXl7b
betterworldb 9y ago
Web / desktop version is out in the beta. You can signup to get on the waitlist here: https://robinhood.com/#web https://robinhood.com/#web

chrisabrams 9y ago

You do realize you pay fees it’s just baked into the price? It’s pretty impressive how they’ve worked it out.

lawrenceyan 9y ago
That's only true in the most technical of senses. Yes, there is a spread, but other brokerages take a spread AND additionally charge you another fee on top of that which is often an outrageous $5-10.
- jonknee 9y ago
  That outrageous $5-10 probably helps the average person make money in the long run by not overtrading.
- nerfhammer 9y ago
  depends, how big is the spread?
  - lawrenceyan 9y ago
    The spread is generally on the order of a cent.
  - Blackthorn 9y ago
    The same as literally any other brokerage.
bobcostas55 9y ago
Not really, just because they're selling order flow doesn't necessarily mean the customer gets a worse deal. Robinhood still has to follow reg nms, they have to fill you at the NBBO.
- nicholas73 9y ago
  But is their NBBO worse than other firms (worse routing options)?
  - Blackthorn 9y ago
    That's literally a contradiction. Look up what NBBO actually means.
    - wocram 9y ago
      It's actually more complicated, nbbo governs quotes but there are a few other things that affect your actual trade price such as exchange fees and price improvement. For example, every exchange can have the same quote, but a different liquidity fee.

sagiv6 9y ago

There's a free open source desktop version already available: https://www.stockstalk.club https://www.stockstalk.club

yalla 9y ago

You already have a desktop version of Robinhood available as an open source - http://bit.ly/2FJXl7b http://bit.ly/2FJXl7b

betterworldb 9y ago

Web / desktop version is out in the beta. You can signup to get on the waitlist here: https://robinhood.com/#web https://robinhood.com/#web