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> Their 'default' order price is a market order that they promise will not clear until after hours or the next day. Isn't this only true for the non-paying use
by krn 8y ago
> Their 'default' order price is a market order that they promise will not clear until after hours or the next day.
Isn't this only true for the non-paying users, who are not subscribers of their premium plan? That's probably their entire (freemium) business model. It's the same with Revolut: free users might lose more money in foreign exchange and withdrawal fees, which pushes them to upgrade[1].
[1] https://www.revolut.com/pricing https://www.revolut.com/pricing
- tptacek 8y agoEven if you pay them $10/mo (whether you trade or don't, and keeping in mind that most people shouldn't be trading most months!), they still charge you for "instant" orders (the kind they don't delay purposely) in the one market they actually execute orders in. Robinhood seems like a better deal.
- krn 8y agoThat's a good point. It's hard to compare a crowdfunded company with a one burning through more than 500 mln USD in VC funding. But I see no reason why people shouldn't be increasing their passive portfolios every month if they can. And with many brokers, $10 is around a minimum commission for a single trade.
- tptacek 8y agoWe are commenting on a thread about a brokerage with substantially lower fees than that.
- riser9 8y agoNo, they don't. https://freetrade.io/pricing/ https://freetrade.io/pricing/
- tptacek 8y agoYes, they do? What I misreading about this pricing page?