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Robinhood gets almost half its revenue selling orders to high-frequency traders
- icebraining 8y agoDupe: https://news.ycombinator.com/item?id=18223972 https://news.ycombinator.com/item?id=18223972
- jhabdas 8y agoRobinhood locked me out of my own account because I was "traveling too long"; demanded I show them proof of US residence (my verified Chase Bank account and US passport aren't good enough). I'm not surprised their hurting the little guy.
- icebraining 8y agoI don't see the relationship...? Those documents prove US citizenship, not US residence; seems reasonable to ask, especially if it's a legal requirement, which I wouldn't be surprised (it's not like they benefit from losing non-resident customers).