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Last I checked, their margin rates were ridiculous. So that description isn't as far off as you might think.
by dnadler 7y ago
Last I checked, their margin rates were ridiculous. So that description isn't as far off as you might think.
- bduerst 7y agoWait, how so? Robinhood's margin is 5%. Most (fidelity, etrade, etc.) have margin rates around ~10%. IB has ~3-4% but they're an outlier in this regard.