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Robinhood opened up stock trading to a large portion of the population that would otherwise not have been interested in traditional trading platforms with high
by indecisive_user 7y ago
Robinhood opened up stock trading to a large portion of the population that would otherwise not have been interested in traditional trading platforms with high commissions.
Their success helped to pressure companies such as TD and Schwab to mostly get rid of commissions as well, which is great for the average trader
I think Robinhood has a lot of problems, but to say they're not pushing any boundaries ignores the huge changes they've brought to the industry.
- C1sc0cat 7y agoThis is the 21st century low cost trading has been around for several decades now
- kube-system 7y agoCommission-free stock trading hasn’t, though. If you’re only trading a couple of shares at a time, $5-10 for a trade is a pretty steep fee.
- C1sc0cat 7y agoFix your stock exchanges to have stock splits then like the LSE does.
- kube-system 7y agoThe fees I am referencing were imposed by brokers, not exchanges. Our exchanges have stock splits, but that still doesn't make a $10 fee on a single $50 share very palatable to the small-time investor.
- C1sc0cat 7y agoA 50$ share should be split which was my point and tbh if your only investing $50 you should not be investing in individual shares.
- kube-system 7y agoWhether or not you think that market for trading should exist, it does.
- deleted 7y ago[deleted]