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Robinhood Alternatives?
Given the repeated outages on the platform it seems silly for someone new to investing to join up with them now. Any alternate recommendations for a free or close to free platform for an amateur doing this mostly for fun?
- wenbo 7y agoI recently signed up for https://alpaca.markets https://alpaca.markets and transferred over some funds. Alpaca offers free stock trades and an API for you to retrieve market data, make trades, etc.
- thinkxl 7y agohttps://www.m1finance.com/ https://www.m1finance.com/ Haven't used it yet, but I asked the same question about Robinhood alternatives and this was the top recommendation.
- rococode 7y agoMost of the major brokers have free trades now for stocks and ETFs - Schwab, TD Ameritrade, IBKR, etc. If you're trading something more advanced like options or futures, you'll pay some small fees (options at Robinhood are free, they don't do futures). But when you're trading options, it's probably worth it to pay the fee for a more stable broker so you don't get wiped out by a Robinhood. The fees are very small by the way, for example I use Schwab and it's just $0.65/contract, which basically means for each share I pay a $0.0065 premium.