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They were the first to offer no commission trades. That's why I have an account. Now that vanguard offers that for equities and they default to putting your m
by mrep 6y ago
They were the first to offer no commission trades. That's why I have an account. Now that vanguard offers that for equities and they default to putting your money in a money market account where you get the interest, I plan to only use vanguard.
The Robinhood mobile app though is way better than vanguards. It looks like a native app and even updates prices every few seconds where as the vanguard mobile app is just a mobile website wrapper (or at least looks like it).
- quickthrower2 6y agoOh right, but you could do "spread betting" (similar to CFDs) back in the early 2000's in the UK. Commission free, but you pay the spread and some interest on borrowed money. I think they structured it as betting rather than investing so that customers would pay no tax on winnings. (Also not many people won!)