5 ms·
can someone explain to me why you would use RH over something like Fidelity who has 24/7/365 support and no commission trades? honestly the first thing i do whe
by thrownaway954 6y ago
can someone explain to me why you would use RH over something like Fidelity who has 24/7/365 support and no commission trades? honestly the first thing i do when it comes to a service (especially financial) is see if they have a way in getting in touch with someone 24/7/365. i would rather pay to know i can call and talk to a human then save money. seems like these people lost dollars tripping over pennies. even if a trade cost $5 a trade, i would still pay it just to know i can reach someone.
- LeCow 6y agoRH keeps almost no tabs on options trading and is very cheap.
- greyfox 6y agowhat is meant here by "tabs" like records/logs?
- ve55 6y agoThey might mean that they approve users for it more easily and quickly than other brokerages. Logs are definitely kept (and in more locations than just RH).
- beervirus 6y agoEverybody offers free trading nowadays.
- colinmhayes 6y agoEtrade has fees on options. I assume others do too.
- raziel2701 6y agoRH has the best user interface experience on mobile. Charges no commissions on options and you get automatic deposits. So it has the smallest barrier to entry. Very straightforward to use, it's very simple and clean. Buy and trade stocks and puts and calls, no problem. Yes if you try more complex option strategies then RH starts to fall apart. But for the majority of people that are just tagging along from wallstreetbets or something like that, RH is the simplest way to get you in the stock market.