2 ms·
Robinhood provides commission free trades on fractional shares for practically all worldwide publicly traded equities in literally the palm of my hand. To para
by ipnon 6y ago
Robinhood provides commission free trades on fractional shares for practically all worldwide publicly traded equities in literally the palm of my hand.
To paraphrase Uncle Ben, "with great convenience comes great responsibility."
If you shoot yourself in the foot you don't blame the gun store.
- dehrmann 6y agoIs Robinhood the market maker for fractional share sales, or do they outsource that to someone? Someone has to hold a real share to make it work. There's a decent amount of regulation around making sure retail investors don't get taken advantage too much when making normal trades, but I could see there being a larger bid/ask spread with fractional shares and market makers taking advantage of that.