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I don't know if people have already forgotten, but it used to cost 5$ - 10$ per trade to buy stocks before robinhood came along. For better or worse, they made
by 1helloworld1 6y ago
I don't know if people have already forgotten, but it used to cost 5$ - 10$ per trade to buy stocks before robinhood came along. For better or worse, they made trading cheaper and much easier for newcomers. Brokerages like TD Ameritrade, E-Trade, Schwab used to charge outrageous fees for trades, but still sold the order flows.
- deleted 6y ago[deleted]
- heliodor 6y agoSeems that you get a slightly worse price in exchange for the lack of the $5 trade fee: https://www.google.com/amp/s/www.wsj.com/amp/articles/why-free-trading-on-robinhood-isnt-really-free-1541772001 https://www.google.com/amp/s/www.wsj.com/amp/articles/why-fr...