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You are correct in your understanding. Apex Clearing's website is here: https://apexfintechsolutions.com/ https://apexfintechsolutions.com/ They have 19M broke
by jjmaxwell4 2y ago
You are correct in your understanding.
Apex Clearing's website is here: https://apexfintechsolutions.com/ https://apexfintechsolutions.com/ They have 19M brokerage accounts and a lot of brands you've heard of got their start with Apex (Robinhood, Wealthfront)
We're US based and regulated a RIA by the SEC.
- coldpie 2y agoI've never heard of Wealthfront, and I know Robinhood mostly for exploiting low-info customers & trying to make investing even more like gambling than it already is[1]. Pretty gross company to be keeping IMO. [1] https://www.velaw.com/insights/game-over-robinhood-pays-7-5-million-to-resolve-gamification-securities-violations/ https://www.velaw.com/insights/game-over-robinhood-pays-7-5-...
- Workaccount2 2y agoInvesting is not the same as trading, which is what Robinhood primarily caters too. Also Apex is a big name in the brokerage world. They are a business to business company though, so most consumers never would have heard of them.
- coldpie 2y ago> Apex is a big name in the brokerage world But not big enough to have a Wikipedia page? Are you sure they're not just a big name in the financial startup/casino/scam world?
- esses 2y agoThey have been around as a significant service provider for over a decade in a highly regulated industry. Ask anyone in the brokerage world and they will not care if there’s a Wikipedia entry. They are a huge player and have been for a while.