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That was later. They started off with $zero commissions (I believe this was the inspiration for the name Zecco). It started as no commissions no matter the acco
by bjterry 13y ago
That was later. They started off with $zero commissions (I believe this was the inspiration for the name Zecco). It started as no commissions no matter the account size, then they added minimums which crept up for a while, then, as I recall, they removed free commissions entirely, then they were bought by TradeKing.
- frequentflyeru 13y agoYeah, I was a member way back in the day (like 2006 I believe). It started off as free trades, then it was only 25 free trades a month, then it moved to $4.95, then they were sold to TradeKing. Similar thing with ThinkorSwim, they were also bought out. Perhaps RobinHood's strategy is to just acquire users at a loss and then get bought out...