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Loyal3 and Robinhood
Posted on 5/9/15 at 12:51 pm
Posted on 5/9/15 at 12:51 pm
I know there has been discussion on the board for both Robinhood and Loyal3. I am trying to figure out if there is any disadvantage to using these sites to invest in individual stocks and stop investing through my capital one. Main reason is the free investing fee vs. the 6.95 per trade fee. Am I not considering something?
2
Posted on 5/9/15 at 1:53 pm to secondandshort
You can't trade on margin with robin hood, they hold your money for 3 days when you deposit or sale stock...I guess those are the main disadvantages that I can think of. But you can't beat the no fee trading!
Posted on 5/9/15 at 1:56 pm to secondandshort
Can't buy real time with Loyal3, but it's good for dca. Also, it only offers around 60-70 companies.
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