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Robinhood Zero-Commission Stock Brokerage

Posted on 4/18/14 at 1:16 am
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 4/18/14 at 1:16 am
Anyone already signed up and plans to trade on here?

LINK

Google ventures, registered with the SEC,FINRA,SIP

Non-Referral Link
This post was edited on 4/18/14 at 9:16 am
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/18/14 at 4:45 am to
quote:

Targets Millennials With Little Cash


Not very many of those on this board.
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 4/18/14 at 5:18 am to
As a fellow O-T baller, I realize that; but I signed up anyways.
Posted by bobaftt1212
Hills of TN
Member since Mar 2013
1316 posts
Posted on 4/18/14 at 7:07 am to
free trades means I can take small positions without the fees eating me alive
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 4/18/14 at 9:37 am to
quote:

free trades means I can take small positions without the fees eating me alive


You'd better read the fine print first. Electronically transferring money in is free. Transferring out? $75.
Posted by baytiger
Boston
Member since Dec 2007
46978 posts
Posted on 4/18/14 at 9:44 am to
I completely overlooked that. I saw free ACH and assumed that meant inbound and outbound transfers were free.
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 4/18/14 at 10:05 am to
quote:

I completely overlooked that. I saw free ACH and assumed that meant inbound and outbound transfers were free.


Nah. I probably screwed the pooch on that one. I think transferring accounts from another brokerage is free, but transferring your Robinhood account to another brokerage is $75. ACH does appear to be free.
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 4/19/14 at 12:11 pm to
Transferring out usually comes with a fee at most firms. I know Scottrade will cover your fee if you are transferring in and your former broker is charging you. Wouldn't be surprised if the other major online firms did the same as well.
Posted by Odinson
Asgard
Member since Apr 2014
2752 posts
Posted on 4/21/14 at 3:42 pm to
Count me in.
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