There was some comment on this a while ago, and I finally got my invite. Has anyone else tried? Anyone read the terms and think its safe / not safe?
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I use it!
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@sunny: is it easy to use? Is it safe? Anything I should watch out for? Any hidden fees?
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What is it?
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@T.H.O.U.: I guess my longer reply got eaten
This is a good review:
http://www.mymoneyblog.com/robinhood-app-review.htmlYes it is easy to use. No real fees, but the fee schedule is here: https://brokerage-static.s3.amazonaws.com/assets/robinhood/legal/RHF%20Retail%20Commisions%20and%20Fees%20Schedule.pdf
As with any trade event, you will pay a regulatory fee (separate from broker commission) but it is pennies.
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@regberadaisy: It is an iOS app that does $0 commission equity trades with no minimums and no minimum balance.
So you could buy 1 share of a company for (nearly) free. There is still a regulatory fee to pay but it is just pennies.
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Easy to use. Totally safe. I did a bunch of trades for a few months but I didn't like the long holds to deposit, settle funds and withdraw funds. I might go back to it again in the future.
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6 comments