Opening a Robinhood account

Discussion in 'Retail Brokers' started by xandman, Feb 4, 2015.

  1. xandman

    xandman

    It is reassuring to see that APEX is their clearing firm. I know there is skepticism on how they will make money.

    Additionally, I am not one the early birds when it came to the signup. They are probably scaling up in size.
     
  2. S2007S

    S2007S

    It's funny I was just looking at opening an account and forgot all about that company, too late now though just opened up a new account last month with another online broker.


    This is when I heard about them

    http://www.cnbc.com/id/102026310
     
  3. S2007S

    S2007S

    Just checked it out, it's pretty cool, i have to see what they offer, who knows how high their margin rates are, also only mobile trading which isn't bad, don't know about streaming quotes, but 0 dollars is worth it, i would open an account with some money just to try it out...I'm paying on average about $3-$8 a trade depending on the amount of shares I'm trading, I think I will stay put where I'm out now and at the end of 2015 figure if its worth switching,
     
  4. xandman

    xandman

    Oh, crap. I just realized. Now, I have to buy an iphone.

    Do I have to trade at Starbucks, too? That totally throws off my cost structure.
     
    Soon2Bgreat likes this.
  5. S2007S

    S2007S


    Ha...yes...iphone and Starbucks

    How the new America trades
     
  6. I prefer trading with my border collie at my feet and my wife bringing me coffee
     
  7. Very nice app , but no margin , need to wait for three days before you buy a stock.
     
  8. xandman

    xandman

    correct. No L2 connections either. Margin accounts are forthcomming sometime this year. What i would like to hear about is someone building ninjatrader connections to their API.
     
  9. huh, i usually change my mind in a few hours , how will i wait three days,, is this like that other scheme sharebuilder ,where u were charged v less and they wud buy u shares on a time schedule
     
  10. newwurldmn

    newwurldmn

    That's how they do it on the tv ads.
     
    #10     Feb 13, 2015