Say what.....Robinhood annual margin rates drop 50%%%%

From 5% to 2.5%. One of the lowest in the industry. Looks like the other brokers will now play catchup.

TUE DEC 22, 2020 / 4:32 AM IST
Robinhood cuts margin interest rate to 2.5%
Anna Irrera



https://in.mobile.reuters.com/article/amp/idINKBN28V2YJ

 

5 was pretty high considering interest rates currently

 

isn't IBKR like 1%?

 

Not really when comparing them to the likes of Ameritrade and schwab

 

It sure is with a million+++++ account


You have a million+++++ account???

 

Imagine having ++++Million acc with RH, must be one Xmas wine bottle too many.

 

Plenty of 1MM accounts, just look at screen shots on WSB

 

You see Robinhood settlement last week about bad fills? Today I was selling MVIS, RIOT, QS, BLNK Calls making sure the strange exchanges had my contacts hidden with R,books because the BidxAsk gets blown by by the Free Brokers except two good ones.