Author Topic: Stocks  (Read 1179241 times)

Offline coralsnake

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Re: Stocks
« Reply #840 on: December 11, 2014, 11:40:06 AM »
and no catches to the free trades?
I know nothing about Robinhood but I used to have a free account with Zecco which is now $4.95 (very reasonable) per trade with Tradeking after the buyout.

There was no catch with Zecco. It seems like Robinhood is going after the younger demographic.
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Offline Mikeoracle

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Re: Stocks
« Reply #841 on: December 11, 2014, 01:30:15 PM »
Is anyone following LC IPO?

Offline Am

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Re: Stocks
« Reply #842 on: December 11, 2014, 11:41:49 PM »

Offline yuneeq

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Re: Stocks
« Reply #843 on: December 12, 2014, 12:32:50 AM »
Robinhood will likely end up just like Zecco. Have free trades until they build up a nice client base. Then get bought out and start charging.

A) Zecco merged with TradeKing, they weren't bought out
B) Zecco started charging for trades before they merged. I was a customer of Zecco and when they started charging $5 I switched to TradeKing. I figured if I'm paying $5 a trade I may as well have the best platform at that price.
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Offline TheMentsh

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Re: Stocks
« Reply #844 on: December 13, 2014, 02:14:41 AM »
Over 10 years ago, there used to be a brokerage called "Brokerage America" which was 0 commissions. I had an account with them back then and I loved it. They didn't last very long and I don't remember if they got bought out or simply went out of business.

Now there is Robinhood.com, which is also going to be commission-free on US Stocks and ETFs, but they haven't really launched yet and you have to put yourself on a waiting list. I got on it about a year ago and I am like # 234,000 with about that many after me (you can check how you are progressing on the list on their site). Their platform will be only on smartphone apps, not on a website. Right now they have only come out with an app for iPhone and they promise that they'll have an app for Android in 2015. I wish they'd get on with it.

Offline EJB

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Re: Stocks
« Reply #845 on: December 13, 2014, 07:26:05 PM »
Over 10 years ago, there used to be a brokerage called "Brokerage America" which was 0 commissions. I had an account with them back then and I loved it. They didn't last very long and I don't remember if they got bought out or simply went out of business.

Now there is Robinhood.com, which is also going to be commission-free on US Stocks and ETFs, but they haven't really launched yet and you have to put yourself on a waiting list. I got on it about a year ago and I am like # 234,000 with about that many after me (you can check how you are progressing on the list on their site). Their platform will be only on smartphone apps, not on a website. Right now they have only come out with an app for iPhone and they promise that they'll have an app for Android in 2015. I wish they'd get on with it.

nice first post :)

Offline menachem_m

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Re: Stocks
« Reply #846 on: December 13, 2014, 08:18:22 PM »
I have five spare robinhood invites, PM if you want.

Offline Ephraimh

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Re: Stocks
« Reply #847 on: December 13, 2014, 08:20:55 PM »

I have five spare robinhood invites, PM if you want.
Am I getting some kind of prioritization using your link?

Offline menachem_m

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Re: Stocks
« Reply #848 on: December 13, 2014, 08:24:04 PM »
It's not a referral, it's instant access. (Since I just hit the top of the list, they gave me codes to give out.)

Even if you don't have iOS you can sign up now online, cause I think they expire at midnight or tomorrow.

Offline Ephraimh

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Re: Stocks
« Reply #849 on: December 13, 2014, 08:33:48 PM »

It's not a referral, it's instant access. (Since I just hit the top of the list, they gave me codes to give out.)

Even if you don't have iOS you can sign up now online, cause I think they expire at midnight or tomorrow.
PM sent

Offline menachem_m

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Re: Stocks
« Reply #850 on: December 13, 2014, 08:54:22 PM »
No more left.

Offline Ephraimh

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Re: Stocks
« Reply #851 on: December 13, 2014, 08:54:59 PM »

No more left.
Application submitted,
Thanx!

Offline yuneeq

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Re: Stocks
« Reply #852 on: December 14, 2014, 12:52:12 AM »
I was granted access a few days ago, apparently I was one of the first sign ups last year.

Now I'm waiting for my application to be approved.
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Offline menachem_m

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Re: Stocks
« Reply #853 on: December 14, 2014, 01:16:04 AM »
Maybe it's taking a while cause it a weekend, but I did it on Thursday, and was approved within two hours.

As soon as you get accepted they'll send you 3 invites.

Offline Ulitkany

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Re: Stocks
« Reply #854 on: December 14, 2014, 10:02:56 AM »
Maybe it's taking a while cause it a weekend, but I did it on Thursday, and was approved within two hours.

As soon as you get accepted they'll send you 3 invites.

Have you traded with them already? Do they give you an option to fund your account with your positions/stocks at other brokerages?

Offline menachem_m

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Re: Stocks
« Reply #855 on: December 14, 2014, 10:07:01 AM »
Incoming is free, outgoing is $75. Obviously besides what your current brokerage will charge you.

Offline ahecht37

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Re: Stocks
« Reply #856 on: December 14, 2014, 10:20:28 AM »
if anyone gets invite codes, please pm me. i would like to bypass the wait list

Offline Ulitkany

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Re: Stocks
« Reply #857 on: December 14, 2014, 02:17:38 PM »
if anyone gets invite codes, please pm me. i would like to bypass the wait list
What exactly are you refering to above? I asked about positions transfers, those are done for free usually

Offline ahecht37

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Re: Stocks
« Reply #858 on: December 14, 2014, 02:29:58 PM »
What exactly are you refering to above? I asked about positions transfers, those are done for free usually
im talking about the wait list to be able to use robin hood at all

also if anyone wants to help me move ahead in line, sign up with link below
https://www.robinhood.com/?ref=VK5wMv

Offline Ulitkany

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Re: Stocks
« Reply #859 on: December 14, 2014, 05:24:30 PM »
[
im talking about the wait list to be able to use robin hood at all

Oops, I meant to ask menachem_m about his below post [
Incoming is free, outgoing is $75. Obviously besides what your current brokerage will charge you.