Author Topic: Stocks  (Read 304115 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 »

Online 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!

Online 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?