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Robinhood is a new stock brokerage platform.

It offers its services with $0 commission for US Stocks and ETFs and also has a $0 minimum deposit. Currently only US residents can use it and must therefore download the App from the App store. They plan on releasing it for Android in the near future.

They do have ways to make money, specifically:

For customers who choose to upgrade to a margin account, Robinhood will collect interest from margin lending.
In addition, Robinhood will earn a portion of the interest generated by uninvested customer cash deposits. The total interest earned is variable and based on the Federal Funds rate.

How your money links up with Robinhood:

You can link your personal bank account to your Robinhood account. You may transfer funds between your accounts using ACH transfers, and then use those funds to buy and sell stocks.

Most of this is taken from their website which can be found here >> https://www.robinhood.com/

Author Topic: Robinhood  (Read 11828 times)

Offline asandler

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Re: Robinhood
« Reply #20 on: March 06, 2015, 05:04:12 PM »
Have an invite PM

Offline joxxer

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Re: Robinhood
« Reply #21 on: March 07, 2015, 10:57:38 AM »
any invites ? would love one if possible :)

Offline asandler

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Re: Robinhood
« Reply #22 on: March 07, 2015, 11:18:37 PM »
any invites ? would love one if possible :)
Did you get one yet? If not I have one.

Offline joxxer

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Re: Robinhood
« Reply #23 on: March 08, 2015, 02:04:51 PM »
Did you get one yet? If not I have one.

Yes I did thanks :)

Offline nis965

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Re: Robinhood
« Reply #24 on: March 08, 2015, 05:50:21 PM »
I would appreciate an invite if someone has.  Thanks!

Offline SMS331

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Re: Robinhood
« Reply #25 on: March 08, 2015, 11:30:50 PM »

Offline yakrot

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Re: Robinhood
« Reply #26 on: March 09, 2015, 01:35:52 AM »
I used the first code you linked WXG8F....thanks

Offline nis965

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Re: Robinhood
« Reply #27 on: March 09, 2015, 09:54:37 AM »
I used the second. Thanx!

Offline joxxer

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Re: Robinhood
« Reply #28 on: March 09, 2015, 02:11:29 PM »
is it a hard pull to open an account ?? my CRs are frozen and I got an email asking me to unfreeze my experian .. ?

Offline Shmulie

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Re: Robinhood
« Reply #29 on: March 09, 2015, 02:18:15 PM »
is it a hard pull to open an account ?? my CRs are frozen and I got an email asking me to unfreeze my experian .. ?
No I dont think so it never came up on my CR

Offline joxxer

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Re: Robinhood
« Reply #30 on: March 09, 2015, 03:35:41 PM »
No I dont think so it never came up on my CR

Hmm yea i got the email to unfreeze my experian in order to complete account approval

Offline eAge

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Re: Robinhood
« Reply #31 on: March 12, 2015, 02:11:41 PM »
"The app officially launched Thursday"

Huh? I've had a couple of months

http://money.cnn.com/2015/03/12/investing/robinhood-app-free-trading-millennials/

Offline menachem_m

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Re: Robinhood
« Reply #32 on: March 12, 2015, 10:08:51 PM »
You can sign up now for the Android beta.

https://robinhood.com/android/beta/

Offline asandler

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Offline joxxer

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Re: Robinhood
« Reply #34 on: March 13, 2015, 02:47:08 PM »
needed to unfreeze my experian so they could verify my identity .. account approved

Offline meshigina

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Re: Robinhood
« Reply #35 on: March 19, 2015, 01:25:48 AM »
There is way too much overheard for an online stock trading company to stay in business with revenue simple from margin and unused cash in your account. I don't think this company will be around too long despite them being backed by some very big venture capitalists.
Also you get what you pay for, these trades might take a fee hours to get executed, since they most likely don't gave direct market access.

Offline yuneeq

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Re: Robinhood
« Reply #36 on: March 19, 2015, 01:40:03 AM »
There is way too much overheard for an online stock trading company to stay in business with revenue simple from margin and unused cash in your account. I don't think this company will be around too long despite them being backed by some very big venture capitalists.
Also you get what you pay for, these trades might take a fee hours to get executed, since they most likely don't gave direct market access.

1) deposits/withdrawals take 3/5 business days each way, they collect interest on that
2) collect interest on any cash held in accounts
3) they sell options and other financial priducts. Only simple buying and selling of equities is free.
4) it doesn't cost so much nowadays to push 1's and 0's from one computer to the next.
5) if costs end up to high they can limit the amount of free trades per month and people will still stay.

Offline Dr Moose

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Re: Robinhood
« Reply #37 on: August 13, 2015, 09:18:31 AM »
Hey there! I am using DansDeals Forums.

Offline Shmulie

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Re: Robinhood
« Reply #38 on: August 13, 2015, 09:26:36 AM »

Offline KidOOO

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Re: Robinhood
« Reply #39 on: August 13, 2015, 09:31:25 AM »
Are the trades really delayed as mentioned up thread?