Can someone explain in two words, why should I use robinhood ? The only thing that I know is 0 fee per stock transaction
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- Airbnb cjU8shIt’s a surefire way to get rich quick on options without knowing what you’re doing. Just read a little of r/wallstreetbets and you’re good to go.
- You shouldn't, it's a terrible product and a concerning company. There are no upsides other than that their app is prettier than real brokers. No one has fees and real brokers will actually pay you.
- Not bs at all. They all offer free trades and again will give you a cash signup bonus if you open a new account. The bonus will be larger if you do things like set up auto deposit or deposit a large amount of cash. This is how banks have incentivized deposits since, well probably forever. If you are not making money from your banks or worse paying fees you are either poor (which if this is the case sorry this is a sad reality of our banking system) or silly and should switch banks asap.
- Avoid Robin hood. It is not free. They route your orders to high frequency traders so they can front run you. You'd be much better off just paying commissions in the long run. Find a real brokerage with actual free trades
- Yelp BDkP87Sofi also does the same, no fee for stock transactions, also etfs are on sofi