Why to use Robinhood ?

Pinterest woxjendis
May 12 49 Comments

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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TOP 49 Comments
  • Airbnb cjU8sh
    It’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.
    May 12 3
    • Google __human__
      This is fact. All you have to do is buy the farthest out of the money options you can find, and sell them when they're in the money. Easy as that.
      May 12
    • Travelport / Eng buttnpushr
      Can confirm. I bought shares to this pets.com company once. I am now a billionaire
      May 12
    • Amazon EQjp82
      Word, it’s literally risk free
      May 12
  • Microsoft
    Tier 1

    Microsoft

    BIO
    #1 in Prestige
    Tier 1more
    Because there are no fees per transaction
    May 12 6
    • Microsoft
      Tier 1

      Microsoft

      BIO
      #1 in Prestige
      Tier 1more
      No fees per transaction to buy or sell ETFs
      May 12
    • Pinterest woxjendis
      OP
      I don’t think there are fees on Vanguard , isn’t it ?
      May 12
    • Zillow Group Croissants
      Sometimes you may want non vanguard ETFs.
      May 12
    • Pinterest woxjendis
      OP
      I see. Thanks everyone.
      May 12
    • Microsoft gfba68
      no fees for non-Vanguard ETFs at vanguard, either. Almost all ETFs trade for free there these days.
      May 12
  • Facebook public2
    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.
    May 12 10
    • Facebook public2
      All of them (based on how much you deposit with them). Common rewards are 100, 500, 1m, 2.5m, 5m etc.
      May 12
    • New / Eng |l|l||l|l|
      What kind of bs is this? How and why would they pay you? Did you mean interest? Traditional brokers have always made their money from transaction fees.
      May 13
    • Facebook public2
      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.
      May 13
    • New / Eng |l|l||l|l|
      OK finally something that answers my question. So you're talking about sign up bonuses.
      May 13
    • Facebook public2
      Finally answers your question? Yes it includes sign up bonuses for sure.
      May 13
  • Google envelope
    If a product is free for customers, you are the product.
    May 12 3
    • VMware lmbgggtyr
      Rightly said GOOGLE. True that.
      May 12
    • Google envelope
      Lol I knew someone was going to point that out. Touché
      May 12
    • Microsoft gfba68
      True, they sell your orders to HFT so they can front run you.
      May 12
  • Amazon / Eng
    ricecookie

    Amazon Eng

    PRE
    Uber
    ricecookiemore
    Isn't the 0 fee a enough reason
    May 12 3
    • Pinterest woxjendis
      OP
      Besides that. Let’s say I don’t buy individual stocks
      May 12
    • Facebook / Eng yMvB87
      OP: why use a toilet?
      In this thread: so you can shit.
      OP: what if I don't shit?

      Joking aside, Robinhood is a stock broker. If you don't trade stocks, then you don't need a stock broker.
      May 12
    • Pinterest woxjendis
      OP
      Useful answer. I don’t need it :)
      May 12
  • ConocoPhillips 8&z
    Can you list reasons why another platform is a better option?
    May 12 2
    • Pinterest woxjendis
      OP
      I didn’t say that. I’m not someone who knows a lot about investment platforms. I’m trying to understand what’s revolutionary about Robinhood
      May 12
    • ConocoPhillips Beep Beep
      0 fee trading from an app is semi revolutionary, at least it was a few years ago. If you don’t care about that convenience it might not be any better for you.
      May 12
  • Google / Eng yogi bear
    Your own answer is not even two words.
    May 12 0
  • Microsoft gfba68
    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
    May 12 9
    • Microsoft
      Tier 1

      Microsoft

      BIO
      #1 in Prestige
      Tier 1more
      Not very much
      May 12
    • Microsoft
      Tier 1

      Microsoft

      BIO
      #1 in Prestige
      Tier 1more
      And they aren’t front running
      May 12
    • Microsoft gfba68
      Robinhood isn't, the HFT are. There are plenty of places you can trade ETFs for free so I don't know why anyone would put up with this
      May 12
    • Microsoft
      Tier 1

      Microsoft

      BIO
      #1 in Prestige
      Tier 1more
      The HFTs aren’t front running, that’s mostly illegal.

      They are, however, acting as a counterparty and as a market maker.
      May 12
    • Microsoft gfba68
      This type of front running is not illegal because it is based on public information the HFT firms just happen to be able to act on first. And yes, they are.
      May 12
  • Arista Networks unVS80
    Vanguard is the way to go if you don’t wish to trade individual stocks.
    May 12 0
  • Cisco / Eng 0xdeadbad
    Free is good
    May 12 0
  • Yelp BDkP87
    Sofi also does the same, no fee for stock transactions, also etfs are on sofi
    May 12 1
    • Zillow Group Croissants
      Sofi is late to the game. There's webull too.
      May 12
  • Google / Eng
    CodeRust

    Google Eng

    PRE
    Samsung Electronics
    CodeRustmore
    Robinhood is easy to use, plus no fees. If you're not buying and selling in bulks frequently, Robinhood is good enough.

    Oh and you don't have to pay fees.
    May 12 0