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Did you know Robinhood sells your trading data to hedge fund companies?
Is this actually news? How did everyone else think RH made money? You don’t just get stuff for free in life.
I really want to take cash out of RH but setting up a different brokerage and getting used to their UI is a pain in the ass.
Yeah, RH had a great UX for noobs. Older brokerage have terrible UX but way better for more advances trading strategies
It’s to market maker for orderflow, not hedge fund
Yes, correct. But the market maker is also a hedge fund
@Affirm what do you mean?
I don't think Citadel cares about my crazy OTM yolo calls. My real trades are in Fidelity. Who is using RH to manage serious balances?
These brokers are required to disclose where they route your orders to and if they get paid for it. You can search for "*insert broker* sec rule 606".
These options suck. Where is “yes, old news and I am not fine with it” ?