Just finished estate planning and was told that brokers like Robinhood have nothing in terms of survivorship and have absolutely no provisions for things like living trusts. Now that most other brokerage firms like fidelity and E*trade are offering the same $0 commission does it make sense to stick with Robinhood at all? I do like the Robinhood UI a little more though. Thoughts?
Robinhood is good for fun money. Money that I am good to lose for options trading mostly Real money trade and all the stuff you mentioned to more serious firms
Is there a risk of losing my money in RH? What am I missing in RH that Fidelity or TDA would offer?
Etrade's mobile UI is a joke. For novices, it is absolutely unintuitive. Haven't tried the others - fidelity etc.
RH UX/UI is what I use for quick transactions. I will however use it only for small plays. It's just not as intuitive with other brokerages
What is your goal? If it's to just buy stuff to hold for a while, who gives a shit about UI, go with stable brokerages with good customer service: Schwab, TDAmeritrade, Fidelity. If you want to day trade, you'll definitely have the most fun on Robinhood, but you're probably going to lose money.
UI difference are most obvious. I am really looking for the hidden price differences and features of these platforms
Why not just use a real broker like fidelity or Schwab?