PSA for Robinhood users: Switch to Fidelity
You guys on here make too much money to be using some shitty discount broker. Fidelity is $0 trades on stocks, $0.65 for options. Most importantly they do not sell your order flow. Robinhood sells all your data to Citadel. Fidelity is probably the most reputable broker right now. Fidelity also didn’t put any restrictions on trading today unlike some other brokers. Other Fidelity pros: - Can participate in IPOs - Has in person branch locations - Large mutual fund selection - Able to buy stocks from international exchanges and OTC
I tried, Fidelity’s creaky old site is so bad it failed repeatedly to finish the account creation process without spitting 502 errors over and over and over again.
I'm trying as well. I think it's being hammered by volume
+1
First I’ve heard of the selling of trade data. That is so shady
How did you think they make money??
Yup: https://www.cnbc.com/2019/04/18/a-controversial-part-of-robinhoods-business-tripled-in-sales-thanks-to-high-frequency-trading-firms.html RH is showing their true colors by restricting GME. Citadel has a major stake in GME shorts through Melvin Capital and they rather please them than their users. Terrible company