Congrats to you Robinhood Millionaires

Jul 29, 2021 71 Comments

I know Robinhood had a rough year with the GME situation, but still you folks worked hard to bring an app to us that ended up removing trading fees on all other brokerages like vanguard, fidelity, etc.

Wondering what the emotions are like for you folks. How’s the Robinhood Blind channel? How’s the overall sentiment there?

tc: 163k

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TOP 71 Comments
  • ChowNow
    UctC47

    Go to company page ChowNow

    UctC47
    Dude they didn’t remove trading fees. They just made the pricing more obscure because of payment for order flow.

    Truth is don’t know how much we are paying in order flow vs commissions to suggest they did any good. Then all the brokers followed suit. Do you really think that brokers would abandon their previous model if they didn’t have significant revenue coming to replace it?

    Vlad made it blackbox pricing and then slabbed a bunch of marketing on it to make it seem like they are heros
    Jul 29, 2021 24
    • Amazon
      somepeeps

      Go to company page Amazon

      somepeeps
      Multi broker is such a pain operationally, no way that’s worth the possible 0.007$ improvement per share of Fidelity. Especially at the expense of the better UI and increasingly more features of RH
      Jul 30, 2021
    • Google / Eng
      GIRaffcase

      Go to company page Google Eng

      GIRaffcase
      eh I'm already forced into multi-broker because my passive investments, RSUs, etc., all all in different places. It's not like I'm going to have Fidelity and Rh open simultaneously.

      I can't go single-broker on Robinhood since they don't have half the things I care about and are more or less a single-purpose app that maximizes the dopamine hit of buying and holding a stock. For options trading, I have a lot more complaints about them than just their revenue model.

      Active Trader Pro beats Robinhood's UI by a mile, for me. And if you can get Wealth-Lab Pro, that's a really nice tool. Simplicity and cleanness is overrated if you're serious about performance.

      Tbh if I *had* to go single-broker, I'd have to go to Fidelity. Robinhood simply doesn't yet have nearly the range of features I need for my edge use cases.
      Jul 30, 2021
  • Let me start from the beginning… when I was a boy in Bulgaria
    Jul 29, 2021 1
  • Amazon
    somepeeps

    Go to company page Amazon

    somepeeps
    Same. Thank you RH’ers. I would’ve never gotten into stocks and ETFs as early as I did without the fancy UI and 0$ trades. You guys actually helped me make hundreds of thousands of $. Every company has outages, all of us should know the stress and crazy issues that happen.
    Jul 29, 2021 5
  • Twitter
    ORUk81

    Go to company page Twitter

    ORUk81
    Rip to all who joined last month or two
    Jul 29, 2021 10
  • Just to be clear robinhood has the highest fees of any broker. Almost 2x fidelity on options.
    Jul 29, 2021 6