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ROBINHOOD is the ABSOLUTE WORST BROKER EVER to DAYTRADE WITH

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7 comments:

  1. I’ve been hearing a lot about RobinHood lately, but never about how they actually make money since they don’t charge commissions. I wonder how long they’ll last, if they’re always prioritizing their own profit at the expense of their clients!

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    1. I agree 100%, there biggest way of making money is based off selling the trades to clearing houses. But WeBull is so much better, and they will have an options service real soon.

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    2. No kidding. But I’m wondering if RobinHood is a good choice for someone just starting out, so they can learn about how trading works without managing trades directly.

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  2. So what is going on here is that Robinhood is robbing people to line their own pockets. The irony of the name! I have heard a bit on them but never considered doing broking with a company that seems to tilt in favor of milking its own customers. When you think about what they do, it is genius but still very shady.

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  3. This sounds like an absolute disaster! I haven't heard of Robinhood and now I'm relieved I didn't stumble across them and make any stupid decisions.

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    1. There is a pretty good application beginner traders can utilize that offers free commissions that is really good. That application is called WeBull, you can find a link for it in my side bar.

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  4. On the contrary, I believe that Robinhood is a great platform for beginning traders to start off on. It allows the trader to connect to the markets easy without using pricy software; although, it has minimal functionality.

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