Initially it was commissions free trading.

Initially it was commissions free trading.
by irishsundevil (2021-01-29 13:15:47)

In reply to: What makes Robinhood special? posted by Tex Francisco

Now I would say is cheap access to margin, UX, and availability of options trading. However those advantages have since been matched by other brokers. Therefore the substitutions are widely available and RH will see an exodus IMO. I already have an IRA and 401k with Fidelity. I will be moving my equity account to them in a few weeks to avoid having a week or so dead period.

Replies:

The UX is really nice. - mocopdx 2021-01-29 13:22:58
- No joke I wouldn’t have my real investments with them - Allumeuse 2021-01-29 15:01:50
- Sure, there’s the risk of gambling via the app. - EricCartman 2021-01-29 13:30:01
  - The market itself is gambling - ravenium 2021-01-29 14:16:12
    - You can gamble or invest. Not both. - EricCartman 2021-01-29 14:45:00
      - Agreed - ravenium 2021-01-29 15:29:39
        I’m on a text chain with my grad school friends. - EricCartman 2021-01-29 16:16:32
  - Would that they encourage mutual funds, then - mocopdx 2021-01-29 13:37:38
    - Hang on - ndtnguy 2021-01-29 14:00:25
      - I was about to object. - Tex Francisco 2021-01-29 14:49:16
    - Mutual funds aren’t without risk. - EricCartman 2021-01-29 13:54:17
      - At some point common sense applies. - irishsundevil 2021-01-29 13:58:02
      - Good points. * - mocopdx 2021-01-29 13:57:43