Can someone explain to me the pros and cons of using robinhood?
I know its free but do you have restrictions that you don't have using a real broker? Will my actions take longer to process or will i have to wait hours for my trade to actually go through?
>>1259875
Pro: It's free
Con: You don't get all the cool stuff the other guys have for a single mobile app.
>>1259875
The biggest problem is using it to compete in a business where the serious players are using far more advanced tools. In addition, features of the market that maximize profit / minimize losses cost money, and RH can't pay for them with a free app, so you don't get them. The mistake many make is believing these features are inconsequential to trading successfully.
Great for gambling, but not a replacement for a brokerage, if you are an actual trader in securities.
>>1259875
Read the reviews on the app. I wouldn't touch this shit with a ten foot pole.
Pro: free trades
Con : they take all dividends
>>1260033
No you get divided payments. Where did you hear that
I love making lots of trades, being able to change my mind, soon it will be just as good as the "give handjob, recieve transactiin" dinosaurs like scott E and TD. Oh if i could only short...
>>1260691
>Oh if I could only short
Your shitty app can't handle "complicated" transactions?
What are the competitors of robinhood that are trust worth
>>1260702
Robinhood doesn't have margin accounts so no they won't let you short ya dummy
>>1260033
Nope I got paid my atvi dividend pretty recently
>>1260968
>doesn't have margin accounts so no they won't let you short
Wait, is this true, it's all one direction?
What kind of trader would play by those rules?
>>1261171
From experience, if you try to buy before the market opens, they don't let you buy in until the price increases 10% on the market or something
Also, they of course get fees if you use limits and stops.
And from what I'm told, they invest your unsettled funds.
>>1261199
Oh, and too add what I wrote
Them putting that "We only let you buy in when it increases 10% to protect you from volatility before the market opens" is only there, because they immediately mention you can bypass that by using a limit order, which they charge for.
