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Unless you use robinhood which has no transactions fees.
by leakybit 7y ago
Unless you use robinhood which has no transactions fees.
- skellera 7y agoNot just Robinhood. Charles Schwab and some others have moved this direction too.
- perl4ever 7y agoVirtually everybody went to zero commissions, more or less.
- swsieber 7y ago> robinhood It's easy to have no fees if your customers can't make transactions. To be less snarky, I'd avoid them if you're trying to time the markets.
- missosoup 7y agoFor those not in the loop: it's been impossible to make transactions on a number of platforms including Robinhood due to the overwhelmingly high load causing those platforms to fail. A lot of people were basically locked out from trading.
- chrisjc 7y agoOr you know... Feb 29th, every four years.
- alasdair_ 7y agoThey completely failed three different times in the past couple of weeks. The Feb 29th thing was a red herring.
- walshemj 7y agoI got a warning when I logged into Interactive Investor (UK) this morning and its still there now. "Please be aware that due to exceptional market volatility, there may be situations in which it is difficult to obtain a price for your trade." Will be interesting to see what effect the Budget statement on Wednesday
- verbify 7y agoI think the government are damned whatever they do. A massive fiscal stimulus admits there's a massive problem (and the government has been trying to project a quiet confidence that this is something under control), so markets will tank. A small response could be seen as inadequate.
- lukewrites 7y agoThere are still costs to your transactions, not least of which is the information gulf between you and an institutional investor with a Bloomberg terminal.
- darawk 7y agoNot really. The only cost to your transaction is the bid-ask spread, which is extremely tight in liquid US equities.
- glouwbug 7y agoTheir fees come in the form of unexpected downtime at high volume. A free system gets you only so far
- ozi 7y agoOne does not simply "use" Robinhood on a day like today. Or the last 3 large down days since Coronavirus. System-wide failures abound. Expect your orders to not execute as intended and money to be lost.