Never heard of Robin Hood either. How does zero fees on trades make a successful business model? Sounds too good to be true. There has to be a catch?
You are viewing a single comment's thread from:
Never heard of Robin Hood either. How does zero fees on trades make a successful business model? Sounds too good to be true. There has to be a catch?
It's all part of the new business model that involves getting as many users as possible. Don't worry about how much they pay, just get them. RH was funded by Google Ventures, and others, including Snoop Dogg and Jared Leto. They make their money with the margin accounts that you can upgrade to. That allows you to do more than simply purchase a stock. If all you want is to own a share, RH is great!