Free stock trading. How is that even possible? But that's exactly what Robinhood, a technology driven brokerage does. And for the skeptics Freia uses it and its true. You can trade without any commissions.
And for those who want to know how Robinhood manages to do so, they answer the question in their FAQ's
How Robinhood Makes Money
Robinhood makes money in many of the same ways as traditional online brokerages. These include:
- Collecting interest from customers who choose to upgrade to a margin account. We are testing margin in beta and will offer margin accounts later this year.
- Accruing interest from customers’ uninvested cash balances. It is important to note that our customers are not charged.
Robinhood has raised $66 million from NEA, Index Ventures, Ribbit Capital, Vaizra Investments, Google Ventures, Andreessen Horowitz, Social Leverage, Box CEO Aaron Levie, Path CEO Dave Morin, Jared Leto, Snoop Dogg, Linkin Park, and Nas, which gives us the freedom to focus on building an outstanding experience rather than short-term profits.
https://support.robinhood.com/hc/en-us/articles/202853769-How-Robinhood-Makes-Money
I suggest you should open an account. At the very least you have a free alternative.
https://www.robinhood.com/
And for those in India, fret not. We have our very own trading platform that's very similar, Zerodha
https://zerodha.com/
And for those who want to know how Robinhood manages to do so, they answer the question in their FAQ's
How Robinhood Makes Money
Robinhood makes money in many of the same ways as traditional online brokerages. These include:
- Collecting interest from customers who choose to upgrade to a margin account. We are testing margin in beta and will offer margin accounts later this year.
- Accruing interest from customers’ uninvested cash balances. It is important to note that our customers are not charged.
Robinhood has raised $66 million from NEA, Index Ventures, Ribbit Capital, Vaizra Investments, Google Ventures, Andreessen Horowitz, Social Leverage, Box CEO Aaron Levie, Path CEO Dave Morin, Jared Leto, Snoop Dogg, Linkin Park, and Nas, which gives us the freedom to focus on building an outstanding experience rather than short-term profits.
https://support.robinhood.com/hc/en-us/articles/202853769-How-Robinhood-Makes-Money
I suggest you should open an account. At the very least you have a free alternative.
https://www.robinhood.com/
And for those in India, fret not. We have our very own trading platform that's very similar, Zerodha
https://zerodha.com/
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