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by goldenkey
3049 days ago
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The amount of money saved with Robinhood is often lost in the less than desirable order routing that Robinhood internally provides. This is how they can provide "free trades." Often they are executing lousier order prices than are available on other exchanges (the actual market.) Other brokers, that make you pay for trades, send your order out to all exchanges. Example: save $7 to end up paying 10 cents extra per share on 1000 shares. Looks like you actually got Robbedinhood for $93... Other brokers take a fixed $7. Robinhood takes a percentage of your orders. Even for an order as small as $300, you can expect to get Robbedinhood for $7 or more (a couple percent.) https://startupsventurecapital.com/robinhoods-exceptionally-... |
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