“Robinhood” the article continues, “appears to be taking more cash for orders than rivals, regulatory filings show. If a customer buys 100 shares of Apple for $200 each — a $20,000 purchase — Robinhood could get up to $5.20 for routing that order to electronic-trading giant Citadel Securities LLC, according to calculations based on a recent Securities and Exchange Commission filing.”
That’s interesting. I have about $30,000 in “play” money in Robinhood. I’m not paying for any additional services. When I first joined, my other broker, E-Trade, was still charging fees for simply buying or selling. If they had been more quick to go free, I might never have joined Robinhood.
I do enjoy their Podcast “Robinhood Snacks”. I’d listen to that even if I had no stocks there.