That’s interesting.

Anthony Lawrence

Apr 8, 2020·1 min read

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.

Anthony Lawrence

Retired Unix Consultant. Kicking back and enjoying writing now. Not seeking work, not selling anything. No longer responsible for my old aplawrence site.

“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.”

Robinhood’s Free Trading Isn’t Actually Free

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Aaron Schnoor

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Retired Unix Consultant. Kicking back and enjoying writing now. Not seeking work, not selling anything. No longer responsible for my old aplawrence site.