Robinhood
How does Robinhood make money?
In March of this year, Robinhood Markets, Inc. launched a payment card that allows its customers to receive up to 8% cashback on purchases. This included the ability to earn bonuses ranging from 10% to 100%. Over the years, the company has attracted a significant user base thanks to such attractive offers. The platform’s pioneering […]
Robinhood fined $65 million by SEC for lack of transparency – here’s how they make money
In late 2020, the SEC fined Robinhood $65 million for misleading customers about how they make money. Since then, they have become more outspoken about how they generate income and disclose fees. In March of this year, Robinhood Markets, Inc. launched a payment card that allows its customers to receive up to 8% cashback on […]
TD Ameritrade vs Robinhood: Where is trading free?
Free stock trading used to be a myth. Most major financial brokers charged over $5 per trade, even in 2019, and most of them made millions from these fees annually. Enter: Robinhood. Robinhood was launched in 2013 to help retail investors trade low by offering zero commission trading in stocks, ETFs and options contracts. Fast […]
Acorns vs. Robinhood: Auto Investing vs Self Investing
Investing doesn’t have to be difficult (or expensive). Both Acorns and Robinhood have understood this and offer intuitive mobile apps that are so easy to use that even Caveman a new investor can understand this. acorns is an automated investment application that rounds up your extra change and invests the difference. Robinhood is the original […]