Originally Posted by Pew
I just opened up a robinhood account. My first step ever in stocks, would be nice to learn more about this stuff.
one more thing about RH, they get money "on the float" on any purchase or sale of a stock; say for example, you execute purchase of a stock at $1.99 they record it as a $2.01 purchase; the same goes for sale of a stock; say you sell at $1.99 they record it at $1.97, so anything in between $$$ goes to the brokerage house (not You) in this case RH... let alone their unstable platform that someone has already mentioned
I use Vanguard for my Roth needs, very happy with their services; also we have two 401Ks but those are with mutual funds companies and there is not much we can do there