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Robinhood gets $3M in funding to democratize stock trading

0. phoneArena posted on 18 Dec 2013, 09:05

There has been a good amount of competition in the stock trading space with options like Scottrade, E*Trade, Ameritrade, and plenty of others, but one thing that hasn't changed much are the fees that surround trading stocks online. But, startup Robinhood LLC is looking to change that with an interesting strategy that will be beginning on mobile platforms first...

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posted on 18 Dec 2013, 09:11 3

1. saurik (Posts: 86; Member since: 13 May 2013)

This is truly amazing. It's disruptive when a business figures out how to bring the cost of a valuable service down to zero.

posted on 18 Dec 2013, 09:37 1

2. Finalflash (Posts: 3535; Member since: 23 Jul 2013)

Problem is, it is probably US only, which is a damn shame seeing as how retards like TD waterhouse in canada charge 30 per trade buy and 30 per sell. Hopefully they roll out to more countries and see considerable success to stick it to the powers in play.

posted on 18 Dec 2013, 22:49

3. Reluctant_Human (Posts: 904; Member since: 28 Jun 2012)

I will certainly be trying this when it is available.

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