Is Robinhood legit?

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience?

Robinhood makes it very easy to trade on margin. Fidelity, Vanguard, and Schwab make it very hard

Yeah, they make it hard for good reasons. Robinhood and their ilk ignore the historical reasons for why margin trading is discouraged. 1929 collapse was facilitated by easy margin. We as a society have wholesale just decided to ignore historical lessons and instead will relearn them through direct and avoidable failures. Freaking frustrating, tbh.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience?

Robinhood makes it very easy to trade on margin. Fidelity, Vanguard, and Schwab make it very hard

Yeah, they make it hard for good reasons. Robinhood and their ilk ignore the historical reasons for why margin trading is discouraged. 1929 collapse was facilitated by easy margin. We as a society have wholesale just decided to ignore historical lessons and instead will relearn them through direct and avoidable failures. Freaking frustrating, tbh.

Whoever does not keep up with this segmemt -- Vanguard, Fidelity, JP Morgan, MS, Citi -- whoever it is will buy Robinhood. 3-5 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience?

Robinhood makes it very easy to trade on margin. Fidelity, Vanguard, and Schwab make it very hard

Yeah, they make it hard for good reasons. Robinhood and their ilk ignore the historical reasons for why margin trading is discouraged. 1929 collapse was facilitated by easy margin. We as a society have wholesale just decided to ignore historical lessons and instead will relearn them through direct and avoidable failures. Freaking frustrating, tbh.

Whoever does not keep up with this segmemt -- Vanguard, Fidelity, JP Morgan, MS, Citi -- whoever it is will buy Robinhood. 3-5 years.

Exactly, sports betting and gambling have been legalized, if anything I think margin trading is a LESS risky than gambling??