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Reply to "Is Robinhood legit?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience? [/quote] Robinhood makes it very easy to trade on margin. Fidelity, Vanguard, and Schwab make it very hard [/quote] 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.[/quote] Whoever does not keep up with this segmemt -- Vanguard, Fidelity, JP Morgan, MS, Citi -- whoever it is will buy Robinhood. 3-5 years.[/quote]
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