Robinhood Brokerage

[slowtraveler]

I've signed up for an account with Robinhood and I'm considering funding it. Anybody have any experience with it so far?

Pros:
Listed on SEC as having the 500k government insurance in case of brokerage failure.
Free domestic stock purchase and selling.
Beautiful interface.

Cons:
Support doesn't seem particularly skilled.
New.
No automatic dividend reinvestment.

They seem to make their money through margin accounts and international trading.

[ether]

I like it an use it!
The limit orders can get wonky, but overall pretty damn good for free

[Chris]

I'm suspicious. Their target market seems to be noobs (free trading, nice interface) but their money-making product is targeted at experienced investors. The "freemium" model is pretty common, but jumping from free trades to trading on margin? I don't see the uptake. There's probably other ways they make money off of users (maybe front running).

Not saying that discount brokers aren't front running... but without a sustainable revenue stream, they might be more more apt to wring out extra pennies using less traditional methods. Once the VC money runs out at least.

[BRUTE]

probably aiming to get acquired by a big bank within a few years to get access to the customer base