Trade stocks for free with robinhood brehs

[El_Mero_Mero]

I have heard some people in the past complain about hidden fees with RobinHood. Can someone explain this to me please? Let's look at this imaginary scenario:

I buy 1 share of stock COLI for $100. Then 3 months later after it going up and down in price, it settles back at $100 per share, and I sell my share.

When (how) does Robin Hood get it's cut?

I know that I have to claim my stocks on my taxes as well, and there may be fees that I incur at that period in time, but if I'm only using Robin Hood for basic buying and selling (no other features that hey advertise), when do they take a cut?

 

[Responsible Allen Iverson]

I have heard some people in the past complain about hidden fees with RobinHood. Can someone explain this to me please? Let's look at this imaginary scenario:

I buy 1 share of stock COLI for $100. Then 3 months later after it going up and down in price, it settles back at $100 per share, and I sell my share.

When (how) does Robin Hood get it's cut?

I know that I have to claim my stocks on my taxes as well, and there may be fees that I incur at that period in time, but if I'm only using Robin Hood for basic buying and selling (no other features that hey advertise), when do they take a cut?

Robinhood takes the interest from the uninvested money in your account

 

[El_Mero_Mero]

Robinhood takes the interest from the uninvested money in your account

Is that it? If someone else knows of another way that they would profit in the above scenario that I listed, please let me know. I had heard about fees. Taking interest off money that I just have sitting in the account, I wouldn't consider a fee. Appreciate the response though.

 

[Youseenmywork]

I don't know if there is a thread on this but for a limited time robinhood will give you and me free shares of different companies if you open a new account. Let's get money!

There's A Free Stock Waiting For You

I appreciate this fam

 

[Swirv]

Is that it? If someone else knows of another way that they would profit in the above scenario that I listed, please let me know. I had heard about fees. Taking interest off money that I just have sitting in the account, I wouldn't consider a fee. Appreciate the response though.

They also have a monthly fee if you sign up for Robin Hood gold. That membership allows you to trade on margin and other benefits. You gotta be careful with this because if your trades go against you, you’ll owe money.

 

[mson]

TechCrunch is now a part of Verizon Media

 

[Swirv]

Rh was messing up today. They should offer us something for missing trades.

 

[princeofhaiti]

switching to e trade as soon as im able to liquidate my stocks

 

[mson]

I'm still leaving what little I have for cash management.

 

[Rich Spirit]

Anyone here use Stash?

 

[SuavePrince]

Webull

 

[humminbird]

got a td ameritrade account.
Think or Swim is an amazing software

 

[Jordan>>LeFrozen]

Nikkas should start up referring those who don’t yet have Robinhood but gonna download it and get free stocks lol

 

[GunRanger]

Nikkas should start up referring those who don’t yet have Robinhood but gonna download it and get free stocks lol

Youre better off going with another broker. Rh just isnt as reliable or necessary now that other brokers have no fees either

 

[Jordan>>LeFrozen]

Youre better off going with another broker. Rh just isnt as reliable or necessary now that other brokers have no fees either

Which ones would you recommend?