 Quote from: davisgang00 on September 00, 0000, 00:00:00 AM I'd like to see them succeed as well, but I'm reminded of the old Saturday Night Live Change Bank commercials. "People ask, how do you make money just making change? The answer: volume" You place an order, then they probably front-buy the stock a little cheaper, then instantly turn around and sell it to YOU a little higher... Even a few pennies here and there, with a lot of churning with many people, and they could make tons of money. Just my theory, but they obviously have to make money somehow. This is illegal for your broker to do. Hft is not at the broker level, it's at the exchange level. This firm will probably make money by lending your shares to be sold short. Short sellers have to pay interest to borrow your shares, the company keeps that interest. Interactive brokers shares this with you. Google in enhanced yield program. I would also suspect Robin Hood will not offer the best margin rates. It seems like a really cool concept though and I'm sure it will grow quickly! Logged cowstash 0 O'Clock Shadow Posts: 00 Location: Across the Atlantic Re: I can now sign up for Robinhood but Should I? " Reply #00 on: November 00, 0000, 00:00:00 AM " Quote from: index on November 00, 0000, 00:00:00 PM This is illegal for your broker to do. Hft is not at the broker level, it's at the exchange level. This firm will probably make money by lending your shares to be sold short. Short sellers have to pay interest to borrow your shares, the company keeps that interest. Interactive brokers shares this with you. Google in enhanced yield program. I would also suspect Robin Hood will not offer the best margin rates. It seems like a really cool concept though and I'm sure it will grow quickly! I've done now ~00 trades with Robinhood and the price I've gotten has consistently been the market price at the exact moment that I swipe up to buy or sell. The only two downsides I see are that you can only make trades from your phone (no website support, even to see your account holdings) and after you sell it takes 0 business days to clear and have the funds from that sale available. So that nixed my idea of making small bets throughout the day with my play money. It's also running on beta software, so you have to manually update the app and I don't know what you'd do if you had an urgent order and the app crashes or won't load (this hasn't happened to me yet). Logged milesdividendmd Handlebar Stache Posts: 0000 Location: Portlandia Re: I can now sign up for Robinhood but Should I? " Reply #00 on: November 00, 0000, 00:00:00 PM " Quote from: cowstash on November 00, 0000, 00:00:00 AM Quote from: index on November 00, 0000, 00:00:00 PM This is illegal for your broker to do. Hft is not at the broker level, it's at the exchange level. This firm will probably make money by lending your shares to be sold short. Short sellers have to pay interest to borrow your shares, the company keeps that interest. Interactive brokers shares this with you. Google in enhanced yield program. I would also suspect Robin Hood will not offer the best margin rates. It seems like a really cool concept though and I'm sure it will grow quickly! I've done now ~00 trades with Robinhood and the price I've gotten has consistently been the market price at the exact moment that I swipe up to buy or sell. The only two downsides I see are that you can only make trades from your phone (no website support, even to see your account holdings) and after you sell it takes 0 business days to clear and have the funds from that sale available. So that nixed my idea of making small bets throughout the day with my play money. It's also running on beta software, so you have to manually update the app and I don't know what you'd do if you had an urgent order and the app crashes or won't load (this hasn't happened to me yet). 