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The 2020 Stock Market Crash Thread
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<blockquote data-quote="EndlessGravity" data-source="post: 1462584" data-attributes="member: 18289"><p>In the US, it's zero commission trades and zero IRS fees outside whatever your taxes are. That's for junk platforms like Robinhood, which take about $.01 skim off your entries, both in and out. I can't speak to their options trades for skimming but it's crazy to me that people use that crappy platform for any serious trades. </p><p></p><p>Having dealt with some of their ranks, they seem to be staffed by idiots who don't fully understand trading or technology. I always assumed they were a bit of a ploy to get more liquidity into the markets, along with apps like Acorn.</p></blockquote><p></p>
[QUOTE="EndlessGravity, post: 1462584, member: 18289"] In the US, it's zero commission trades and zero IRS fees outside whatever your taxes are. That's for junk platforms like Robinhood, which take about $.01 skim off your entries, both in and out. I can't speak to their options trades for skimming but it's crazy to me that people use that crappy platform for any serious trades. Having dealt with some of their ranks, they seem to be staffed by idiots who don't fully understand trading or technology. I always assumed they were a bit of a ploy to get more liquidity into the markets, along with apps like Acorn. [/QUOTE]
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