Robinhood: $0 Commission Stock Brokerage

#Money

Mon, Dec 16th, 2013 12:00 by capnasty NEWS

Venture-funded by Google, Andreeseen Horowitz "and many others," Robinhood can provide a full brokerage experience without charging the standard $10/trade commission thanks to being fully automated.

Robinhood started with the idea that a technology-driven brokerage could operate with significantly less overhead.

We cut out the fat that makes other brokerages costly — hundreds of storefront locations and manual account management.

That means we don’t need to charge trade commissions and hidden fees.

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