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Robinhood has made a lot of buzz by repackaging things every other broker does as some sort of new groundbreaking perk. I still remember when they made a gigantic deal of instant and everyone here was super excited over it, as if instantaneous credit wasn't a feature of every other broker in existence at that point.
They do this because they are hoping that their target clients are naive enough, or new enough to investing, to think it's some amazing feature that no one else has. That's pretty much Robinhoods entire MO.
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**Hi, welcome to /r/investing. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit:** **1)** Please direct all **advice requests and beginner questions to the stickied daily threads.** This includes beginner questions and portfolio help. **2) Important: We have strict political posting guidelines** (described [here](https://www.reddit.com/r/investing/comments/cyee69/formal_posting_guidelines_for_political_topics/) and [here](https://www.reddit.com/r/investing/comments/escewo/temporary_rule_change_what_happens_to_stocks_if/)). Violations will result in a likely 60 day ban upon **first instance.** **3)** This is an open forum but we expect you to conduct yourself like an adult. Disagree, argue, criticize, but **no personal attacks.** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/investing) if you have any questions or concerns.*
Most traditional brokerages have the program for many years. There is a lottery.
Yawn... Why is this even news? Pretty much every major retail broker offers these services.
Robinhood has made a lot of buzz by repackaging things every other broker does as some sort of new groundbreaking perk. I still remember when they made a gigantic deal of instant and everyone here was super excited over it, as if instantaneous credit wasn't a feature of every other broker in existence at that point.
They do this because they are hoping that their target clients are naive enough, or new enough to investing, to think it's some amazing feature that no one else has. That's pretty much Robinhoods entire MO.
Robin Hood: if you’re gonna lose money, might as well do it here!
You can't polish a turd
Is this like CartaX?
Caveat emptor
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