From which broker can you get the best online stock trade? Most stock trading companies charge
between $5 and $10 for each stock transaction. Up until a few years
ago, $5 was the lowest you could get for buying and selling stocks.
However, now there's a brokerage that offers $0 commission:
Zero Commission? How Is That Possible?
With buying and selling stocks being
mostly automated by computers, stock trading already costs brokerages
virtually nothing. However, with the need to raise money in order to
pay for expenses incurred by physical locations, professional
brokers, financial advisers, customer service, etc. most brokers have
neglected to reduce their trade prices.
Robinhood has taken advantage of the
computer automation of stock trading, and passed all the savings onto
investors in the form of $0 commission trades, making them the best
online stock trade brokerage.
Robinhood makes money in same way as a
bank would, including collecting interest from borrowed money when
people use a margin account, as well as accrued interest from
customers' uninvested money. Robinhood also makes money from people
investing directly in them. Already, Robinhood has made over $66
million just from investors wanting a piece of the company.
With few employees needed to run the
business, Robinhood has huge profit potential as a brokerage, even
while offering $0 commission trades.
Best Online Stock Trade: Benefits of
Robinhood is a member of FINRA
(Financial Industry Regulatory Authority) and SIPC (Securities
Investor Protection Corporation), which means your money is protected up to $250,000 in the same way a bank insures their account-holders money. The primary benefits they offer
No Minimum Balance
$0 Commission Trades
Trading with Robinhood is perfect for
practicing day-trading (Find out How to Day-Trade with Less Than
$25,000) as well as for swing trading, which is another reason they
are the best online stock trade brokerage.
Mobile App for Google and Apple
Currently, Robinhood's trading platform
is only available for Google Android OS and Apple iOS. The trading
app cannot be used on a traditional computer or web-browser. If you do not currently own an Apple iPad or Google Tablet, spending a
little bit extra in order to access virtually unlimited free trades
through Robinhood's app is well worth it.
Here's the link to Robinhood's website. Note: No one from InvestGrowRepeat.com receives any commission from
referring Robinhood. This recommendation is from personal experience of using Robinhood's trading app, and from a sincere appreciation of
Want to easily calculate your stop-loss
and profit goals?
Download this easy-to-use Stock Profit
Calculator. Just type in the stock price and it will automatically
fill with stop-losses and profit goals. You can also change the
percentages to match your personal needs, as well as enter in your margin use in order to keep your stop-loss at -1% of your account value.
The cost is only $1, which is just to help cover the costs of the automated system to send you the Calculator.
This website is for informational purposes only. The authors of this website are not registered investment/legal advisors and do
not offer legal investment/legal advice. You, the reader, bear responsibility for
your own investment/legal decisions and should seek the advice of a qualified
securities professional/lawyer before making any investment/legal decision.