Robinhood is a No-Charge Stock Trading App
Megan Facciuolo — April 18, 2014 — Tech
This stock trading app will be the first broker you ever visited that doesn't charge you for each trade. The new app called 'Robinhood' is the first broker to not charge you for any of trading. Each trade you make can usually cost up to $10, but Robinhood is charge-free and doesn't make any commission off your trades.
Though the app is named after a iconic thief, it does not steal money from you. Even those who held back on buying stocks in the past because of all the extra brokerage costs can now afford to play the market the way they want to.
This app could change the face of Wall Street. It operates completely differently by using less overhead and was built by a trust-worth team with a resume that includes Stanford, MIT, Caltech, Pixar, Oracle and Facebook.
Though the app is named after a iconic thief, it does not steal money from you. Even those who held back on buying stocks in the past because of all the extra brokerage costs can now afford to play the market the way they want to.
This app could change the face of Wall Street. It operates completely differently by using less overhead and was built by a trust-worth team with a resume that includes Stanford, MIT, Caltech, Pixar, Oracle and Facebook.
Trend Themes
1. Charge-free Trading - Robinhood's no-charge trading disrupts the traditional brokerage model by eliminating trading fees.
2. Accessible Stock Trading - Robinhood's app opens up stock trading to those who previously avoided it due to high brokerage costs.
3. Disruptive Brokerage Technology - Robinhood's use of technology and low overhead costs could revolutionize the way Wall Street operates.
Industry Implications
1. Financial Technology - Robinhood's app represents a disruptive innovation in the financial technology industry, offering a new model for brokerage services.
2. Stock Trading - Robinhood's charge-free trading app has the potential to disrupt the stock trading industry, making it more accessible to a wider range of individuals.
3. Mobile App Development - Robinhood's self-brokering app showcases the potential for disruptive innovation within the mobile app development industry, challenging the traditional brokerage model.
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