I just joined Robin Hood. They are an online stock brokerage company. Just like the rest, Merril Edge, Charles Schwab, etc., however no stock trading charges and they offer a free stock when you join up with a members link, here is my link https://share.robinhood.com/arthurf121 click on it or input in your browser join and receive a free stock! I didn’t get Apple or Facebook, My free stock was DENBURY RES INC stock symbol, DNR, which is trading at about $5.59, oil and gas exploration company. Some stock but with with postive earnings per share, thanks Robin Hood.
How do they make their money, you ask? According to Robin Hood much like a bank. Robinhood Financial makes money from its margin trading service, Robinhood Gold, which starts at $6 a month. Additionally, Robin hood earns revenue by collecting interest on the cash and stocks in customer accounts, much like a bank collects interest on cash deposits.
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
Filed under: Stock Brokerage
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