Wednesday, December 25, 2013

How to Buy Stocks Without Paying a Commission Part 3

If you missed my previous articles on buying stocks without paying a commission, you can check them out here:

How to Buy Stocks Without Paying a Commission: 10 Different Ways

4 More Ways to Buy Stocks Without Paying a Commission 

Many of the suggestions were the special deals offered by certain stock brokerage firms, such as 30 days of no commissions at tradeMONSTER, or OptionsHouse trade free for 60 days, or commission-free trades on certain ETFs at Firstrade.

However, there is now a new firm on the horizon that will allow you to trade commission free, with no minimum balance in your account. The company is called  and does not charge any commissions. The company's web site says:

"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"

Robinhood is a registered broker-dealer and member of FINRA, with accounts insured by SIPC. It will make its money from interest charged on margin trading and API access fees. They will also charge for premium services.

For more information, click HERE.

No comments: