Reports reveal that Robinhood App is actively used in a scheme that involves the sale of their user's data to high-frequency trading (HFT) brokers on Wall Street.
Source of shared Link
Robinhood Zero-Fee Trading App Makes Millions By Selling User Trading Data To Wall Street Traders | XBT.net
Source of shared Link
"Zero-Fee Trading App"*
*The fee was your private trading data all along.
When they tell you "no fee" ask them "what are you taking from me instead"?
To be fair paid apps do it as well.
Which ones?
Maybe time for Robinhood users to, check out ETHOS? and their trading app...?
Im so Resteeming this!
/FF
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They don't have fees so they have to make money somehow... there is no free lunch...
Paid ones can do it as well if they wanted to :(
Great research. Thanks for keeping us informed.