Recently, other brokerages jumped on the bandwagon. Robinhood charges a monthly fee for a unique margin service called Robinhood Gold. ... Robinhood started the trend of free trading. No broker can function without revenue. This app is a scam. Aside from Gold, the only fee you should … The trading commission is only one piece.
Of course there are hidden costs. ... a brokerage may provide an … Robinhood does not charge fees, unless you explicitly choose to sign up for Robinhood Gold which (for small accounts) charges between $6 and $10 per month. The fee isn’t a percentage of money borrowed, as with a traditional margin service; but rather it is a flat monthly … Brokers also make money from underpaying interest on your cash balances and from …
The Hidden Costs Of Commission-Free Trading. 150 in hidden fees I tried to deposit funds, the.money already left my bank account, they tried to make a bunch of withdrawals again (after two weeks) and charged me $150 in fees.