I came across this very exciting article on Buzzmoney earlier today and wanted to share it with my readers. The App is currently in its beta test phase but you can sign up and test it now.
Robinhood is a new trading app that promises users free trades and no account minimums! What an amazing new app! I for one will be installing it and testing it very soon, I will review it and report on here if it really delivers! The company’s business model is to make money only on margin trading, interest on cash deposits and payment for order flow. They will not be charging the usual $5-$10 per trade like so many other more conventional brokers charge!
For more helpful tips and info on reducing broker fee’s etc check out my other articles such as my article on how i saved $10,000 last year by simply negotiating with my broker for reduced fee’s. The potential for this new app to save the average trader thousands of dollars a year is simply amazing!