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The company is named after Robin Hood, based on its mission to "provide everyone with access to the financial markets, not just the wealthy", with no commissions or minimum account balances. [3] [4] The company has been referred to as an innovator in zero-commission stock trading, as it relies on other sources of revenues. [5]
Founded just 11 years ago, this online brokerage reshaped the financial landscape by introducing commission-free trading for stocks, ETFs, and options, forcing traditional players to adapt.
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Robinhood expanded to the U.K. in March with its commission-free stock trading offering. The company had briefly promised margin trading but took this down from its website afters it launched ...
Robinhood democratized trading in 2014 by providing the first commission-free mobile alternative to Wall Street brokerage accounts. Why it was chosen : Robinhood customers can trade stocks, ETFs ...
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The sentiment recalls the criticism Robinhood faced since June 2020 when Alex Kearns, a Robinhood customer, took his own life after he mistakenly believed he had lost $750,000 trading derivatives ...