Something about Robinhood just makes me uneasy - clearly their main target market is the small retail investor who is sensitive to a $7/trade fee, but the low friction, mobile-first no fee stock trading experience they've created mostly serves to encourage bad investor behavior i.e. emotional, irrational day trading among people who can least afford it.
Now they are "democratizing" margin trading (Robinhood Gold), options trading, and crypto...no professional investor who actually knows what he/she is doing is going to be served well by a mobile trading app - this is a play for the mostly uneducated retail investor (and small minority of knowledgable retail traders) who has no idea what they're getting into when they buy a call option in X or trade btc on margin.
I remember seeing on their social a now deleted tweet that read "Trade fast, die young." Ugh.
Now they are "democratizing" margin trading (Robinhood Gold), options trading, and crypto...no professional investor who actually knows what he/she is doing is going to be served well by a mobile trading app - this is a play for the mostly uneducated retail investor (and small minority of knowledgable retail traders) who has no idea what they're getting into when they buy a call option in X or trade btc on margin.
I remember seeing on their social a now deleted tweet that read "Trade fast, die young." Ugh.