Trading RobinHood? Better Dont If you Care of Privacy
RobinHood lets you Invest in stocks, ETFs, options, and cryptocurrencies, all commission-free, right from your phone or desktop. They take no fees and platform is superb easy. Hence it got popular lately especially that they have added crypto.
Currently you can trade there:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Bitcoin SV (BSV)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
Sadly news came out - they are selling data of customers to high frequency traders.
So when something is free.. you are the product.
Copy or report below if it changes or goes offline..
Material aspects of relationships with market centers:
Apex Clearing Corporation – Robinhood receives payment from Apex Clearing Corporation for directing
equity order flow to this venue. Payment varies based upon a number of factors including but not limited
to: the type of security, time of order placement, and the underlying price. Payments received averaged
less than $0.00008 per dollar of executed trade value for order flow in the third quarter 2018.
Citadel Execution Services – Robinhood receives payment from Citadel Execution Services for directing
equity order flow to this venue. Payment varies based upon a number of factors including but not limited
to: the type of security, time of order placement, and the underlying price. Payments received averaged
less than $0.00026 per dollar of executed trade value for order flow in the third quarter 2018.
Two Sigma Securities, LLC – Robinhood receives payment from Two Sigma Securities, LLC for directing
equity order flow to this venue. Payment varies based upon a number of factors including but not limited
to: the type of security, time of order placement, and the underlying price. Payments received averaged
less than $0.00026 per dollar of executed trade value for order flow in the third quarter 2018.
G1 Execution Services, LLC – Robinhood receives payment from G1 Execution Services, LLC for
directing equity order flow to this venue. Payment varies based upon a number of factors including but not
limited to: the type of security, time of order placement, and the underlying price. Payments received
averaged less than $0.00026 per dollar of executed trade value for order flow in the third quarter 2018.
Wolverine Securities, LLC – Robinhood receives payment from Wolverine Securities, LLC for directing
equity order flow to this venue. Payment varies based upon a number of factors including but not limited
to: the type of security, time of order placement, and the underlying price. Payments received averaged
less than $0.00026 per dollar of executed trade value for order flow in the third quarter 2018.
Virtu Financial, Inc. – Robinhood receives payment from Virtu Financial, Inc. for directing equity order flow
to this venue. Payment varies based upon a number of factors including but not limited to: the type of
security, time of order placement, and the underlying price. Payments received averaged less than
$0.00026 per dollar of executed trade value for order flow in the third quarter 2018.
Robinhood receives payment for execution of options contracts. Payment received averaged less than
$0.50 per contract for order flow executed in the third quarter 2018.
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Robinhood is a broker. That means it is not able to buy or sell stocks directly. Instead, it routes orders to agencies which are able. If they don't route them, they would either be unable to perform what customers were asking on their orders or would be performing it on-the-paper and lying to their customers.
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As many say similar to centralized social media, if it is free and doesn’t sell a product, you are the product!
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Yep you are indeed the product.
Sadly people doesn’t know or they don’t read the fine line.
Keep on postin
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