Robinhood Zero-Fee Trading App Makes Millions By Selling User Trading Data To Wall Street Traders | XBT.net

in #dlike • 6 years ago

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Reports reveal that Robinhood App is actively used in a scheme that involves the sale of their user's data to high-frequency trading (HFT) brokers on Wall Street.


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6 years ago in #dlike by
$3.11
  • Max accepted payout: $30.00
  • Past Payouts $3.11, 0.00 TRX
  • - Author $2.44, 0.00 TRX
  • - Curators $0.67, 0.00 TRX
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    • [-]
     6 years ago 

    "Zero-Fee Trading App"*

     

    *The fee was your private trading data all along.

     

    When they tell you "no fee" ask them "what are you taking from me instead"?

    $0.02
    • Max accepted payout: $30.00
    • Past Payouts $0.02, 0.00 TRX
    • - Author $0.02, 0.00 TRX
    • - Curators $0.01, 0.00 TRX
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    [-]
     6 years ago 

    To be fair paid apps do it as well.

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      [-]
       6 years ago 

      Which ones?

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        [-]
         6 years ago (edited)

        Maybe time for Robinhood users to, check out ETHOS? and their trading app...?

        Im so Resteeming this!

        /FF

        [-]
         6 years ago 

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          [-]
           6 years ago 

          They don't have fees so they have to make money somehow... there is no free lunch...

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            [-]
             6 years ago 

            Paid ones can do it as well if they wanted to :(

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              [-]
               6 years ago 

              Great research. Thanks for keeping us informed.

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