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It might have some success, but I doubt it will come close to the likes of TD or E-Trade. I just don't think the way that they plan on bringing in money will work. While fees on margin trading and premium services for active investors sounds good in theory, I don't know how many big accounts will be opened with Robinhood. The investors/traders that would trade with high leverage and purchase premium services are probably not really bothered by broker commissions, so why would they switch to a different platform?
That being said, I'm definitely going to open an account and play around with it
Interesting. Google is going to take over finance next?
I came here prepared to talk shit about a fictional character.
You still can. Seriously, why does Robin Hood dress up like that? What a fairy. (For those that watch Once Upon a Time) and he's Regina's true love? Come on LOST writers, come on now...
P.S. I plan on having a small account in Robinhood for active trading.
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