11/3/2023 0 Comments Use robinhood app![]() ![]() In June this year, for the first time, it logged more trades among its customers than any of the big established brokerages. ![]() Robinhood has enjoyed explosive growth this year, signing up more than three million customers, taking it to more than 13 million and bringing it close to the total that Schwab had before the Ameritrade takeover. Then, late last year, Schwab bought Ameritrade for $26bn. The move proved so disruptive that many of them were forced to cut or even abolish their trading commissions. ![]() Launched in 2015, it quickly threw down the gauntlet to the big established US retail stockbroking platforms - Charles Schwab, TD Ameritrade, Fidelity, Vanguard and E-Trade - by offering fee-free trading. Image: Robinhood's platform was designed for use on smartphones
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