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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Robinhood Zero-Fee Trading App Makes Millions By Selling User Trading Data To Wall Street Traders | XBT.net
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"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"?
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To be fair paid apps do it as well.
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Which ones?
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Maybe time for Robinhood users to, check out ETHOS? and their trading app...?
Im so Resteeming this!
/FF
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They don't have fees so they have to make money somehow... there is no free lunch...
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Paid ones can do it as well if they wanted to :(
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Great research. Thanks for keeping us informed.
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