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Robinhood is owned by the same people who own citadel, if you followed the gme stuff And if you place limit orders, you'll never get an execution at a price that is less favorable than your limit They make money by selling your order flow to citadel's high frequency trading hedge funds

So who wants Cuba? | TexAgs

But, if you are indexing away in a vanguard etf say, that order flow / worst legally allowed execution on trades doesn't really matter. Like less than a penny per share The robinhood investment account sync is kind of a mess so i just do it manually now in empower

I've talked to a robinhood rep on chat, but it seems hard to get firm answers on specific situations

My ira has a money market mutual fund (spaxx) that robinhood says they don't support I have less than a dollar in that fund, but i assume fractional shares will get sold and pushed to that fund since robinhood doesn't support them either. Robinhood lets you place a trade order before the market opens, but i wasn't actually looking to 'buy' I just wanted to confirm that the stock was available first, and got this message:

Robinhood doesn't allow for beneficiary designation Rather than having to wait through the probate process for my heir (s) to get the assets in the robinhood account, is it possible the account could be put into a trust, like my home, to avoid the probate process? I read that robinhood doesn't offer mutual funds, so you probably can't buy vtsax there Note at robinhood your trading data is the product they sell to hedge funds

In terms of how they make money, hedge funds are their clients

I don't like that kind of conflict of interest For new investors, vanguard offers a lot of safe choices. Robinhood is only different in its margin features Stockpile sells giftcards at outrageously marked up prices but has very low commission otherwise.