what do discount brokerage firms think about Robinhood?

Yeah, market is in bubble mode. You just don't see this during your run-of-the-mill market conditions:

 

who would let their balances rise if they are not getting the int ?

 

That was......weird.

 

if they trade with larger balances their cash balances will also increase.

 

again, what serious investor would let their cash balances sit and not earn interest ? that was the posters point as to how RH made money. My point..it is not a viable b model.

 

you answered the question yourself.these are beginning investors the avg, account size is 1k.
what are they giving up? they make it back on the 1st commission free trade.

 

Do not know the regulations, but can brokerage firms like these trade on the funds available to them via clients or use these funds in partial as collateral to take margin and then trade on them.

 

I am waiting for the desktop version. It seems like it would be confusing to manage a trading portfolio on a phone screen. Have you found it difficult to manage all of your positions on a small phone screen?

The greatest value of free trading is you can take small positions without getting hammered on the percentage. If you take a $200 position and its a $6 trade fee, that is 3% in. If you then sell, that's 3% out. So if you wanted to buy and sell a $200 position after a year, you are out 6%. That's a huge drag on gains. So I'm looking forward to the desktop version. I'll use Robinhood to take small positions in lots of different things.

 

Can foreign investors outside of U.S become customers of RobinHood? Does Robinhood take on only local American retail investors?

 

Robinhood wants either SS# or passport and if foreign national then a US visa stamp or residency status. No foreign accounts at this moment except for Australia.