Alpha Beta Blog
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Alpha Beta Blog

Robinhood Lies To Customers And Gets Away With It

Photo by MayoFi on Unsplash

Robinhood flat out lied to customers claiming great execution when in fact its users were often getting bad pricing on trades with Robinhood pocketing the difference. Robinhood predominantly makes money by selling the right to execute your stock or options trade to the highest bidding high frequency trading firm. This business model is akin to Robinhood saying, “Hey if you pay me enough, I will let you…

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Tony Yiu

Tony Yiu

Data scientist. Founder Alpha Beta Blog. Doing my best to explain the complex in plain English. Support my writing: https://tonester524.medium.com/membership