Robinhood Reinvents Stock Trading Without The Fees

Robinhood is a commission-free stock trading app available to anyone with a smartphone. Launched a year ago, the app looks like it should be used to hail a ride, but more than $2 billion in trades have been executed on the platform, completely free of charge. They hope to make money via the interest on cash in customers’ accounts and by lending people money to buy stocks on margin. They have raised $66 million from top investors. “Financial services is blending in with information technology,” says Tenev, 28. “The next-generation financial companies getting started right now are all to some extent software companies.” Subscribe to FORBES: http://www.youtube.com/forbes Check out our full video catalog: http://www.youtube.com/user/forbes/videos Follow FORBES VIDEO on Twitter: http://www.twitter.com/forbesvideo Like FORBES VIDEO on Facebook: http://fb.com/forbesvideo Follow FORBES VIDEO on Instagram: http://instagram.com/forbesvideo For more FORBES content: http://forbes.com

Comments

1. when this go out in Europe and in France ?
2. fucking lame. ONLY three, yes, THREE trades every FIVE fucking days.
3. Sounds like a ponzi scheme.
4. Please use my referal link to sign up for robinhood.Thanks. I've been using Robinhood to trade stocks for free. Check it out on the App Store! http://share.robinhood.com/jasenr
5. http://share.robinhood.com/stevenn27 if you guys want to start trading
6. I made 0.30 cents today with ford stock, yay