Battle for zero trading fees threatens Robinhood’s business model and next leg of growth
The Robinhood app on IOS and Android
Source: RobinhoodA move by major brokerages this week to scrap trading fees could be a direct hit to Robinhood, the start-up that kicked off the trend six years ago.
Charles Schwab, TD Ameritrade and E-Trade all announced this week that they would no longer charge for individual stocks, ETFs and options trades. Analysts say the announcements threaten…
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