Robinhood Gold Review: $10 a Month For Extended Trading and Interest-Free Margin — My Money Blog
The Robinhood app became well-known for their free stock trades and sleek app-only interface. People wondered, how will they make money? Well, they just announced one way – Robinhood Gold , a premium plan starting at $10 per month with the following highlights. Extended hours trading. In addition to standard trading hours, you can start trading a half-hour earlier (pre-market) and two hours later (after-market). Additional buying power. The equivalent of a margin account, or a line of credit for the stock market. You get up to 2x your buying power so you can invest more, and keep any profits. You pay no interest, just the flat monthly fee. Bigger instant deposits. Instant Reinvesting lets you access proceeds from a stock sale immediately, instead of having to wait for it to settle. Instant Deposit eliminates the three-day wait period for funds to transfer from your bank into Robinhood. Let's look at these features more closely. Extended hours trading.. Traditionally,Read full article from Robinhood Gold Review: $10 a Month For Extended Trading and Interest-Free Margin — My Money Blog
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