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Comment by d33lio | Hacker News Reader

They deserve every single bit of this. Please use a real reputable broker / platform like Schwab. Sure, they don't have a mobile app - but they also don't sell your trading info to front-runners, actively manipulate the charts they show you to influence your decisions and let their platform crash and just tell you "thats how things go".

edit - I didn't realize Youtuber RH fanboys read hacker news...

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Schwab also receives payment for order flow (AKA selling your orders): https://www.schwab.com/legal/order-routing-1. In fact, every retail brokerage I'm aware of receives payment for order flow. Schwab also has outages although not as bad as Robinhood was this year.

Is Interactive Brokers not considered a retail broker?

IBKR has two tiers. Their free "lite" tier (targeted at retail) receives payment for order flow. Their Pro tier (which charges a monthly fee) does not.

Sure, but they don't promote buying crypto as an "investment". Tbh, I don't really have the patience to argue over this.

> An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth. https://www.investopedia.com/terms/i/investment.asp

Buying Beanie Babies or tulip bulb futures or cryptocurrencies because you expect the value to increase over time is absolutely an "investment". They might be good or bad ideas to invest in, but they're without a doubt an investment.

Then don't, because clearly you made incorrect claims to start with.

I hate to break this to you but front running happens all the time in finance. In fact that’s the entire business model for bulge bracket trading desks. I know it’s easy to point fingers at RH but what they’re doing is very benign.

Actually, brokers like Schwab do have mobile apps. They might not be as polished or pretty as RH but a lot of the bigger brokers have mobile apps which let you trade from your phone.

https://www.schwab.com/mobile

Just FYI, Schwab does have a mobile app. I don’t like the vertical charting as much as Robinhood, but you can still trade stocks and options through it. If you want to trade bonds or some of the more exotic stuff you need the website.

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