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Comment by lalos | Hacker News Reader

Fidelity iOS app even has a beta toggle that sprinkles that UI/UX competitive advantage that Robinhood pioneered in the space. Anyhow, I wonder how much revenue decline is expected post-IPO, one would assume that they hyper-optimize KPIs 1-2 years before IPO to have good metrics and then those strategies do not continue in the longer term.

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I've used Fidelity's new UX, as well as Vanguard's, and both are still way behind Robinhood in terms of just usability, nevermind addictiveness. Robinhood also makes it easy to take on insane amounts of risk through options and margin whereas that kind of leverage is difficult to achieve elsewhere.

Fidelity's offering is fine. I don't need confetti to confirm my trades.

You're saying replacing red negative numbers with poop emojis wouldn't just make your day?

"both are still way behind Robinhood in terms of ... addictiveness."

Good.

You used to be able to move funds into vanguard + purchase in a single submission in Vanguard (though clearly multiple steps on their end).

The new app seems to only offer sending money to money market settlement, before waiting two days to transact.

A real pain of a change, unless I'm missing a way to do it.

At least via the web interface for Vanguard the way I do it is start with a buy order, and then when it says "where funded" hit "new deposit" or whatever it is.

They then let me buy whilst the money is inflight.

Good to know the web still allows it - will do that in the future. Thank you!

Insane amounts of risk and long-term customers don’t usually go together.

Casinos do fine. Robinhood probably won't be the next Vanguard but they've essentially created the casual betting market version of investing.

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