One of the selling point is that they got no commission fee. However, do i own all shares of stock I had in the account even after their liquidations? And I do own the actual stock after purchasing through their systems instead of futures or options, am I correct?
Hey – I'm an entrepreneur with extensive experience trading stocks and crypto. Both of them are online broker platforms that will let you do the same basic things. Robinhood is branded and packaged as a disruptor and designed more for the digital native set, whereas Charles Schwab is a little more of a traditional online broker in the vein of E-Trade.
Yes, you own all shares of stocks you buy through either platform, and you're able to buy stocks, futures, and options on either one. Robinhood is a little more geared towards brand new investors, whereas Schwab has a fuller feature set. Robinhood also allows you to trade cryptocurrencies.
I'd personally recommend Schwab, but both platforms will allow you to trade, learn, and grow. If you have any more questions I'd be happy to set up a call. Good luck trading!
Answered 2 years ago