Questions

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?

I believe you mean Robinhood.

Charles Schwab is a old traditional brokerage which Robinhood is more marketed towards 20-30 year olds.

Robinhood has clean simple interface...so its very easy for newbies to trade. but that also mean easy to make mistakes.

I have Schwab, Robinhood among other brokers like Interactive brokers,

With Schwab you will find a higher level of customer service.

Commissions are zero for stocks and ETFs on both the platform.

Some differences:
-Robinhood also has a crypto exchange while schwab does not
-With Schwab you can buy bonds, CDs, mutual funds and with Robhinhood you can not.

also whether you purchase stocks from robinhood or Schwab it means the same thing...you are the owner of those stocks.


Answered 8 months ago

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