The commission-free trading app valued at $5.6 billion continues to diversify its offering.
Commission-free trading app Robinhood is updating the list of stocks that it offers to its clients. The company has announced in a blog post that it is enabling trading of American Depositary Receipts (ADRs). The addition will provide clients with over 250 new global stocks to select from.
The new shares, which will be available for commission-free trading, include companies listed in Canada, China, Germany, Japan, and the United Kingdom. The list includes companies such as Adidas, BMW, Heineken, Tencent and Nintendo, and extends the no-fee trading trend at retail-focused outlets.
Robinhood has been at the core of an industry-wide trend in the US, as retail traders started getting access to the market for little or no fees. The ongoing expansion of available assets will continue in the coming months with the addition of French stocks.
Commission-Free Trading for Retail Investors
US retail investors have been eagerly embracing the evolution of the brokerage market place. Robinhood has become a pioneer in the industry, with a massive user base currently estimated at about 5 million accounts. The company is valued at $5.6 billion following its latest Funding Round.
JP Morgan’s app 'You Invest', which debuted this week, is the company’s response to the massive decline in retail investors commissions. The big bank’s response to companies like Robinhood is to provide its clients with 100 free trades per year.
Low commissions brokerages such as Charles Schwabb, TD Ameritrade and TradeStation are facing increasingly agile competition. If a retail investor’s approach towards the market is to buy and hold, traditional brokerage houses have become much less attractive than they used to be.
Buying into a Bull Market
Stock brokerage houses have been alarming the retail crowd since the start of the year because their holdings are at an all-time high. This typically precedes a period of significant market correction. While we already saw one in February, the exposure of retail investors today is still at or around all-time highs.
That said, in the aftermath of the February market crash, the crowd lost confidence in the market’s ability to post new highs. Fast forward to today and we are seeing the NASDAQ and the S&P 500 hitting new records in the aftermath of a successfully resolved trade dispute between the US and Mexico.
As for Robinhood, this isn’t the company’s first breakthrough this year. Back in February, the brokerage tried disrupting the crypto space. With its massive user base growing rapidly, the firm has been gradually expanding its range of products.
The vision of the co-founder and CEO of Robinhood is to run the business in a way that allows the firm to break even. That’s some tough competition for publicly listed discount brokerages which have been the traditional stop for retail investors.
Commission-free trading app Robinhood is updating the list of stocks that it offers to its clients. The company has announced in a blog post that it is enabling trading of American Depositary Receipts (ADRs). The addition will provide clients with over 250 new global stocks to select from.
The new shares, which will be available for commission-free trading, include companies listed in Canada, China, Germany, Japan, and the United Kingdom. The list includes companies such as Adidas, BMW, Heineken, Tencent and Nintendo, and extends the no-fee trading trend at retail-focused outlets.
Robinhood has been at the core of an industry-wide trend in the US, as retail traders started getting access to the market for little or no fees. The ongoing expansion of available assets will continue in the coming months with the addition of French stocks.
Commission-Free Trading for Retail Investors
US retail investors have been eagerly embracing the evolution of the brokerage market place. Robinhood has become a pioneer in the industry, with a massive user base currently estimated at about 5 million accounts. The company is valued at $5.6 billion following its latest Funding Round.
JP Morgan’s app 'You Invest', which debuted this week, is the company’s response to the massive decline in retail investors commissions. The big bank’s response to companies like Robinhood is to provide its clients with 100 free trades per year.
Low commissions brokerages such as Charles Schwabb, TD Ameritrade and TradeStation are facing increasingly agile competition. If a retail investor’s approach towards the market is to buy and hold, traditional brokerage houses have become much less attractive than they used to be.
Buying into a Bull Market
Stock brokerage houses have been alarming the retail crowd since the start of the year because their holdings are at an all-time high. This typically precedes a period of significant market correction. While we already saw one in February, the exposure of retail investors today is still at or around all-time highs.
That said, in the aftermath of the February market crash, the crowd lost confidence in the market’s ability to post new highs. Fast forward to today and we are seeing the NASDAQ and the S&P 500 hitting new records in the aftermath of a successfully resolved trade dispute between the US and Mexico.
As for Robinhood, this isn’t the company’s first breakthrough this year. Back in February, the brokerage tried disrupting the crypto space. With its massive user base growing rapidly, the firm has been gradually expanding its range of products.
The vision of the co-founder and CEO of Robinhood is to run the business in a way that allows the firm to break even. That’s some tough competition for publicly listed discount brokerages which have been the traditional stop for retail investors.
Interactive Brokers Settles Nasdaq Charges, Agrees to $475,000 Fine
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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