All-in margin account rates at Robinhood and IB - Independently Financed
Interactive Brokers, as far as I can tell, is a profitable company that is able to leverage its scale to offer lower costs to its customers.
Robinhood, as far as I can tell, is a deeply unprofitable company trying to seize as much market share as possible while it's still being pumped full of cash by its early-stage investors, hoping to eventually raise prices and become profitable.
None of that matters to you, per se: your securities are insured on either platform, whether one or both eventually goes bust. What might matter to you is that in order to get and retain market share, Robinhood might keep its margin lending rates lower longer than Interactive Brokers does. If that's the case, then Interactive Broker's interest rate might creep up high enough to make Robinhood the cheaper source of margin credit, once you take Interactive Broker's flat monthly fees into account.
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