No. of Recommendations: 3
It's been noted a few times that Robinhood often offers better pricing than more 'sophisticated' brokers. This is generally attributed to the market makers preferring to take the other side of the trade to the general public rather than more 'sophisticated' investors and so to account for increased risk offering worse bid / ask spread & mid-point pricing to the brokers that cater to those 'advanced' investors.
So a more 'sophisticated' investor (perhaps there's some here) should consider using Robinhood for it's better pricing likely at the expense of a more advanced tool-set. And here's some good news ... to attract more sophisticated investors & to expand its business HOOD is now offering a LEGEND desktop platform with improved tools.
https://www.reuters.com/technology/robinhood-launc...Could be worth reviewing for at least an account. Where I live - for less advanced trade types (LMT trades mainly) - I've moved to a more 'public' focused broker to access better pricing & the taxation tools that broker offers and retaining IBKR for where more 'advanced' tools are required. Robinhood may well be worth a look moving forward.
