Showing posts with label trading fees. Show all posts
Showing posts with label trading fees. Show all posts

Thursday, 7 May 2015

Loved By the Good? Fee-free Broker RobinHood Looking to Expand Internationally--Anyone Used Them?

Robin Hood, Robin Hood, riding through the glen,
Robin Hood, Robin Hood, with his band of men,
Feared by the bad, loved by the good,
Robin Hood, Robin Hood, Robin Hood.

Just a quick post today, which (if you're a UK investor you will be relived to hear) has nothing to do with the General election.

I have just read that the fee-free American stockbroker, RobinHood is set to launch itself globally.

It received $50 million in order to do so with it targeting the Australian nation first.

Assuming that they are looking to expand in the Anglophone world first--for convenience sake, I presume--it is quite possible they will land a digital foot on the shores of the UK sometime soon.

In preparation for this possibility I thought I would send out a request for opinions about the broker.

Are they "feared by the bad (stockbrokers)" and "loved by the good (investors)"? Or is such a positive experience as fictional as the tale of Robin Hood himself? Woudl anyone in the UK be interested in using them?

Tuesday, 10 February 2015

2015 Goals: Trimming the Trading Fees

Investing is a potentially lucrative move to make. However, it is not one which is without its costs. One of the often forgotten costs involved in investing are the trading fees. They are such a part of the investing landscape it is often the case we just pay them without much thought. But should we be overlooking their importance so easily?

For British investors the fees chiefly amount to the commission charge paid to your broker and stamp duty paid to the government (although not all London listed companies require payment of stamp duty). And, of course, when buying foreign equities, although we may lose the stamp duty we have to factor in the currency exchange charges.

Over the course of the year these can add up.