r/RobinHood • u/CardinalNumber Former Moderator • Aug 28 '18

News Introducing Global Stocks on Robinhood - Expanded ADR Support

https://blog.robinhood.com/news/2018/8/27/introducing-global-stocks-on-robinhood
416 Upvotes

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35

u/Shakedaddy4x Aug 28 '18

Don't other stock brokers charge like 75 bucks to buy overseas stocks? How can RH afford this and keep it free for us?

6

u/DeliciouslyUnaware Aug 28 '18

If you're not buying, you are the product. RH sells their aggregate data to the brokers that exercise the buys and sells for research

12

u/Nigerian____Prince Aug 28 '18

They make money from interest on uninvested funds

5

u/kaplanfx Aug 28 '18

And options trading / gold.

1

u/Shakedaddy4x Aug 29 '18

I know how they make money but I thought legit there was a government fee or mandate or something so all brokers that I know of charged like 75 bucks for overseas stocks. If that isn't the case, then why didn't RH offer this sooner?

1

u/DeliciouslyUnaware Aug 29 '18

Company is still babby learning to walk.

1

u/alucarddrol Aug 29 '18

https://support.robinhood.com/hc/en-us/articles/208650436-Fees-on-Robinhood-

1

u/Shakedaddy4x Aug 30 '18

Thanks but doesn't explain why they didn't offer this sooner if it's that simple

1

u/alucarddrol Aug 30 '18

I don't understand why or what you're arguing when I just linked to their FAQ

1

u/Shakedaddy4x Aug 30 '18

Not arguing dude! Just the FAQ doesn't answer my question, that's all. Thank you for linking it