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Friend of mine sent me an email with a link to a website which states that you can finally trade stocks commission free! Yes sounds too good to be true , but anyway here is the link. www.robinhood.com Has anyone utilized this new service? I am sure many people would be interested in information from a person who has actually used their service. Any comments?
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I had a client who had a stock account with them and it is indeed free trades (unless you are trading outside of normal hours). He was not a high volume trader and did a dozen or so transactions per month, but it was free. The monthly statements were a unusually basic and I have no idea of quality of execution; but the company is legit.
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