With Robinhood you make trades for free. With brokers like Vanguard, Fidelity, Schwab, you can usually trade their own ETFs and mutual funds for free. With companies like Etrade, you generally make trades for a couple of bucks.
Are there human brokers who make commissions based on their clients trades anymore? I just saw Wolf of Wall Street and they were talking about 50% commission on penny stocks or even 1% commission on blue chip stocks. I know the penny stock stuff was scams but are there legit brokers who still make money on marking up stock and selling it to people (broker dealers)?
And as an aside, is there anything I need to make sure of to make sure I'm not being scammed? I've bought investments from Robinhood, Vanguard and Wealthfront at various times. Do I actually need to go through all the statements to make sure everything is on the up and up?
Submitted June 27, 2018 at 11:06PM by Eggs_is_eggs https://ift.tt/2yQ7jox
