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Originally Posted by rydogg58
Not a Robinhood user so I'm curious what policies and regulations they have that are different from other trading firms. I'd imagine a great many of these apps make a sizeable chunk of their money off options traders.
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I know one is instant BP on options and they allow 0DTEs. That's two things fidelity doesn't allow.
Funny thing is that the instant options BP is what led to them almost having to shut down during the GameStop squeeze 4 years ago. People were just making accounts and able to buy options on collateral same day which led to Robinhood being over collateralized. It's really perfect, a degen platform for degen "traders". I'll even throw some play money on it for some quick options every once in a while. I don't touch options on my main fidelity account.