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Best broker/custodian?
#poll
Schwab
Fidelity
Robinhood
IBKR
Other
78 votes
upvote 3 downvote

😵
Anonymous 41w

For the people saying fidelity, why? Genuinely curious. Im torn between fidelity and schwab

upvote 3 downvote
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Anonymous 40w

Robinhood only for convenience. Fidelity better overall

upvote 3 downvote
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Anonymous 41w

I like E*Trade

upvote 1 downvote
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Anonymous 40w

Robinhood actually just throws free money at you, I make like $3k a year in free money from all their promos. Idt anyone competes with that

upvote -1 downvote
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Anonymous replying to -> #3 41w

I switched from Fido to IBKR and I like IBKR a lot because they offer access to so many products and markets. But Schwab by far has best customer service

upvote 4 downvote
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Anonymous replying to -> #4 40w

Idk why this got downvoted. If you’re not actively trading in and out of stuff it literally doesn’t matter who your broker is. Most won’t give you Ira deposit match, brokerage deposit match (not any more but they used to give 1% on every $ you invest), 4% interest rate on an account you can use as your every day check account because of their 3% cashback credit card that you can pay using that cash balance

upvote 1 downvote
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Anonymous replying to -> #4 40w

Plus no fees with Robinhood

upvote 1 downvote
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Anonymous 40w

What about fdic protection, wouldn’t that cover any risk of losing your money?

upvote 1 downvote
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Anonymous 40w

Yeah for brokerage you have SIPC (like fdic), no fees (also txn fees would be negligible anyways in a buy and forget strat). Support I’ve always found to be stellar - Robinhood has some haters over “bad support” regarding GameStop, but they followed every regulation they’re supposed to and 99% of users aren’t going to be impacted. If you want to degen day trade you should be on IBKR anyways

upvote 1 downvote
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Anonymous replying to -> #4 40w

Free +3% on your full portfolio, 4% interest on your checking account, active support, etc more than outweighs the reputational overhang of GME to me

upvote 1 downvote
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Anonymous replying to -> #3 40w

fidelity offers fractional shares across every single stock. schwab only for a select few

upvote 1 downvote
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Anonymous replying to -> #3 40w

My mom works there

upvote 1 downvote
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Anonymous replying to -> #4 40w

Robinhood has a lot of good perks, has a very good and simple UI, great crypto access, and is just a greater starter platform for new investors. But I think robinhood gold is cool but isn’t as great as it seems. Plus I think their options platform is good but preys on people who think they can get rich quick trading such a complex product. Plus their PFOF system means you’re getting bad execution which doesn’t matter if you’re not trading much but usually people who use hood are trading a lot.

upvote 1 downvote
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Anonymous replying to -> OP 40w

Bro shut yalls nerdy asses up

upvote 0 downvote
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Anonymous replying to -> #8 40w

Dudes pissed about people talking about personal finance in a personal finance thread, just a pessimist

upvote 1 downvote
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Anonymous replying to -> OP 40w

Lmao true

upvote 1 downvote