robin hood discussion

  1. 699 Posts.
    so I seen a company called robin hood claims to be coming to Australia.
    they are basically offering free brokerage on trades and free live data streaming.
    I thought it sounded strange so I did some digging around their website and they reckon their not charging brokerage because their going to make up their profit from their margin loan offers instead.
    I thought it was an interesting concept but I think the company name sounds fishy I mean where not the poor are we lol.
    then i seen they claim to be funded by celebrities like snoop dog and a few other rappers lol. I'm not sure what to think to be honest it could be a joke/scam or a great idea.
    please discuss i would love others opinions
 
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