the business model of robinhood doesn't work in Australia where...

the business model of robinhood doesn't work in Australia where we have much more regulation. I.e. they can't sell the market flow - for such a small market being <2% of the global markets I'd be surprised to see them come here for something which would really struggle to be a profitable venture - I'm very interested to see how stake goes.

The thing with all these new entrants is we haven't managed to get a look at their balance sheets, they'd be bleeding cash on all their incentives, will be really keen to see superhero's books if they IPO - they've already had to make adjustments on the quiet to their no fee etfs, now if you transfer out those no fee etfs you're charged $5 per etf, clearly people were taking advantage of that loop hole... saying that the Super product that SuperHero has released could be a winner - and listening to their CEO on Equity Mates Super Saturdays series I do like his philosophy on superannunation.