Robinhood Hits the Mark
Signup bonuses drive assets and shares.
May 29, 2024
Robinhood has had a strong last year.
They have seen a surge in retirement assets under custody.
They announced a plan to buy back up to $1 billion of their stock over the next two to three years beginning in the third quarter. They are offering great deals for customers in order to grow. Most recently, they have lowered margin rates well beneath E*Trade (MS), Charles Schwab (SCHW), and Interactive Brokers (IBKR).
- 6.75% for up to $50K
- 6.55% starting at $50K and up to $100K
- 6.25% starting at $100K and up to $1M
- 6% starting at $1M and up to $10M
- 5.95% starting at $10M and up to $50M
- 5.7% starting at and above $50M
- Best yet: 0.00% for the first $1k of margin with Robinhood Gold.