WikiFX

Sagot

From my experience and based on what I found in my research, Robinhood does not charge a commission per lot, nor does it offer ECN or raw spread account types typically associated with specialized forex brokers. The platform is primarily focused on U.S. equities, options, cryptocurrencies, and a few other asset classes, but not forex pairs or the ECN execution model. Their main appeal is a commission-free trading structure on their supported products, which makes it accessible for newcomers looking to get started with small deposits. However, the absence of commission should not be mistaken for free trading altogether—fees can be embedded in spreads, and margin borrowings carry notable interest rates, especially for non-Gold accounts. More critically, Robinhood is currently flagged as operating without valid regulatory oversight. This, coupled with numerous user complaints about severe withdrawal difficulties and questionable deposit demands, significantly raises my caution. As someone who values transparency and security, the lack of a regulated environment alone is a reason I would avoid any serious commitment on this platform, regardless of the advertised cost structure. The risks around fund safety vastly outweigh any potential advantage of commission-free trading here for me.