This year has been the year of the brokers and brokerage firms. There was lockdown but the stock exchange market did not shut down in any country at all including the united states. Since the pandemic caused a lot of people to become jobless, so many people decided to use their saving, or their government relief funds to invest and trade.
The stock market this year has not been in it most comfortable state as this year has recorded the highest highs in history as well as the deepest lows in the stock market world, this year also brought about surprises like the rise in the stock prices of bankrupted companies as well as a year of sudden drop and rise. People would not have been able to enjoy this luxury but thanks to a brokerage firm which gave investors and traders the ability to determine what they want to invest by themselves, people are already putting in money into the stock market.
The US economy has been shaken by this pandemic, but it looks like the stock market was very active thanks to stock brokerage firm like Robin Hood.
How did Robin Get Investors and Traders in?
Founded in 2013, robin hood has been the brokerage firm for the new, fresh, and young investors. Not everyone can be Warren Buffet who has access to the best of everything in the financial and investment world, but a few want to build their wealth but do not have the fund to pay fees from large brokerage firm, so Robin hood made it an easy task for investors with low capital to come into the world of stocks.
A lot of people do not leave a penny of their funds with someone else and that was another thing that Robinhood used again here. It came with zero balance, ability to buy fractional shares. These things made investors and traders made their choice to using Robinhood.
Another thing that Robinhood used to attract traders is zero fee charged on transaction and no commission.