Tue, June 25, 2024

Robinhood

Broker News

Robinhood UK Launch – No Fee Trading, Margins on Hold

After two unsuccessful attempts, Robinhood (Nasdaq: HOOD) finally entered the United Kingdom market but has temporarily removed margin trading for UK users moments post-launch. Questioning the “Regulatory Loophole” The spokesperson from Robinhood stated they put margin investing on hold while in talks with regulators. Margin trading, which involves using leverage for larger trades, is high …

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Robinhood Signs Modified Credit Agreement for $2.175 B

For the second time, RHS – a California-based broker-dealer – has amended its credit agreement with JP Morgan Chase and their banking syndicate, granting them access to an additional revolving credit facility totaling $2.175 billion. It is in addition to the institution’s prior commitment of $2.275 billion that was signed back in April 2020. Robinhood …

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