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0 pointsskybrian4y ago0 comments

I have trouble imagining who might want to do this. It seems like a really small niche? Normal people don't need to trade or move large sums of money 24-7. An ATM and/or credit card is good enough.

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DreamWalker14y ago

I mean 24-7 comes for free. Security comes in some way for free as well. Large amount: its relative, so even for 10k USD you would pay 100 USD as fee. You get similar fees for purchasing stocks and many have more then 100k in equity. So it isn't really a small niche. Rather a huge market that may get more simple and cheap through DeFi.

skybrianOP4y ago

The major brokerages have let you buy and sell stocks for free for a couple years now. (Not just Robinhood, though they started it.)

DreamWalker14y ago

Ok maybe in the us. Anyway are you sure it is really free in regards that they don't give you a worse price or won't execute if things move in the wrong direction like Robinhood did...? My point is, its just inconvenient for me to rely on a third party without able to enter the "true" market on myself.

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TimJRobinson4y ago

This is still mostly restricted to those living in the USA. It's also only a fraction of the investment market too, to invest in higher risk things such as startups you need to already have a net worth of $2M or make $250k/year+ which is only the top 1% of people. I'd like to see a lot more democratization of finance than that.

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DreamWalker14y ago

skybrianOP4y ago

The major brokerages have let you buy and sell stocks for free for a couple years now. (Not just Robinhood, though they started it.)

DreamWalker14y ago

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TimJRobinson4y ago

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