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Instead, Robinhood makes money through interest on funds you hold with it or when you trade on margin, plus selling trade volume to stock exchanges. Robinhood hopes to onboard the waitlist within two months and then start adding those who signup today But until then, anyone can use the app to just monitor stocks. By replacing brick and mortar branches and TV marketing budgets with a handful of engineers and mobile virality, Robinhood was able to ditch the commission fee. When you sign up , you'll set an in-app password or Touch ID to make sure no stocks are traded without your consent.
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