Hello everyone. I️ am new to investing and I’ve been utilizing Robinhood for a couple month now. I’m wondering if anyone has experience with Robinhood Gold? I️ am thinking about upgrading but I’m skeptical about the margin account that is established when I️ upgrade. Being new to investing, I️ was reading through the Margin disclosure statement and I’m wondering if anyone could help clear up a few things. I️ am basically receiving a loan when I️ upgrade from a brokerage company.. correct? If I️ utilize the money (buying power in Robinhood terms) I️ will then have to repay it via my securities? I️ can’t make out if they extrapolate a certain amount over time or if they take a certain percentage out per trade, or if I️ work on paying the loan back with my $6 a month subscription fee? Any kind of conversation will be helpful. I’m still learning about how all of this works.
Submitted November 13, 2017 at 06:42PM by Stalkingw0lves http://ift.tt/2zHJSec
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