A lot of people seem to think brokerages without fees (Mainly Robinhood) are scams. Why?

The only 2 brokerages without fees I'm aware of are Robinhood and WeBull, and I have both. I don't like Robinhood as much because I prefer short selling to being long and they don't allow shorting, but I love WeBull and have had no issues with them (with the exception of so few shortable companies but they've assured me they're increasing the number of shortable companies soon). I've been trading on RH for a few years and WB for a few months with no evidence of any unsavory behavior from either.

I've done my research on both of these companies and found nothing that scared me from any seemingly legitimate scam. A few people here and there seem to think it's a Ponzi scheme or something, but the companies are compliant with all the appropriate government entities as far as I can tell.

Do you have any thoughts on this? Am I just a gullible idiot or are some people just a little too paranoid?

Submitted December 29, 2018 at 05:50PM by bv_qb1 http://bit.ly/2GJvvwM