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E*Trade reducing commissions to $6.95.

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rated:
E*Trade joins the price war.

(Edit) Effective March 13.

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rated:
YAY

rated:
I'm really very novice with the market, but I've been using Robinhood, which charges nothing for trading fees and makes its money solely on float interest. Is there some danger I am exposing myself to by doing this? As I understand it if Robinhood goes under there's a federal agency that underwrites and makes you whole with equivalent stock value similar to the FDIC, am I totally wrong in my interpretation of this? Thanks.

rated:
jman220 said:   I'm really very novice with the market, but I've been using Robinhood, which charges nothing for trading fees and makes its money solely on float interest. Is there some danger I am exposing myself to by doing this? As I understand it if Robinhood goes under there's a federal agency that underwrites and makes you whole with equivalent stock value similar to the FDIC, am I totally wrong in my interpretation of this? Thanks.
  
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