Aussies could be flipping stocks on their smartphones as easily — and as frequently — as they check Instagram, after the stock-trading app, Robinhood, launches Down Under.
Founded by American math whizzes Vlad Tenev and Baiju Bhatt, the platform — which aims to take the middle man out of stock trading — will use Australia as its first destination for international expansion outside the U.S. The company said in a statement it is beginning the process of obtaining regulatory approval locally
If Robinhood launches successfully, Australians will be able to buy U.S. listed stocks and exchange-traded funds without being charged commission per trade. Claire Mackay, a financial planner and accountant with Quantum Financial, told Mashable Australia there are no providers currently offering zero-cost trading in Australia. Read more...
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