The hype over the cell phone stock trading platform Robinhood, which does not charge trading commissions, continues, as the company is launching immediate access to trade customer funds.
Robinhood - Trade immediately after transferring cash, with just one catch
Typically when an investor sends a funds transfer to a brokerage account, it can take from three to five days for the asset transfer to clear before trading can commence. Robinhood is eliminating this wait time through a new app called “Robinhood Instant,” which makes funding up to $1,000 immediately available for stock trading.
“You can go from downloading the app to placing your first trade within...
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