Robinhood (Nasdaq: HOOD) has launched its brokerage providers in the UK after two failed makes an attempt. Nonetheless, the hurdles for the dealer continued because it dropped margin buying and selling providers from its UK choices hours after the launch.
“Margin investing is paused as we proceed to debate with the regulator,” a spokesperson for Robinhood instructed Reuters.
Margin investing is advanced and entails providing leverage to merchants, permitting them to take greater positions. Such a buying and selling is dangerous because the losses may be substantial if the market strikes in the wrong way.
At launch, a Robinhood UK web page about margin buying and selling defined that the corporate may provide the product within the nation as a consequence of a “regulatory exemption” and would cost 12 p.c curiosity on loans. Nonetheless, that web page was eliminated after a number of hours.
Zero-Price Providers
Other than the suspended margin buying and selling, Robinhood is providing buying and selling providers with greater than 6,000 US-listed shares to UK prospects. To sort out steep competitors, the American dealer provides commission-free providers within the UK and 5 p.c curiosity on uninvested capital.
The dealer additional highlighted that it’ll not cost any overseas trade charges as properly when UK merchants spend money on US-listed shares. Additionally, it should provide buying and selling providers across the clock, 5 days every week.
Robinhood, which disrupted the US retail brokerage market with commission-free providers, launched providers within the UK after two failed makes an attempt. It initially tried to launch providers within the UK in 2020 however failed. It then tried to amass the UK-based buying and selling app Ziglu, however that deal additionally didn’t materialize.
The newest profitable launch got here because the American dealer revealed final 12 months its plans to make one other direct try and launch providers within the UK. The dealer moreover entered the European Union with its cryptocurrency trade providers.
Curiously, Robinhood entered the UK weeks after Public.com, one other US-based dealer, pulled its providers out of the UK, solely eight months after the launch.
Robinhood (Nasdaq: HOOD) has launched its brokerage providers in the UK after two failed makes an attempt. Nonetheless, the hurdles for the dealer continued because it dropped margin buying and selling providers from its UK choices hours after the launch.
“Margin investing is paused as we proceed to debate with the regulator,” a spokesperson for Robinhood instructed Reuters.
Margin investing is advanced and entails providing leverage to merchants, permitting them to take greater positions. Such a buying and selling is dangerous because the losses may be substantial if the market strikes in the wrong way.
At launch, a Robinhood UK web page about margin buying and selling defined that the corporate may provide the product within the nation as a consequence of a “regulatory exemption” and would cost 12 p.c curiosity on loans. Nonetheless, that web page was eliminated after a number of hours.
Zero-Price Providers
Other than the suspended margin buying and selling, Robinhood is providing buying and selling providers with greater than 6,000 US-listed shares to UK prospects. To sort out steep competitors, the American dealer provides commission-free providers within the UK and 5 p.c curiosity on uninvested capital.
The dealer additional highlighted that it’ll not cost any overseas trade charges as properly when UK merchants spend money on US-listed shares. Additionally, it should provide buying and selling providers across the clock, 5 days every week.
Robinhood, which disrupted the US retail brokerage market with commission-free providers, launched providers within the UK after two failed makes an attempt. It initially tried to launch providers within the UK in 2020 however failed. It then tried to amass the UK-based buying and selling app Ziglu, however that deal additionally didn’t materialize.
The newest profitable launch got here because the American dealer revealed final 12 months its plans to make one other direct try and launch providers within the UK. The dealer moreover entered the European Union with its cryptocurrency trade providers.
Curiously, Robinhood entered the UK weeks after Public.com, one other US-based dealer, pulled its providers out of the UK, solely eight months after the launch.
