Hello!
Long story short, I want to trade one of my algos on the live market, but I am not sure which brokerage to go with. I don't have any servers or fancy infrastructure, so I will be running on Quantopian. I have heard great things about IB, but little about Robinhood.
Does anyone have experience with it? Does it have anything other than an app?
Thanks,
Cole H.
Keep I mind that Robihood has some limitations (at the moment) that might force you to go with IB:
- Robinhood is available only in US
- Robihood has only cash accounts, no margin. This means: T+3 rule (settlement time of 3 days) and no short positions
A couple more things to consider.
I guess the most important thing to consider is how you want to trade. I personally plan to incorporate the current T+3 limitation into my strategy and take that time to look for new positions to setup. I think that the time delay actually works in the benefit of newer traders; by building in a delayed period where the trader can observe and consider how their position played out.
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