Quote:
Originally Posted by Roughneck
Pretty sure that's what made WSB famous in the first place. They found loopholes in Robinhood's system that allowed people to get in way deeper than they could for big losses.
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Why don't they just do what the canadian self directed online brokers do?
Let the person build up a massive negative cash balance (even if they have no margin account) and then charge them obscene 20% interest rates on the money "borrowed".
The alternative would be to reject the trades but then the big five banks wouldn't be able to profit on the ignorance of the general public who use their platforms.