Robinhood UK are back! 😱

It looks like they’re back to try their luck in the UK, offering 5% interest on uninvested cash, trading 24 hours a day, 5 days a week, and something quite unique: 0% FX fees or commission.

I can see there is an asterisk on “0% FX fees or commission” - curious what it means?

I wonder if they will support the open banking api by default

They don’t need to.

I absolutely agree but they should

It makes me wonder how much cash they’ve reserved for burning if they’re not going to charge even an FX fee, just to attract new customers. They haven’t specified a cap on the uninvested cash, and they haven’t completed their FAQs… :sweat_smile: