Advertisement
UK markets close in 22 minutes
  • FTSE 100

    8,261.65
    +56.54 (+0.69%)
     
  • FTSE 250

    20,485.83
    +104.78 (+0.51%)
     
  • AIM

    772.64
    -4.86 (-0.63%)
     
  • GBP/EUR

    1.1831
    -0.0003 (-0.02%)
     
  • GBP/USD

    1.2683
    -0.0038 (-0.30%)
     
  • Bitcoin GBP

    51,101.82
    -92.00 (-0.18%)
     
  • CMC Crypto 200

    1,348.77
    -33.89 (-2.45%)
     
  • S&P 500

    5,498.84
    +11.81 (+0.22%)
     
  • DOW

    38,896.13
    +61.27 (+0.16%)
     
  • CRUDE OIL

    82.24
    +0.67 (+0.82%)
     
  • GOLD FUTURES

    2,378.70
    +31.80 (+1.35%)
     
  • NIKKEI 225

    38,633.02
    +62.26 (+0.16%)
     
  • HANG SENG

    18,335.32
    -95.07 (-0.52%)
     
  • DAX

    18,220.70
    +152.79 (+0.85%)
     
  • CAC 40

    7,672.55
    +102.35 (+1.35%)
     

Robinhood Slashes Margin Investing Rates Nearly in Half

Robinhood Slashes Margin Investing Rates Nearly in Half

Brokerage firm Robinhood Markets unveiled lower interest rates on margin investing, a move the company hopes will accelerate its goal of winning more wallet share from retail investors. The new margin rates range from 5.7% to 6.75% based on a customer’s margin balance, the company said Tuesday. For example, a customer with a $50,000 margin balance will pay 6.75% compared with 12% previously.