How does Robinhood charge fees for option contracts in the digital currency space?
garrilaDec 18, 2021 · 3 years ago3 answers
Can you explain how Robinhood charges fees for option contracts in the digital currency space? I'm curious about the specific fees and how they are calculated.
3 answers
- Dec 18, 2021 · 3 years agoSure! When it comes to option contracts in the digital currency space, Robinhood charges a fee known as the options contract fee. This fee is $0.65 per contract, per side. So if you buy 10 option contracts and sell 5 option contracts, you would be charged $6.50 in total. It's important to note that this fee is separate from any other fees associated with trading digital currencies on Robinhood.
- Dec 18, 2021 · 3 years agoRobinhood charges fees for option contracts in the digital currency space based on a per contract, per side basis. The fee is $0.65 per contract, per side. This means that if you buy or sell an option contract, you will be charged $0.65 for each contract, regardless of the size of the contract. It's a straightforward and transparent fee structure that allows users to easily understand the costs associated with trading options on Robinhood.
- Dec 18, 2021 · 3 years agoWhen it comes to option contracts in the digital currency space, Robinhood charges a fee of $0.65 per contract, per side. This fee is relatively low compared to some other platforms, making it an attractive option for traders. However, it's important to keep in mind that fees are just one factor to consider when choosing a platform for trading option contracts. Other factors such as user experience, available features, and security should also be taken into account.
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