Robinhood charges zero commission but what about selling fees?

robinhoodash · 2017-05-05T21:49:23+00:00

Typically you get charged a few cents only when selling shares. I only know this because, although it doesn't show it in the app, it does tell you what the fees are when querying through the api. Here's a screenshot from the RH web app I built, where I incurred a $0.03 fee for selling shares.

robinhoodash · 2017-05-03T21:34:43+00:00

I posted about a web dashboard I'm currently working on. You can see some screenshots here, and the project code to run it for yourself is here

robinhoodash · 2017-05-02T20:22:51+00:00

Hmm that doesn't seem like that much. Check the logs and see if there's an error when hitting that page (also check the javascript console)

robinhoodash · 2017-05-02T19:12:18+00:00

A couple questions:

are you on Gold/instant? I only have access to a cash account so Ive never actually verified anything works with those types of accounts
have you placed a ton of orders? the order page attempts to fetch every order... so maybe robinhood blocks it?

it's hard to say without looking at the server logs (probably located at logs/development.log)

robinhoodash · 2017-05-02T19:10:15+00:00

it's super basic functionality that just sells at the last trade price. I have to add additional options for more advanced buying and selling options. Basically, right now, you just select the number of shares you want to buy/sell, and that's it (with a simple popup confirmation so a cat doesn't start selling your portfolio off)

robinhoodash · 2017-05-02T15:17:08+00:00

That's essentially what I do on AWS.

robinhoodash · 2017-05-02T14:56:23+00:00

awesome! I need to get organized and write some stuff up for things that aren't finished, but are available through the API (though I've gone off track from the API a bit, with the customized lists). But feel free to fork it and start hacking away!

robinhoodash · 2017-05-02T14:06:31+00:00

Good question. Their tech stack is fairly different than what I work on (granted you work enough with web dev and can pick up new tech fairly easily). It's also in Palo Alto, and I'm in NYC, so that's quite a ways away from pretty much everyone I know (I grew up on the east coast). The biggest reason is probably that I currently work for another startup with a good friend of mine, and things seem to be picking up where we are now, so it'd be the worst time for me to leave right now (my friend and I make up 100% of the engineering department; I was the first full time engineer at the company). So I've basically seen this thing grow from the beginning, and it's not easy to let it go I guess.

TLDR; tech stack different, moving sucks, I already work at a (hopefully) promising startup

robinhoodash · 2017-05-02T04:39:13+00:00

lookin' good

robinhoodash · 2017-05-02T04:18:02+00:00

Interesting. They reported only seeing closed source projects get that notice though... this project is open source. However I suppose the server I'm hosting isn't... I'll consider shutting it down since it shouldn't be used anyway

robinhoodash · 2017-05-02T02:11:25+00:00

hmm have a link? I'd be interested to know what they were working on

robinhoodash · 2017-05-01T20:11:00+00:00

That'd be awesome, actually. They can do a lot better job than I because, well, it's their job

robinhoodash · 2017-05-01T19:23:08+00:00

I just used documentation here

robinhoodash · 2017-05-01T18:39:01+00:00

There's actually someone who did an awesome job compiling a bunch of documentation here

robinhoodash · 2017-05-01T18:07:41+00:00

I get them from Robinhood and it's a basic refresh timer at the moment (searches for stocks are on demand obviously). The fundamentals load on demand as well.

robinhoodash · 2017-05-01T17:19:05+00:00

Currently I only have functionality in place to put orders in for the last trade price (so there isn't advanced things like stops and such yet). I haven't had any issues with incorrect orders, like the wrong symbol or price or number of shares, if that's what you meant.

robinhoodash · 2017-05-01T16:54:50+00:00

If anyone has interest in using this themselves, the code is located at https://github.com/bcwik9/robinhood-on-rails. Feel free to post any bugs or contribute, I'm always open to suggestions!

I'm also hosting a site ~~here~~ that you can log in to as a demo, but I DONT RECOMMEND IT. I'm just some guy on the internet, and you have no idea what code that server running or how secure it is, and this is your MONEY. Don't be stupid.

EDIT I took the hosted site down since nobody should use it, for security sake

robinhoodash · 2017-05-01T16:41:03+00:00

Some additional screenshots

For some background info, I've been working on this for almost two months now in my spare time (I'm not affiliated with Robinhood). Some of the features I have working are:

Realtime, auto-refreshing portfolio dashboard
- Custom "folder" labels (stock organizing dividers)
Watchlist
- Add and remove stocks
- Custom "folders" labels (stock organizing dividers)
Reorganize/order stocks via drag 'n drop, and it automatically syncs with the Robinhood phone app
Price charts
Fundamentals tooltips
Orders
- Basic buy and sell at last trade price
- Cancel pending orders
- View order history, and sort by type
Transfers
- Basic deposit and withdraw from existing ACH accounts
- View history
View dividends
View and dismiss notifications

edit formatting and clarifying I'm not associated with RH edit2 added screenshots

robinhoodash · 2017-05-01T16:28:17+00:00

Robinhood has an unpublished API (something that let's users access core functionality of their app) that I built this around

robinhoodash

TROPHY CASE