I get annoyed because I work in an industry with a poor reputation and that reputation exists partly because people who don't understand but think they do, pile into it.
To answer your questions
1) it's likely they are allowing clients to trade in margin. Which means that if the client suffers heavy losses and can't honour their obligations the broker will be wearing the loss.
2) see 1
3) bitcoin accounts are fully funded. In fact they often have to be overfunded
It's a banks business model to make money. That's their purpose. Like kwik fit or bupa. Service in exchange for goods. Just so happens at a bank the service is goods.
All of this is just wrong. Exactly what I said above. You think you know but you really don't and that's frustrating
You're adhering to the t&cs of a company you use to buy or sell stock. It's as simple as that. Robin Hood or any other app or brokerage can do as they please because you (plural) signed up on their terms. Robin Hood is a broker. No more no less.
This tweet and subsequent thread I thought sun's the while sorry charade up well
"I am still unclear how buying near-bankrupt companies or outright frauds at parabolic prices, or multiple SPAC’s from Silicon Valley/Wall Street promoters, is “sticking it to the suits”."
Here you go:
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That's why
