image credit: Pixabay

StockTwits to launch commission-free stock trading platform to rival Robinhood, others

April 18, 2019

StockTwits — a social-media platform founded in 2008 as a venue for day traders to exchange ideas and musings — is launching a free online brokerage unit, aimed at appealing to its current roster of approximately two million members, as well as luring millennials.

The brokerage operation plans to offer users unlimited, commission-free trading on par with popular services offered by investing app Robinhood Markets Inc., recently valued as a $6 billion business.

StockTwits’s mobile trading app is scheduled to kick off an initial rollout phase sometime this summer on Apple Inc.’s IOS operating system and expand to other platforms later.

Read More on Market Watch