August 27, 2021
1. Do you have one or more online trading or investment accounts?
Yes, I have one or more accounts that I access both online using a computer and using a mobile app.
2. If your response to Question 1 is Yes, do you think you would trade or invest if you could not do so online using a computer or using a mobile app?
No
3. On average, how often do you access your online account?
Daily/more than once a day
4. On average, how often are trades made in your online account, whether by you or someone else?
Once to a few times a week.
5. If you access your account online, did you have the account first, and only began to access it electronically later? Or did you open the account with the idea that you would access it electronically immediately?
I downloaded an app or visited a website first, and then opened up an account with the company
6. My goals for trading or investing in my online account are (check all that apply):
Save and grow my money for medium- to long-term goals
7. What would you like us to know about your experience with the features of your online trading or investment platform? (Examples of features are: social networking tools games, streaks, or contests with prizes points, badges, and leaderboards notifications celebrations for trading visual cues, like changing colors ideas presented at order placement or other curated lists or features subscription and membership tiers or chatbots.)
I use 4 different online brokers. i have been investing online for almost 20 years. There is no such thing as 'gamification' of trading. What there is is a progress of convenience. Which is a good thing. online trading is good. App trading is good. Payment for order flow instead of a broker commission is good. These are all good things for the aberage citizen and should be welcomed by the government instead of scrutinized in court.
8. If you were trading or investing prior to using an online account, how have your investing and trading behaviors changed since you started using your online account? (For example, the amount of money you have invested, your interest in learning about investing and saving for retirement, the amount of time you have spent trading, your knowledge of financial products, the number of trades you have made, the amount of money you have made in trading, your knowledge of the markets, the number of different types of financial products you have traded, or your use of margin.)
9. How much experience do you have trading or investing in the following products (None, 12 months, 1-2 years, 2-5 years, 5+ years):
Stocks : 5+ Years
Bonds : 5+ Years
Options : 2-5 Years
Mutual Funds : 5+ Years
ETFs : 5+ Years
Futures : 2-5 Years
Cryptocurrencies : 1-2 Years
Commodities : None
ClosedEnd Funds : 5+ Years
Money Market Funds : 5+ Years
Variable Insurance Products : None
Business Development Companies : 5+ Years
Unit Investment Trusts : 5+ Years
10. What is your understanding, if any, of the circumstances under which trading or investing in your account can be suspended or restricted?
If the broker considers the account to take on too much risk or if they suspect the account might have been compromised they can suspend or restrict trading or access to the account.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
It is extremely important for the average American citizen that Online trading is kept and continues to progress with both convenience and more trading options for everyone. Allowing only the Elite or extremely wealhy to invest the way the choose is wrong. Everyone shou
d get to invest the way they choose to do so. I have done very well for myself by investing online over nearly 20 years. To take away any of my rights or investing options would be wrong. Robinhood isnt the best broker, but they have actively made investing better for retail traders of other brokers as well as improving their own service. What retail investors want is actually simple... Let the People Trade.