There are a few ways that Fintech has been able to disrupt the trading market and open up new possibilities in online trading. No-free trading is one way that has become increasingly popular. Fintech companies such as Robinhood have found way to garner large MAUs and offer trading without charging a fee. Speaking from experience, the app is easy to use and seems seamless, and has a large following especially with the youth of society. Binary options are also being offered by fintech firms, and are fin derivatives that allow you to bet on an asset with a specified time horizon. There is also no unlimited risk so it has become a popular option for day traders. Another way the industry has changed is the concept of social trading. This entails following strong traders on social media and using their strategies and trading in a similar way. This includes preset platforms in order to ease the trading process and make it easier to replicate these strategies.
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I found your post very interesting. I also use Robinhood and am surprised that more people don’t take advantage of their service. I don’t quite understand how Robinhood makes a profit since there are no advertisements and it is free to use, is there any chance you know?