📈 Market Outlook

• S&P 500 close to All-Time Highs (ATH).
• Tech sector has already rebounded significantly.

💼 Investment Platforms Compared

Platform metrics: Robinhood (HOOD), Interactive Brokers (IBKR), Coinbase (COIN)

📌 Robinhood leads in profit margins and ROA. Coinbase has high growth but low asset efficiency. IBKR shows balanced profitability and strong ROE.

🧠 How to Analyse Investment Platforms

• Revenue Streams (commissions, spreads, crypto fees)
• User Metrics (ARPU, retention)
• Profitability (ROE, ROA, operating margin)
• Growth (users, revenue CAGR)

There is also an investment platforms ETF: iShares US Broker-Dealers & Securities Exch ETF (Ticker: IAI)