Robinhood invest is a website and a mobile app for iOS and Andriod users that allows you to buy, sell, and trade stocks commission-free.
How Does Robinhood Invest Work?
Robinhood is a mobile app (and now website) which focuses on simple tasks. It does not have all the features you may find with a traditional discount brokerage. The streamlined app can actually be a benefit for the beginner or more seasoned investor seeking simplicity and ease of use. Robinhood trades are not self-clearing and use Apex for its trades.
- Streamlined interface for easy trades
- Trade stocks or exchange-traded funds (ETFs)
- No commission or fees for trades
- No minimum investment requirements
The Robinhood founders wanted to “democratize the financial markets” and provide an avenue for many to begin investing. Robinhood is registered with the SEC, a member of FINRA, and has Securities Investor Protection Corporation (SIPC) insurance.
What Are The Fees?
Absolutely no fees.
Curious how Robinhood makes money? In the Robinhood FAQ, it states they may earn from margin lending interest and interest on any uninvested customer cash deposits. Additionally, the Robinhood Gold service with a monthly fee is another source of revenue.