Robinhood Invest / Commission-Free Stock Trading App

Robinhood Invest offers 100% commission-free trades of stock, ETF, fractional shares, options, and cryptocurrency.

  • $0 account minimum with no monthly account fees.

Promo: Get 1 FREE Stock with an account opening. No deposit is required.

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Robinhood review quick take: Robinhood is a commission-free investing platform for trading stocks, ETFs, and fractional shares, as well as IPO access, options contracts, and cryptocurrency trades.

Overview of Robinhood

With over 28 million users, Robinhood is the industry leader among millennial investors who want a better way to access the markets without the costs. The company is democratizing the financial markets as the pioneer in commission-free trades. Its offerings have grown to include fractional shares, options trading, and cryptocurrency.

What is Robinhood Invest?

Robinhood is a financial technology company offering a commission-free trading platform for stocks, ETFs, options, and cryptocurrencies. The platform allows users to invest in the stock market and other asset classes without paying traditional brokerage fees. It is available for iOS and Android devices.

How Robinhood Invest Works

Robinhood offers individual brokerage accounts, traditional and Roth IRAs, and margin accounts through its Robinhood Gold subscription.

If you are new to investing and the stock market, Robinhood may be a straightforward way to gain instant access. Robinhood users can invest in various assets, including stocks, ETFs, options, and cryptocurrencies. With fractional share investing available, investors can diversify their portfolios with small amounts of capital, making investing more accessible to a broader audience.

With the online broker, you can:

  • Buy and sell individual stocks, fractional shares, and exchange-traded funds (ETFs).
  • Research companies, stock charts, analyst ratings, and current news.
  • Learn about the stock market and investing as you go.
  • Manage your portfolio on the go on a mobile platform.
  • Get alerts and notifications of companies and changes to your accounts.

Robinhood Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

Open an account and get a free share of stock.

Robinhood Invest

Major Robinhood Features

  • Commission-free trading on stocks, ETFs, options, and cryptocurrencies
  • Intuitive mobile app for easy access to trading
  • Fractional share investing for diversification with small amounts of capital
  • Cash management services with a high-yield savings account and debit card
  • Access to real-time market data and basic analytical tools
  • Robinhood Gold subscription for additional features and margin trading
  • Cryptocurrency trading with a variety of digital assets available

Market Data & Analysis Tools

Robinhood offers basic market data and analysis tools, including real-time quotes, customizable watchlists, and simple charting features. While these tools may be suitable for beginners, more advanced traders may find them lacking depth and functionality.

Trading Experience and Interface

Features a sleek and intuitive interface optimized for smartphones. Its simple design and streamlined navigation make it accessible to investors of all experience levels, although some advanced traders may prefer more robust desktop platforms.

Customer Service and Support

Offers customer support via email and in-app chat, with representatives available during market hours. However, the quality and responsiveness of support may vary, and some users have reported challenges in reaching a resolution for their inquiries.

Advanced Features and Tools

While Robinhood offers basic trading features and tools, it may lack the depth and sophistication required by advanced traders. Features such as advanced order types, comprehensive research reports, and advanced charting capabilities are limited compared to other brokerage platforms.

Account Minimum

  • No minimum deposit is required.
  • No need to keep a specific amount in the account.


  • Trading fees: $0
  • Maintenance fees: $0
  • Options per-contract fees: $0

Robinhood offers free trading. They do not charge commissions for trading stocks, ETFs, and options listed on U.S. exchanges. However, you will pay fees to self-regulatory organizations such as FINRA. They include regulatory transaction fees, trading activity fees, and ADR fees.

Key Benefits

  • Commission-free trading on a wide range of assets
  • Intuitive mobile app for easy access to trading
  • Fractional share investing for diversification with small amounts of capital
  • Cash management services with a high-yield savings account and debit card

Pros & Cons


  • Commission-free trading
  • Intuitive mobile app
  • Fractional share investing
  • Cash management services


  • Basic market data and analysis tools
  • Limited customer support options
  • Additional fees for Robinhood Gold subscription and margin trading

Who Is It Best For

Robinhood is best for new investors or those who prefer to trade small amounts, including fractional shares, and don’t need deep research tools. It is ideal for those who prefer to manage their investments on the go using a simple and intuitive mobile app.

Get mobile access to the markets. Invest commission-free in individual companies or bundles of investments (ETFs).

Robinhood review

Our Robinhood Review

Robinhood is a legitimate company and is publicly traded on the exchange. The mobile-only brokerage lets you trade stocks, options, exchange-traded funds, and cryptocurrency without paying commissions or account fees.

Although Robinhood has not faired well in media and from some users online, it has amassed over 28 million users. Robinhood has a 4.1 rating out of 5 stars in the App Store with millions of reviews. It also scores a 3.8 out of 5-star rating in the Google Play Store with over 400k reviews.

Our Robinhood review found it has low ratings on sites like Trustpilot, with users stating issues with account access and lack of customer support.

Get your bonus share of stock when opening an account.

How to Start a Robinhood Account


  • Be 18 years or older.
  • Have a valid Social Security Number (not a Taxpayer Identification Number).
  • Have a legal U.S. residential address within the 50 states or Puerto Rico.
  • Be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa.

The time needed: 2 minutes.

Step-by-Step to opening an account

  1. Get started
  2. Submit an application
    • Legal first and last name
    • Verifiable email address
  3. Verification
    • Complete the verification process by submitting documents as requested.

Robinhood Alternative

Based on your preferences and needs, there are many alternatives to Robinhood. For simplicity, consider Public.com and Webull. If you’d like more guidance and support, consider robo-advisors such as M1 Finance or Betterment.

Robinhood’s Financial Products

All Robinhood users must have an individual taxable brokerage account to gain access to other products.

  • Invest: get mobile access to the markets to invest in individual companies or bundles of companies.
  • Crypto: access the cryptocurrency trading 24/7. Read the Robinhood Crypto review.
  • Retirement Accounts: Earnings have tax-deferred or tax-free growth potential thought IRAs.
  • Options: expertly trade on your bullish or bearish beliefs.

Robinhood Gold: Premium Upgrade

Robinhood Gold is an upgraded service that costs $5. Start and cancel at any time. Your money makes money with 5% APY on uninvested cash, FDIC-insured up to $2.25 million at partner banks.

  • Get up to $50K of your deposits instantly so you can jump on investment opportunities faster.
  • Borrow money to increase your buying power, if eligible.
  • Keep tabs on the price movement of stocks and ETFs with Level II market data from Nasdaq.
  • Plan your next move with in-depth research by independent financial analysts at Morningstar.

New users who open a new brokerage account get a free stock bonus.

Robinhood FAQs

How to Contact Robinhood Customer Service?

Robinhood customer service is available within the app or website at any time. You can submit a ticket or email for support 24 hours a day, 7 days a week. No inbound calls are available, but customer support will call you back with the number you provide.

Is cryptocurrency trading available?

Robinhood Crypto is an additional product offered by the company. Apply for access to start cryptocurrency investing. There are also no commissions charged for your crypto buy and sell.

How does Robinhood Make Money?

The company earns money by the following services:

  • Rebates from market makers and trading venues
  • Robinhood Gold
  • Stock loan
  • Income generated from cash

Are penny trades on Robinhood?

No, you cannot trade penny stocks on the platform. Penny stocks are known as over-the-counter (OTC) securities, which are now supported. Only companies with stock prices above $1.00 and listed in the major exchanges are available for trading.

Is Day Trading allowed in Robinhood?

Yes, you can day trade but must have at least $25,000 in your account.

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1 Review For This Product

  1. 01

    by Jason Vitug

    Robinhood Review: Is it worth it?

    I was one of Robinhood’s early users even though I wasn’t much of an active trader. I was compelled to join to learn how to make trades. I found the app to be easy to use and not overwhelming. That’s usually what’s kept me from buying individual stocks.

    In this brief Robinhood review, you’ll come to understand how this app is still a contender even though many of the traditional brokerages have launched commission-free trades. Robinhood was built from the ground up with a focus on simplicity and useability. That’s what makes it stand out for newbie investors and for those seeking an uncomplicated way to buy and sell stocks or ETFs.

    Pros and Cons

    ✓ Free trades
    ✓ No minimum deposits
    ✓ Fractional shares

    ☓ Limited functionality

    If you’re a newbie investor, Robinhood is an app to definitely consider. You can’t go wrong with the no-fee approach to keeping investing low cost.

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