Robinhood Invest Commission-free Stock Trading

  • Robinhood Invest is an online brokerage offering 100% commission-free trades of stock, options, ETF, and cryptocurrency.
  • Best for newbie investors or those seeking an intentionally simple investing platform.
  • $0 account minimum with no monthly account fees.

Promotion: Get 1 FREE Stock with account opening. No deposit required.

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Robinhood offers commission-free stock, ETF, and options trades making it easier to invest in the stock market removing the barriers from would-be investors.

If you’re the type to get overwhelmed with too many bells and whistles, then Robinhood’s user-friendly and simple online brokerage app meets your needs.

Robinhood Overview

With over 10 million users, Robinhood is by far the industry leader among millennial investors who wants a better way to access the markets without the costs. Robinhood products have grown to include fractional shares, options trading, and cryptocurrency.

If you’re a newbie investor looking for a user-friendly investing app accessible on the go, then Robinhood is a clear choice. Although it may not have all the features that expert traders need, it offers a better alternative to clunky online brokerage apps that leads to more confusion than execution.

Ready to start investing without the hassles? Get started with Robinhood.

Robinhood: The Original $0 Commission Trades App

It all started by disrupting the industry and offering people access to the stock market with free trading. Robinhood changed the game and competitors followed suit. In return, Robinhood has evolved its offering.

Features & Benefits

  • Account Minimum – $0
  • Tradeable securities – stocks, ETFs, options, cryptocurrency
  • Fractional shares – pay as little as $1 for a piece of stock in real-time.
  • High-yield savings – a cash management account earning interest with a debit card.
  • Friendly mobile interface – best for on the go investors who need the basics.

What is Robinhood?

Robinhood Financial is democratizing the financial markets as the pioneer in commission-free trades. With Robinhood, you can invest in stocks, ETFs, ADRs, perform options trading, and purchase cryptocurrencies.

Securities in Robinhood accounts are insured up to $500,000 by the SIPC. The cash management account may be insured up to $1,250,000 by FDIC insurance.

Robinhood Products

All Robinhood users must have an investment account to access other products. You can open an individual taxable account.

  • Invest – get mobile access to the markets to invest in individual companies or bundles of companies.
  • Cash Management – Earn a competitive interest rate on your uninvested cash and gain more flexibility with your brokerage account.
  • Options – expertly trade on your bullish or bearish beliefs.
  • Crypto – access the cryptocurrency market 24/7.

Robinhood Gold is an upgraded service that starts at $5. It gives you access to professional research reports, trades on margin, and make bigger instant deposits.

Fees & Pricing

No fees to open your account, to maintain your account, or to transfer funds to your account.

Robinhood Review

Robinhood is a legit and secure free-trading app that lets you trade stocks, options, exchange-traded funds, and cryptocurrency without paying commissions or fees. Although there are more competitors offering zero-commission trades, Robinhood still shines with its mobile and web interface that lean on simplicity and useability for newbie investors.

Who is it best for?

Robinhood is best for new investors or those who prefer to trade in small amounts, including fractional shares, and don’t need deep research tools. If a streamlined and simple trading platform is important to you, Robinhood is a solid choice. It’s also made it the Smile list for best free stock trading apps.

Are you looking for more robust research tools? Consider upgrading to Robinhood Gold or using an alternative such as Webull or M1 Finance.

How to start a Robinhood account

Time needed: 3 minutes.

Step-by-Step to opening an account with Robinhood

  1. Getting started

    Click here to “Get Started

  2. Enter email and password

    Submit your personal information and complete the application.

You may be required to send in documents to verify your identity. You’ll receive an email with instructions to upload your documents securely.

Additional information

Investing Type

Self Directed Investing

Key Features

Automatic Deposits, Dividend Reinvestment

Minimum Deposit

$0

Investments Available

Cryptocurrency, ETFs, Options, Stocks

Investment Portfolio

Option Trade, Stock Trades

Fees

No Minimum Fees, No Trading Fees

Upgraded Service

Premium Option Available

Average Rating

4.00

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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

    Pros
    ✓ Free trades
    ✓ No minimum deposits
    ✓ Fractional shares

    Cons
    ☓ 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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