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.
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.
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 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.
How to start a Robinhood account
Time needed: 3 minutes.
Step-by-Step to opening an account with Robinhood
- Getting started
Click here to “Get Started”
- 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.