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Robinhood - Investing, No Fees

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    Robinhood - Investing, No Fees

    by: 47.1K 8.2

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    Robinhood - Investing, No Fees's review

    Published: 2015-08-25, by .

    A beautiful interface and a lack of fees make Robinhood - Free Stock Trading a financial app a must have for first-time stock traders

    8.2
    • Beautiful intuitive UI
    • No fees to trade
    • Lack of advanced trading options

    "A Free Stock Trading App For Investment Beginners"

    THE VERDICT

    Robinhood - Free Stock Trading is a free stock trading app available for iOS devices. Robinhood works by taking away the standard $10 fee charged by big name brokers like ETrade or Charles Schwab, allowing you to buy and sell stocks with absolutely no commission fees. With the app, you can also access market data and quotes in real time, track your portfolio, and tell when markets open and close. Robinhood can also deposit your money directly into your bank account.

    THE PROS

    Unlike most other stock trading apps in the market, Robinhood uses a very beautiful and intuitive interface, allowing for quick setup and great ease of use. As promised, there are no commission fees to buy and sell stocks. You also don’t need a minimum amount to begin invest; if you have a few bucks, you can get started right away.

    THE CONS

    Currently, Robinhood offers barebones stock trading, lacking advanced market options that other big name brokerages offer, such as trading options, OTC securities, and mutual funds. Only individual accounts are available, leaving out joint investors.

    Daniel Adrian Sanchez

    by Daniel Adrian Sanchez

    Aug 25, 2015

    Description

    Invest for Free
    - Invest in cryptocurrencies, stocks, ETFs and options side by side, all commission-free and easily accessible in one app.
    - No account minimum needed to get started.
    (Please see Robinhood’s Fee Schedule to learn more)

    Instant Access
    -Use funds immediately for stocks and crypto with Robinhood Instant Deposits, instead of waiting the standard 3-day period.
    -Instantly sell your stocks to buy cryptocurrency or sell your cryptocurrency to buy stocks.

    Investing at Your Fingertips
    - Sign up in minutes, trade stocks, options, ETFs, and cryptocurrencies in seconds.
    - Stay on top of your investments with personalized price movement, earnings, dividends, and splits notifications.
    - Access real time market data for stocks, options and cryptocurrencies.
    - Place market, limit, stop loss, stop limit, and good-til-canceled orders.

    Designed for You
    - Approachable design, built from the ground up with newcomers and experts in mind.
    - View beautiful, intuitively designed charts and historical market data for stocks and cryptocurrencies.
    - Material Design Award Winner

    Get More Buying Power With Robinhood Gold
    - Invest more in the companies you love with up to double the buying power.
    - Capture investment opportunities right away with larger instant deposits.
    - Get access to extended market hours as early as 9am EST and as late as 6pm EST.

    Get Free Stock
    - Refer a friend and you’ll both get a free stock like Apple, Ford or Sprint.
    - Earn up to $500 of free stocks that include some of the most popular stocks on the market.

    Secure & Trusted Platform
    - We use cutting-edge security measures to protect your assets and your personal information.
    - Robinhood Financial is also a member of FINRA and SIPC, which protects securities in your account up to $500,000. For details, please see www.sipc.org. Robinhood Crypto is not a member of FINRA or SIPC and cryptocurrencies are not protected by FDIC or SIPC insurance.

    What Experts Have to Say
    “The public markets have long been intertwined with the American Dream and Robinhood offers a new generation the promise of owning a piece of it.” - Fast Company

    "As their zero commission business model expands it could disrupt the traditional brokerage industry." - Jim Cramer, Mad Money

    "It's sleek. It's easy to use. It's designed to give first time, small-scale investors a leg up on Wall Street hotshots." - Business Insider

    "Stock trading was expensive and ugly. Robinhood makes it free and pretty." - Tech Crunch

    Disclosure
    Robinhood Financial LLC and Robinhood Crypto, LLC are subsidiaries of Robinhood Markets, Inc. Equities and options are offered to self-directed customers by Robinhood Financial, member of FINRA and SIPC. Cryptocurrency trading is offered through Robinhood Crypto. Cryptocurrencies are not stocks. Any information about Robinhood Crypto on any Robinhood website, platform, emails or other communications, are for informational purposes only and not intended as a solicitation or advertisement for Robinhood Crypto.

    All investments involve risk and the past performance of a security, other financial product or cryptocurrency does not guarantee future results or returns. While diversification may help spread risk, it does not assure a profit or protect against loss. You can always lose money when you invest in securities, cryptocurrencies, or other financial products. Investors should consider their investment objectives and risks carefully before investing.

    Margin trading in securities involves interest charges and risks, including the risk of losing more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance and financial situation.

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    Users review

    from 47.052 reviews

    "Awesome"

    9.2

    Users comments for Robinhood - Investing, No Fees

    Aaron Stone

    by Aaron Stone

    Feb 18, 2018  |  "Great"

    Great interface, would like to see more features added though -- especially with analysis tools (ie: bollinger bands, imp. vol, etc). Also the wait lists for everything are kind of annoying, but I won't complain because there's no fees.

    David Cardoza

    by David Cardoza

    Feb 18, 2018  |  "OK"

    I didn't trust that it needs your social security number

    Daniel Ramirez

    by Daniel Ramirez

    Feb 18, 2018  |  "Awesome"

    Great app. I can't believe I got stocks for free. That's so awesome!!!!

    Andy K

    by Andy K

    Feb 17, 2018  |  "Poor"

    Horrible customer service. "Application under review" for weeks now, and they can't seem to tell me why, nor how to get it out of review. Maybe it's better that way; I would hate to find out about problems like this only after I transferred money to them....

    Tim Gibson

    by Tim Gibson

    Feb 17, 2018  |  "Awesome"

    Free trading... nuff said...

    A Google user

    by A Google user

    Feb 17, 2018  |  "Awesome"

    Great stock trading app.