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Jan 18, 2024 · NerdWallet rating. The bottom line: Robinhood provides free stock, options, ETF and cryptocurrency trades, a 1% match on IRAs, and its account minimum is $0. Mutual funds and bonds aren't...
- Robinhood
Feb 15, 2024 · Pros. No account minimum, no monthly fee. Very easy to use. Allows cryptocurrency and fractional share trading. Instant access to deposited cash. Cons. App design may encourage active trading,...
Jun 27, 2023 · Robinhood offers trading for more than 5,000 stocks and ETFs. Plus users can receive one free stock for referring a friend. Read our expert review for more pros, cons, and services.
- Free Trading
- Account Minimum and Quick Funding
- Intuitive Mobile App
- Robinhood Gold
- Fractional Shares
- Cash Interest
- Ira Matching
- 24/5 Trading
Stocks, ETFs, options and cryptocurrency. Check, check, check and check! You can trade them all for free on Robinhood, and that’s a huge boon to investors, especially options investors. While investors can find free stock and ETF trades at most online brokerages these days, the real differentiator for Robinhood is its free options trading. As optio...
With no account minimum, Robinhood adds to its investor-friendly cred, but its funding process is even better. If you’ve ever tried to fund a brokerage account before, you know it can take a while to get the funds into the account, even if you move the cash in right as you’re opening the account. That’s why Robinhood’s funding stands out. Robinhood...
While investors can also use the web-based interface to trade, Robinhood is a mobile-first company, and so its most recognizable trading platform is the mobile app. The stripped-down app is simple to navigate, especially once you understand how the app’s icons function. You can quickly move from screen to screen, investigating stocks and placing or...
Robinhood charges $5 a month for its Gold program, which offers research on about 1,700 companies from Morningstar, Nasdaq Level II quotes, higher interest on your cash balance and margin loans at a lower cost than its standard rate. The subscription price includes the interest on your first $1,000 in borrowing, and subsequent amounts are charged a...
Robinhood is great for fractional shares, whether you want to buy or reinvest your dividends. You’ll be able to place a trade with as little as $1, and you can buy as little as one-millionth of a share. Robinhood also extends this program to stocks that may not be featured in partial-share programs at other brokers. Most stocks trading above $1 per...
Now that interest rates are at a 16-year high, Robinhood has upped its game when it comes to paying interest on unused balances in your account. Any customer can get the standard rate on their account, but those who upgrade their account to Robinhood Gold can get a much better rate. With interest rates moving around so quickly, we haven’t included ...
In January 2023, Robinhood introduced what it calls IRA matching to go with its IRA. The move was a new foray for Robinhood, which offered only an individual taxable account up until that point. Now with access to a traditional IRA or Roth IRA, customers can invest for their golden years at Robinhood, too. And the company is offering a match as a b...
Robinhood rolled out 24-hour trading in 2023, extending trading hours on 236 stocks and ETFs. Clients can trade round the clock from Sunday 8 p.m. ET to Friday 8 p.m. ET. Stocks included in 24-hour trading include Tesla, Amazon and Apple, some of the largest and most popular names out there, among many others. If you’re trading after-hours, though,...
Mar 18, 2024 · Our Robinhood 2024 review explores how the investment app makes stock trading accessible for all kinds of investors. Discover Robinhood's fees, features, and more.
- Robinhood
Mar 13, 2024 · Robinhood provides a bare-bones trading experience, making it a poor choice for investors seeking the best trading platform. Also, Robinhood's stock research tools are lacking when compared to $0 commission brokers such as E*TRADE, Charles Schwab, and Fidelity.
“I’m so glad Robinhood exists, because they changed stock trading in the United States by offering zero-dollar trades,” money expert Clark Howard says. “They made trading affordable for people of any age and any income.