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NerdWallet gives Robinhood a 4.3 rating based on its fees, account minimum, investment choices, customer support and mobile app. Learn about Robinhood's features, such as free stock, options and crypto trades, IRA match, 24/5 trading and IPO access.
- Robinhood
6 days ago · Forbes Advisor evaluates Robinhood as a popular but risky online broker that offers commission-free trading of stocks, ETFs, options and cryptocurrency. Learn about its pros and cons, fees, platform, research, customer service and security.
- 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,...
Robinhood is a commission-free trading app for stocks, ETFs, options, and cryptocurrencies. Learn about its perks, drawbacks, investment selection, ethics, and customer service in this comprehensive review.
- Robinhood
- Is Robinhood good for beginners?Robinhood's simple user interface, lack of trading commissions, and digital library are a few of the traits that make it a solid option for beginne...
- Is Robinhood safe?Yes. Robinhood is a member of the Securities Investor Protection Corporation, so it offers insurance of up to $500,000 for securities and coverage...
- What is the downside of Robinhood?One thing to consider before signing up is that Robinhood is strictly for self-directed traders. It doesn't offer any automated investing options,...
- How much does Robinhood charge?Robinhood markets itself as a "free" app because users can set up a free account with no minimum investment. Users won't pay annual fees, inactivit...
- How can you make money on Robinhood?You can make money on Robinhood by selling cryptocurrencies, stocks, ETFs, and more for a higher price than you bought them. You can also earn divi...
6 days ago · 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.
3 days ago · 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.
Feb 22, 2024 · Learn about Robinhood, a popular trading app with no commissions or fees, but limited investment options and research tools. Find out how it works, what it offers, and what to watch out for.
