Robinhood
Robinhood is a popular free stock trading app that allows users to buy and sell stocks, ETFs, options and cryptocurrencies with no commissions or fees. It has an easy-to-use mobile interface aimed at novice investors.
stocks
cryptocurrency
mobile
free
novice-investors
Robinhood: Free Stock Trading App
Discover a free stock trading app allowing users to buy and sell stocks, ETFs, options & cryptocurrencies with no commissions or fees. Easy-to-use mobile interface for novice investors.
What is Robinhood?
Robinhood is a financial services company that offers a popular commission-free investing app. The app allows users to invest in stocks, exchange-traded funds (ETFs), options and cryptocurrencies without paying any fees or commissions.
Robinhood is aimed primarily at younger, novice investors. Its intuitive mobile interface and lack of account minimums or investment requirements makes it easy for new investors to get started. Users can open an account quickly, monitor their favorite stocks, execute trades and manage their portfolio all through the Robinhood app.
One of the most popular features of Robinhood is that trading stocks, ETFs and options is completely free. Most brokerages charge commission fees that range from $1 - $10 per trade depending on the type of account. By cutting out those fees, Robinhood allows investors to execute more trades without incurring extra costs.
Robinhood also offers additional features like market news, price alerts, fractional share investing and risk analysis tools. It generates revenue mainly by collecting interest on cash and securities held in user accounts, as well as through its Robinhood Gold premium subscription service which grants access to professional research and margin trading capabilities.
While Robinhood makes investing more accessible to beginners, its simplistic interface lacks some advanced analysis and trading tools offered by full-service brokers. However, for casual investors looking for an easy way to dip their toes into trading stocks and funds, Robinhood provides an attractive option with no fees or minimums.
Robinhood Features
Features
- Commission-free trading of stocks, ETFs, options and cryptocurrencies
- Fractional share investing
- Intuitive mobile app interface
- Research tools like analyst ratings and price targets
- Cash management account with debit card
Pricing
- Free
Pros
No trade commissions or account minimums
Easy to use interface good for beginners
Fractional shares allow investing small amounts
Large selection of assets to trade
Cons
No retirement accounts like IRAs offered
Limited customer service and support
Frequent outages during peak trading times
Limited research and analysis tools compared to full-service brokers
Official Links
The Best Robinhood Alternatives
Top Business & Commerce and Investing & Trading and other similar apps like Robinhood
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