Www.robinhood

RobinHoodFounded in 2013, Raised 66.0M

Mobile only free stock trading broker

Visit Website

Details

Min. Investment
$0
Fee

Free

Comments

  • 80d92fa4688a493a66475c4e351781af?s=100&d=identicon
    Fake Buster
    5 months ago

    I've been using robinhood (commission free) to invest in stocks for more than a year. You can also invest in ETFs directly. I love that you can easily buy stocks without any commissions hassle-free from the comfort of your home. Also, they recently introduced the Gold plan where they lend you like $3000 that you can use to invest and keep all the profits, which is great. I kinda wish that you can instantly cash out your investments and into your bank account instead of having to wait around 5 days.

    Reply

    • Login to leave a comment.
  • 4a042b8382a008d344561c8301509f3a?s=100&d=identicon
    Matthew Hui
    5 months ago

    I've been using RobinHood for a few months because of free trades. The iOS app is really designed and I like to open it just because it looks so nice. It's annoying that sometimes touch ID will not work and I'll have to login using my email/password.

    I don't have RobinHood instant yet (which allows you to purchase stocks with up to $1000 while your bank transfers are still pending) so I found it annoying having to wait a few days to purchase stock. The selection of stocks on RobinHood is also limited. I wasn't able to purchase some OTC stocks.

    Merrill Edge is still my main broker because my bank accounts are with Bank of America and I get 30 free trades a month anyways which is plenty for me.

    Reply

    • Login to leave a comment.
  • 6eed959b05b9eabf117c4de3a39c1d4e?s=100&d=identicon
    rogerclee
    5 months ago

    RH gets some flak from people who think they are "serious" investors, and using a platform like RH means they aren't serious.
    RH was designed for people like you starting out. I would recommend it to anyone who wants to make a few trades a month, has no interest in anything other than US stocks, and has less than $25,000 to invest.

    Reply

    • Login to leave a comment.
  • 86c26a025172fcaa1eca8a18008366f4?s=100&d=identicon
    agressivevalue
    5 months ago

    Robinhood is a great free app for anyone looking to get started in the market. You won't pay any trade commissions w/ Robinhood, so that's great if you're not starting out with a lot of money - you wouldn't want your account getting chewed up by commissions. There are a few downsides to Robinhood however... - Can't open a retirement account - Can't open a custodial account - Can only trade stocks (no options/futures) - No short selling stocks - Very basic platform without research tools - but you can find so much on the internet for free that this doesn't matter much

    I personally use Robinhood and I really enjoy it. It performs the basic tasks I need (buy and sell stock) and it's free so you can't beat that!

    Reply

    • Login to leave a comment.

Leave a comment
Please sign in to leave comments

Subscribe to receive news & updates from Senzu