Robinhood: Investing for All app for iPhone and iPad
Robinhood helps you run your money your way. Identify trends for your investing strategies with technical indicators like moving average (MA), relative strength index (RSI), and more.
TRADING
-Commission-free trading on stocks, options, and ETFs.
-Lowest costs on average on Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other crypto.
-Invest as much or little as you want. Other fees may apply*.
ROBINHOOD GOLD ($5/month)
-Earn 4% APY on uninvested cash (no cap).¹
-Earn a 3% retirement IRA match.²
-Get Instant Deposits up to $50,000.³
-First $1K of margin investing (if eligible)⁴
SECURITY + 24/7 LIVE SUPPORT
- Chat with a Robinhood associate anytime
- Security tools, like 2-factor authentication, keep your account safe
Disclosures
Investing is risky, consider investment objectives & risks carefully before investing.
*View Robinhood Financials fee schedule at rbnhd.co/fees.
1. In addition to joining Robinhood Gold, customers must enroll in the Brokerage Cash Sweep program for their deposits to earn interest.
2. The 3% matching on contributions requires a subscription with Robinhood Gold (fees apply), must be subscribed to Gold for 1 year after your contribution to keep the full 3% match. You must have compensation (wage income) in order to contribute to an IRA. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee.
You must have compensation (wage income) in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.
The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.
3. Bigger Instant Deposits are only available to customers in good standing and may be limited for trades involving volatile assets or derivatives.
4. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used.
Cryptocurrency trading is offered through an account with Robinhood Crypto (NMLS ID: 1702840).
Fractional shares are illiquid outside of Robinhood & are not transferable. Not all securities are eligible for fractional share orders. Learn more at robinhood.com
Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.
Securities trading offered through Robinhood Financial LLC, member SIPC. See our Customer Relationship Summary at rbnhd.co/crs.
Robinhood Financial LLC, Robinhood Gold, LLC, and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc.
There are additional, unique risks with trading outside of regular market hours you should be aware of before making an investment decision, including the risk of lower liquidity, increased volatility, greater spreads, and pricing uncertainty. Robinhood 24 Hour Market is from Sunday 8 PM ET - Friday 8 PM ET.
Robinhood, 85 Willow Road, Menlo Park, CA 94025
Pros and cons of Robinhood: Investing for All app for iPhone and iPad
Robinhood: Investing for All app good for
Does what you need. Trades stocks for no commission. Go elsewhere for bells and whistles. Use this to get the job done.
I have downloaded both Robinhood and Stash and so far Robinhood has been much more user friendly. Its sets up easily and is easy to use. Compared to Stash there were a bit more quirks to have it fully set up. For long term simple trading without the fees I would stick with Robinhood
Have been turned off by other brokers because of the high commission fees. Robin Hood changed that.
Amazing! Just wish Mint would recognize it so I can finally have all my finances in one location.
Not sure how the company turns a profit despite constant trading costs and low residual but its a beautiful platform and instant executions. The robinhood instant is amazing, you cannot day trade (trade and sell same stock same day) but the instant reinvesting opportunity with NO fees is just perfect.
Great UI,detailed chart, esp after hours numbers and overall ease of buy n sell
Need more analyst ratings n reports , better alerting for portfolio and faster initial deposit times
Some bad moments
The app is good and seamlessly operates. I have an issue with the "instant" feature. I had no idea what I was doing, screwed up a couple limit buys and tried to get out before I lost money and now Im "flagged" as a day trader. All the while my buddy buys and sells all day on the app. I sent a complaint a week ago. Got an automated response and havent heard back. Seems pretty Mickey Mouse to me. All the while they are making money on my money while Im making little to none.
1. Doesnt allow you to do more than 1 trade for high volatility stocks.
2. Doesnt release your funds immediately after trading even if you have robinhood instant. (I dont know why are they holding on to my cash, when you finish selling a stock the funds should be readily available.
3. Market sell price, dont be fooled when the app says that theres a profit, when you click on sell it now - it will sell at whatever market price it is - which could turn your profit into immediate loss. (Take note)
4. While this is an free app, it has a lot of limitations - you cant see the charts easily and theres no updates or history on your trades.
5. Never coming back to this app again - unreliable.
Can you please remove these restrictions on Robinhood Instant?
I previously wrote a very positive review. When I first got the app it was great. I was buying stocks commission free. I even had a question and I wrote an email to the help desk and they responded within a day. Since then Ive had the app for over a year Ive invested a sizable amount of money but Ive run into significant problems. Two stocks I own are no longer offered on robinhood. When I realized this I immediately wrote to the help desk. I got a message giving me a number that had more digits than a phone number and said theyd be in touch. That was two weeks ago. At the end of the day the robinhood app is good for a couple bucks here and there but its not somewhere to put any true investment. You need to be able to trust and contact anyone holding that much of your money.
Free But Lacking Many Common Features. Customer Service Does Not Exist.
STOP LOGGING ME OUT!!
No one else seems to have this problem. Not sure whats wrong with me. Ive tried reinstalling the app, rebooting the phone, nothing. Every other day or so, I get logged out and the app resets itself.
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