Robinhood: Investing for All app for iPhone and iPad

4.6 ( 4656 ratings )

Utilities Finance
Developer: Robinhood Markets, Inc.

Free

Current version: 2023.9.0, last update: 1 year ago
First release : 11 Dec 2014
App size: 352.61 Mb

Robinhood helps you run your money your way. Trade stocks, options, ETFs, with Robinhood Financial & crypto with Robinhood Crypto, all with zero commission fees. Other fees may apply*.

BOOST YOUR RETIREMENT
- Get a 1% match on all contributions, transfers, and rollovers.
- With tax-deferred or tax-free growth, you could keep more of your money.

COMMISSION-FREE TRADING
- Trade stocks, ETFs, and options commission-free
- Invest with as much or as little as you want, whether it be $1 or $1000

ADVANCED CHARTS ARE HERE
- Identify trends for your investing strategies with technical indicators like moving average (MA), relative strength index (RSI), and more.

LEVEL UP WITH ROBINHOOD GOLD
- Earn 4.9% on your uninvested cash. Terms apply.**
- Get bigger instant deposits (up to $50k)
- Margin investing with a competitive rate (if eligible)
- Stay on top of the market with Nasdaq Level II data & Morningstar research
- $5 monthly fee after 30 day free trial

ROBINHOOD CASH CARD
- Get your paycheck up to two days early with direct deposit***
- Earn 2% cash back on eligible gas and groceries purchases****
- Earn cash back when you spend on offers from participating brands

CRYPTO WITH NO COMMISSION FEES
- We charge 0% to buy/sell crypto.
- Own your coins and securely transfer them in and out of your account
- Trade Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Dogecoin (DOGE), Avalanche (AVAX), Ethereum Classic (ETC) and more.

INVEST SECURELY WITH LIVE SUPPORT, 24/7
- Chat with a Robinhood associate for any questions you have.
- Our security tools, like 2-factor authentication, keep your account safe
- Protection for your holdings up to $500,000*****

Disclosures
Investing is risky, consider investment objectives & risks carefully before investing.

*View Robinhood Financials fee schedule at rbnhd.co/fees.

**APY as of 7/27/23, and subject to change. Interest is earned on uninvested cash swept from your brokerage account to program banks.

***Early access to direct deposit funds depends on timing of the payers submission of deposits and is not guaranteed. We generally make these funds available on the day the payment file is received which may be up to two days earlier than the scheduled payment date.

****Cash back on eligible gas and groceries purchases requires a qualifying direct deposit.

*****Member of SIPC. Securities in your account protected up to $500,000. For details, see sipc.org. This does not protect against a loss in the market value of securities.

IRA match: Contributions must come from an external account and must be held in the Robinhood IRA for at least five years to avoid the possibility of a withdrawal fee

Robinhood Money, LLC ("RHY") (NMLS ID: 1990968) offers a spending account and the Robinhood Cash Card. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

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

Securities trading offered through Robinhood Financial LLC, member SIPC. See our Customer Relationship Summary at rbnhd.co/crs.
Robinhood Financial LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc. 2784095

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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