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Robinhood - Investing, No Fees app for iPhone and iPad


4.4 ( 6384 ratings )
Utilities Finance
Developer: Robinhood Markets, Inc.
Free
Current version: 6.7.0, last update: 2 months ago
First release : 11 Dec 2014
App size: 109.88 Mb

Invest for Free
- Invest in cryptocurrencies, stocks, ETFs and options side by side, all commission-free and easily accessible in one app.
- No account minimum needed to get started.
(Please see Robinhood’s Fee Schedule to learn more)

Instant Access
-Use funds immediately for stocks and crypto with Robinhood Instant Deposits, instead of waiting the standard 3-day period.
-Instantly sell your stocks to buy cryptocurrency or sell your cryptocurrency to buy stocks.

Investing at Your Fingertips
- Sign up in minutes, trade stocks, options, ETFs, and cryptocurrencies in seconds.
- Stay on top of your investments with personalized price movement, earnings, dividends, and splits notifications.
- Access real time market data for stocks, options and cryptocurrencies.
- Place market, limit, stop loss, stop limit, and good-til-canceled orders.

Designed for You
- Approachable design, built from the ground up with newcomers and experts in mind.
- View beautiful, intuitively designed charts and historical market data for stocks and cryptocurrencies.
- Apple Design Award Winner.

Get More Buying Power With Robinhood Gold
- Invest more in the companies you love with up to double the buying power.
- Capture investment opportunities right away with larger instant deposits.
- Get access to extended market hours as early as 9am EST and as late as 6pm EST.

Get Free Stock
- Refer a friend and you’ll both get a free stock like Apple, Ford or Sprint.
- Earn up to $500 of free stocks that include some of the most popular stocks on the market.

Secure & Trusted Platform
- We use cutting-edge security measures to protect your assets and your personal information.
- Robinhood Financial is also a member of FINRA and SIPC, which protects securities in your account up to $500,000. For details, please see www.sipc.org. Robinhood Crypto is not a member of FINRA or SIPC and cryptocurrencies are not protected by FDIC or SIPC insurance.

What Experts Have to Say
“The public markets have long been intertwined with the American Dream and Robinhood offers a new generation the promise of owning a piece of it.” - Fast Company

"As their zero commission business model expands it could disrupt the traditional brokerage industry." - Jim Cramer, Mad Money

"Its sleek. Its easy to use. Its designed to give first time, small-scale investors a leg up on Wall Street hotshots." - Business Insider

"Stock trading was expensive and ugly. Robinhood makes it free and pretty." - Tech Crunch

Disclosure

Robinhood Financial LLC and Robinhood Crypto, LLC are subsidiaries of Robinhood Markets, Inc. Equities and options are offered to self-directed customers by Robinhood Financial, member of FINRA and SIPC. Cryptocurrency trading is offered through Robinhood Crypto. Cryptocurrencies are not stocks. Any information about Robinhood Crypto on any Robinhood website, platform, emails or other communications, are for informational purposes only and not intended as a solicitation or advertisement for Robinhood Crypto.

All investments involve risk and the past performance of a security, other financial product or cryptocurrency does not guarantee future results or returns. While diversification may help spread risk, it does not assure a profit or protect against loss. You can always lose money when you invest in securities, cryptocurrencies, or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Margin trading in securities involves interest charges and risks, including the risk of losing more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance and financial situation.

Pros and cons of Robinhood - Investing, No Fees app for iPhone and iPad

Robinhood - Investing, No Fees 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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