Robinhood
Robinhood is a commission-free online brokerage platform that allows individuals to invest in stocks, options, ETFs, and cryptocurrencies. The company was founded in 2013 and has gained popularity due to its user-friendly interface and commission-free trading.
One of the unique features of Robinhood is its mobile app, which allows clients to trade on-the-go and provides real-time market data and news updates. The platform also offers a variety of educational resources, including articles, videos, and podcasts, to help clients make informed investment decisions.
Robinhood is known for its commission-free trading model, which allows clients to buy and sell securities without paying any commission fees. However, the company generates revenue through other means, such as interest on cash balances and fees for premium services like Robinhood Gold.
In addition to its investment services, Robinhood also offers a cash management account that provides clients with a debit card, ATM access, and a high-yield savings account.
Pros
- No account minimum.
- Streamlined interface.
- Cryptocurrency trading.
Cons
- No mutual funds or bonds.
- Limited customer support.
Google rating: 4.5/5.0
Fees: $0 for stocks, ETFs, and options
Website: https://robinhood.com/us/en/
