Robinhood

3.9(2.500 reviews)

Commission-free US broker that revolutionized stock trading

SEC/FINRA RegulatedSince 2013

Trust Score

Very Good

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

0 $

Min. Deposit

Instruments

SEC/FINRA

Regulation

Platforms

Key Features

Stocks

Stocks trading available

ETFs

ETFs trading available

Options

Options trading available

Crypto

Crypto trading available

Robinhood App

Trading Platform

Robinhood Web

Trading Platform

Advantages

Completely commission-free trading
Very user-friendly app
Fractional shares from $1
Free options trading

Disadvantages

Only available for US customers
Limited research and analysis tools
Payment for Order Flow business model

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Robinhood

Robinhood was founded in 2013 in Menlo Park, California, and revolutionized the US stock market with its commission-free business model. Regulated by SEC and FINRA, the broker enables free trading of stocks, ETFs, options, and cryptocurrencies. Its particularly user-friendly mobile app has brought an entire generation of young investors to the stock market. The product range includes stocks, ETFs, options, and cryptocurrencies – all tradable without commissions. Fractional shares are available from just 1 dollar, making entry into the stock market particularly accessible. There is no minimum deposit for account opening. Robinhood is particularly suitable for beginners and young investors in the US who seek uncomplicated, commission-free access to the stock market. However, the payment-for-order-flow business model is criticized by some experts, and research tools are limited compared to established brokers like Fidelity or Schwab.

Robinhood FAQ

Is trading at Robinhood really free?

Yes, Robinhood charges no commissions on trading stocks, ETFs, options, and cryptocurrencies. The broker is primarily funded through payment for order flow.

Can I use Robinhood outside the US?

No, Robinhood is currently only available for customers with a US residence. Expansion into other markets has been limited so far.

Does Robinhood offer options trading?

Yes, Robinhood offers commission-free options trading on US stocks. This makes it one of the most affordable providers for retail investors who want to trade options.

What are fractional shares at Robinhood?

Fractional shares allow you to buy fractions of stocks from just 1 dollar. This way, you can invest in expensive stocks like Amazon or Google without having to pay the full share price.