About Robinhood
Robinhood democratized investing by eliminating trading commissions and account minimums. Buy and sell stocks, ETFs, options, and cryptocurrency with zero commission fees. Fractional shares let you invest in expensive stocks like Amazon or Tesla with as little as $1.
The clean interface shows real-time stock quotes, interactive charts, analyst ratings, and earnings calendars. Robinhood Gold ($5/month) unlocks Level II market data, higher instant deposits, professional research from Morningstar, and 4.5% APY on uninvested cash.
Recurring investments automate your portfolio building on a daily, weekly, or monthly schedule. The Robinhood Cash Card earns up to 3% cashback. IRA accounts with a 1% match on contributions help you save for retirement. 24-hour market trading extends your trading window beyond traditional market hours.
Key Features
- Commission-free stock and crypto trading
- Fractional shares starting at $1
- 24-hour market trading
- IRA with 1% contribution match
- Real-time quotes and interactive charts
- Recurring automated investments
- Robinhood Cash Card with cashback
Pros & Cons
👍 What We Like
- Zero commissions on all trades
- Fractional shares make any stock accessible
- Clean, intuitive interface for beginners
- 24-hour trading extends market access
👎 What Could Be Better
- Limited research tools compared to full brokerages
- Options trading can be risky for beginners
- Customer support has been criticized
- Past outages during high-volatility events
User Reviews
Robinhood made investing approachable for me. I started with $50 buying fractional shares of companies I know and use. The recurring investment feature builds my portfolio automatically every week. The IRA match is a nice bonus.
The 24-hour trading is a game-changer for reacting to after-hours news. The interface is the cleanest of any brokerage app. Robinhood Gold is worth it for the higher APY on cash alone. Just don't expect the research depth of Schwab or Fidelity.