Robinhood -
Q&A Submitted By: App Reviewer
Seller: Robinhood Markets Inc (
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Category: Finance Reviewed Version: 2022.04.0
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Price: Paid Options
The app offers its services on $0 Fees and account minimum which makes it a wonderful app. The app doesn’t charge any annual, inactivity or ACH transfer fees. The app charges $75 ACAT outgoing transfer fee. The app offers Robinhood Gold which costs $5 a month for becoming premium users. Robinhood Gold offers investors the ability to trade on margin.
Supported Languages: English
Robinhood is a simple and unique app made just for people who are indulged in crypto currency trade. The app is elegant and secure which allows you to buy and sell bitcoin and other cryptocurrency. The app is made for investing in stocks, options, ETFs by financing option. Robinhood crypto allows you to securely buy, sell, and store cryptocurrency like Bitcoin, (BTC), Ether (ETH), Doge coin (DOGE), etc. The app is made to keep you on top of the market. The app has great tools which helps beginners as well as professionals to make a place in crypto market. From commission-free trading to intuitive design, investing is now more approachable & affordable through the Robinhood app.
App Features and Capabilities - Finance expert: Robinhood app has great feature of finance support which help users better understand financial markets so you can invest in ETFs, stocks, & options.
- Tools: The app provides proper trading tools through which you can access real time market data, see top analysts ratings. These tools helps you to read relevant news articles and notifies you about coming events to makes sure that you stay on top in the crypto market.
- Security & Support: The app provide security to your holdings and tools to help keep your account safe. The app has strong security system which ensures you that your holdings are safe. Robinhood provides you 24/7 customer support through app in case of any difficulty.
- Cash management: The app offers great deals of handling your daily cash. You can get your pay check, pay bills and send checks. You can earn a competitive interest rate on your un-invested cash & get more flexibility with your brokerage account.
- Streamlined interface: The app is extremely easy to use. It has made complex trading strategies, such as options trading, too accessible to inexperienced users.
- IPO access: This amazing feature was introduced in 2021, Robinhood unveiled a new offering that lets users take part in a company’s initial public offering, or IPO. This has typically been reserved for financial institutions.
- Commission Free: The app is famous for commission free services. You can buy and sell cryptocurrencies. Not only this, but it also gives first stock promotion to new users as well.
Pros - The Robinhood app has simple and easy to use interface.
- The app is true discount broker as it offers lowest cost in industry.
- Robinhood doesn’t have an account minimum
- Robinhood provides 100% commission-free stock, options, ETF and cryptocurrency trades
- You can earn interest on your cryptocurrency.
- Robinhood users can buy certain cryptocurrencies right in their stock trading account
- The app is a great trading platform.
Cons
- Robinhood only offers taxable brokerage accounts
- The app doesn’t offer any mutual funds or bonds.
- The app is available only in few countries.
- The app charges high trade fees as compared to other apps.
- The app is expensive for small traders.
- The securities available to trade at Robinhood are limited
Other Information to Know Robinhood is a great mobile app that allows users to buy & sell crypto, Options, ETFs from their smartphones or tablets. The app is offered by Robinhood markets INC. The app has a 4.2 out of 5 star rating on the Apple App Store and 3.8 out of 5 on the Google Play Store. The app ranks at #16 in the category of Finance. The size of the app is 386.1 MB. The app is free to download from app store. The app is only available in English language. The app is compatible on iPhone and iPod touch and requires iOS 11.0 or later.
