Robinhood offers commission-free trading with a simple interface for beginner investors.
Pros
Cons
Fee Level: | Very Low |
Inactivity Fee: | Low level |
Index CFD Fee: | Not applicable |
Investor Protection: | No investor protection |
Mobile Platform: | Simplistic app for trading on the go. |
No commission fees on trades.
Pros
Cons
Secure app with encryption but lacks advanced regulation.
Pros
Cons
Quick processing with no fees.
Pros
Cons
Simple and fast account setup.
Pros
Cons
Simple and user-friendly interface.
Pros
Cons
Simple and efficient for basic trading.
Pros
Cons
Limited range of assets with no retirement options.
Yes, Robinhood is regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). It is also a member of the Securities Investor Protection Corporation (SIPC), which protects customer funds up to $500,000 (including $250,000 for cash).
Robinhood offers commission-free trading on stocks, ETFs, and options. However, options contracts have no per-contract fees, and there are regulatory and clearing fees that may apply. Cryptocurrency trading is also commission-free.
Yes, Robinhood provides margin trading through Robinhood Gold, a premium subscription service that allows users to borrow money for trading. The current margin rate is 8% for standard users and 5% for Gold members.
