what is robinhood app

what is robinhood app

1 year ago 38
Nature

Robinhood is a financial technology company that operates an online discount brokerage with commission-free trading. It is a mobile app and web platform that enables easy access to trading and investing, making its full online discount brokerage service and processes approachable to all kinds of investors. Some key features of Robinhood include:

  • Commission-free trading: Robinhood offers commission-free trading of stocks, ETFs, cryptocurrency, and options.

  • Sleek and simple interface: Robinhood provides a streamlined and easy-to-use mobile app interface that is easy to navigate for non-tech-savvy investors and beginners.

  • Limited investment platform management tools: Robinhoods app setup doesn’t allow users to manage their portfolio diversification easily, which may be an issue for a platform that enables stocks, ETFs, options, and cryptocurrency trading.

  • Limited research and data: Robinhoods research and data offerings are limited compared to other online stock brokers.

  • Robinhood Gold: Robinhood offers a premium service called Robinhood Gold that provides professional research from Morningstar, as well as Level II market data from NASDAQ in real-time.

Robinhood earns revenue from transaction-based revenues, including payments for order flow, and from its premium Robinhood Gold services, fees related to its debit card, and other smaller revenue streams. Robinhood is designed for U.S. customers and requires users to be 18 years or older, have a valid Social Security number, have a legal U.S. residential address, and be a citizen or permanent resident of the United States or hold a valid U.S. visa.

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