Trading with Robinhood
A broker focusing on newcomers
to the financial markets, Robinhood offers a commission-free trading environment. A perfect broker for the U.S. and Australian traders eager to begin trading financial markets.
Pros and Cons when Trading with Robinhood
With a fast account setup, Robinhood has a beautifully designed trading platform. Simple and intuitive, it makes a tremendous commission-free trading environment.
Accessibility, though, is an issue. Only available to U.S. and Australia clients
, for now, Robinhood plans to expand in other regions too. Still, on the negative side, Robinhood has few assets to choose from when trading as well as weak customer service.
While not charging any commissions for trading U.S. stocks, a small commission applies for trading non-U.S. stocks.
However, no inactivity and withdrawal fees exist when trading with Robinhood.
Opening an Account with the Robinhood Broker
Easy and fast account opening process, though only for the U.S. and Australian citizens for the moment.
Robinhood Deposit and Withdrawal Conditions
Renowned for the $0 minimum account deposit, Robinhood consistently attracts new traders. Literally, one can start trading with one single dollar.
What to Trade with Robinhood
Stocks, ETFs, Options, and Crypto – Robinhood excels in offering a competitive trading environment for these markets. That’s especially true for the Crypto market, as even smaller coins like Stellar are listed, making it one of the favourite destinations for crypto speculators.
Robinhood Trading Platform
A simple and performant solution every beginner trader loves. Could be a bit more customizable, but that’s something always on the pipeline at Robinhood.
Research and Customer Service
Providing analysts ratings and fundamental data, Robinhood’s platform allows newbie traders to benefit the most from what’s ahead.
On the customer service side, Robinhood only offers email support. Though well managed and performant, it lacks the advantages of having live chat support or even phone support as other brokers have (e.g., Trading212).
No tutorial videos, no trading education of any kind. Enough to create confusion for a newbie trader.
Funds Safety when Trading with Robinhood
Robinhood guarantees investment protection up to $500,000, functioning under the umbrella of a top tier financial authority.
A beginner-focused broker with a commission-free environment, Robinhood is perfect for traders looking for little or no trading costs.
Find out more and take advantage of RobinHoods market opportunities by clicking here.