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Robinhood is a mobile app and online investment platform that allows users to trade with no commission, account transfer, account setup, per-contract or maintenance fees. It designed its platforms to be simple and accessible for beginners or casual investors, and its Gold membership gives users access to bigger instant deposits and better data.
Pros & Cons
- Little to no fees
- Accessible to novice traders
- Mobile app
- Cryptocurrency trading
- Limited securities
- Single account option
Robinhood makes it easy for anyone to start investing — no experience is needed. Its simplistic web and mobile platforms make it easy to navigate, though more advanced traders may find tools and research lacking.
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I’ve been using Robinhood since 9/2020 and have found the platform very limited in the ability to capture stocks that are not as well known. It is a user friendly platform and quick to set up. The reinvest portion is easy to use and settings are easily navigated.
Great for hobby investments. The app is incredibly easy to use and is designed to introduce and guide new investors to the stock market. With no previous experience in stocks and little knowledge of the process, I found it easy to get started and find it to be a great hobby. We have a group of 5 family members who all signed up and check in on our investments. It's fun but some advice- never invest more than you're willing to lose!
I like how they have it set up so you can play it like a video game. Never have I ever done the same thing at the same time, skydive and also while doing anything else other than trying to keep your face from flapping around. That is one thing you cannot do
I think it's very easy to understand for beginners, I consider myself a beginner, it's hard to understand the graphics in other apps, but Robinhood makes it easy, and they also show news about economy and about the stocks you are buying Which is very helpful for deciding when to buy or sell, but the crypto market is very limited so may not be the right app for people looking for crypto
Easy to use. You just have to play around with it for a little bit. I’m definitely not someone that I consider to be tech savvy but I was able to get the hang of it. What I think the best part is that they tell you whether professional analysts think it’s a good time to buy, hold or sell and what percentage of said analysts think so. For that reason I give it two thumbs up.
Do NOT use Robinhood Brokerage! Because of a glitch in their operation, they froze my new account and restricted me from accessing the $40,000 that they held. There is no phone number to call, no human contact to resolve problems. They answer email Help Desk requests with pre-made responses that do not help. I finally had to file complaints with FINRA and SEC to release my funds, after almost three months! In fact, what type of Brokerage company, Financial Institution, or Bank does not have phone number, customer service to speak with? DO NOT CONSIDER THIS BROKERAGE!
I like that as soon as I pick a stock it is mine, I don’t have to wait for another trade window before it is in my portfolio. They are quick with customer concerns and have a quick turnaround rate. Would highly recommend.
Much better interface than other online brokers in my opinion. Options, some crypto and stocks trading is awesome. The only thing I don't like is having to communicate by email when looking for answers. I wish there was a phone number I could call.
App not completely sync with the actual top level exchange. Free but limited. (Robinhood Gold, which costs $5 a month, includes access to Morningstar Research Reports and NASDAQ Level II Market Data.)
The Rabinhood online broker is very user friendly and safe, you can organize any sell and buy anytime, anywhere. Also you can transfer and invest your money easy from your account to your wallet...and instant deposit more money to your account any time. The commission are very low and fare.
This app makes trading easy. But beware! Before investing you should always perform due diligence. Robinhood helps with this, providing links to articles regarding the stocks you’re interested in. It also makes it very easy to track your portfolio. The interface is amazing, very user friendly.
I don't care what the media says or how Robinhood makes its money. If celebratory digital balloons cause a person to lose everything they have invested, that person never should have started investing in the first place and I wonder how that person got so far in life at all! The service is intuitive, easy to access, and the price is right. I have never once felt like Robinhood has been hiding anything from me.
If one wants to get into stocks but is unsure how stocks work, this is the perfect site to start. Robinhood helps me know when to buy or sell ones stocks with easy charts to look at. With each stock, there is a quick summer of the company that is helpful to understand which are best suitable for each individual.
Platform is simple and easy to use. Transfers happen timely. My only complaint is that I wish I had access to more stocks that are not supported by their platform. Other than that it is sufficient for what I use it for.
Robinhood is a great but simple app for daily stock trading and staying up to date on stock and business information. I use it to manage 5 figures in stocks, and often use the ticker information to stay apprised of the companies status. It's not always available in the app, so I may need to research more, but it's a great launching point at the very least. I like the trader review/analysis as well, but that's relative. There are some misses such as slower trading capability, limited management and limited data. BUT if you trade low-scale like I do, it's great and perfectly priced!
Robinhood is good but sometimes they don't have a basic stock I want to buy and don't know why. They have limits when I have the money in the account and said I have to make a limit. Which I guess just confuses me. That may be my own fault. I love that it's on my phone but I wish I could use my web browser.
Robinhood is a good app for investing your leftover savings, but it should provide more insight and tips to individual investments. I do like the app but sometimes I feel like it could be a bit more helpful for people who want to learn about brokerage.
I personally had all my funds taken. Their customer service is terrible. Only can communicate through email. Their trade platform is designed to make profit off everything sold. Then their platform takes what is sold after it is purchased and resells to other brokerages for a higher price normally cents but sometimes even dollars higher. Their liars and will always be, my documents support this.
I really enjoy the app and the daily updates, it allows me to see at a glance how my stocks are doing. The app is super easy to use and allows me to make changes as needed. I would definitely recommend this app.
The most important feature of any financial service should be honesty and transparency. Robinhood has both. Their email statements are short and to the point and easy to understand. I would recommend them to anyone.
Easy to use. Provides timely info and updates. Keeps you informed of what is happening. Easy to make changes to your account. Low cost for changes. Answers questions promptly and concisely without a lot of confusing jargon.
The company wasn't very mobile friendly at first... granted it has been a while since I used the service. When I was able to access it. The company was insightful to an extent but never fully answered my questions.
Robinhood is very user friendly. Allowing you to invest in stocks. You can also get a debit card and set up a account to transfer money to and from. They also do not charge commission for buy and sell orders.
The platform sells its own options on the site with parameters skewered and manipulated towards Robinhood. The second problem is the platform routinely goes down during medium and large swings of the markets.
Dennis ** and Robinhood Investments of Rock Hill SC is not a person I would recommend trusting. His words and actions are often in conflict. While this southern 'sweet talking' man seems like a friend, I can assure you his intentions are otherwise. Representing himself a Christian man with good values, he doesn't even attempt to honor them. He consistently perpetuates stories and fabricates lies based on his feelings. My experience was involved with him resolving a debt after paying him $20,000 to assist me in assuming a loan on a home. While he says 'he's not interested in money", his goal is clearly that...the extraction of money and the proliferation of deception and confidence building. STAY AWAY from Dennis ** and Robinhood Investments of SC.
I got on this app to learn about Investments and how stocks work. Which end is great for that because you can get free stock, it's very low cost and it's not going to break the bank. But when I tried to get my money from them and withdraw it were the issues. I was asked for my ID, my social security card, copies of my bank statement. Well then they told me that wasn't enough. I had to give a bank statement of an account that I previously had. Which I thought was odd because no transactions came through that account the account is closed. That's why I removed it off of their website.
We can't give you your money. Until we get that statement at some more don't think there anymore. I don't have a statement. Still have not gotten a response. I haven't received my money and two months later I am still waiting on them to contact me back. Any company willing to stay at steal $100 from somebody really needs the money so they're probably not the best investment company.
Robinhood Company Information
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