Robinhood Investment full review
In this Robinhood Investment review post, we will show you how this account works and if it is an option for you to invest your money. Stick with us to learn all about it!
by Aline Augusto
Robinhood investment review
On today’s post, you’ll learn how to improve your financial life with our Robinhood investment review!
So, Robinhood is an investment account through a mobile app that can be customized and where you can invest and manage on your own.
It is a great tool for those who want to start investing money. Also, it offers a full range of investment choices, from stocks to crypto.
Plus, it doesn’t charge commission fees for stocks, options, and ETFs. That is the main point of it.
The platform is pretty easy to use, as well. Take a look at the highlights below!
|Trading fees||$0 for stocks, Options and ETFs|
|Promotion||1 free stock after connecting to your banking account|
|Investment choices||Stocks, ETFs, Cryptocurrency, ADRs, Options, Fractional shares|
How does Robinhood investment work?
If you are searching for a low-cost broker, you may have just found one. Robinhood does not charge commission for some investment choices like other regular brokerage accounts.
Also, it offers crypto trading for free, contrary to other accounts in the market.
In addition, it features an app that is easy to learn and use, so you can invest by yourself even if you are a newbie.
However, you may watch out for some drawbacks, such as it doesn’t offer traditional IRA and Roth IRA.
Before opening an account there, check out the list of pros and cons right below.
Robinhood investment benefits
The highlights of this investment account rely on the fact that it doesn’t charge any trading fees like competition.
And it doesn’t require an account minimum, too. So, you can invest any amount.
Moreover, it features a mobile app that allows you to build and customize your portfolio and trade in real-time, right in the palm of your hand.
Plus, it is one of the few accounts that give you the possibility to invest in crypto for free.
On the other hand, if you search for a retirement account, you won’t find it here. It doesn’t offer bonds and mutual funds, too.
Finally, some say that customer support leaves to be desired.
- Low costs and commission-free for stocks, ETFs, and options
- It offers crypto trading
- No account minimum required
- It features a mobile app easy to manage
- It doesn’t offer bonds and mutual funds
- It doesn’t have traditional IRA and Roth IRA accounts
- Limited customer support
- Limited educational resources
Should you join Robinhood investment?
If you search for a self-directed brokerage firm with low costs, you may have just found one. Robinhood offers free trading fees, as well as some investments choices like crypto.
Can anyone open a Robinhood account?
If you are a U.S. citizen in the age of majority, you can download the app or access the website to open an account. The process is fast, and it requires your personal and financial information.
How to open a Robinhood account?
If you got interested in opening an account at Robinhood, check out our next post to learn how to do it easily and fast.
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