Robinhood Review: Pros, Cons, And How It Stacks Up | for 2024
This Robinhood review has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about Robinhood to give you the most comprehensive guide available.
Robinhood is a world class trading partner that was founded in 2013. They have around 3270 employees that help the company provide Financial Markets Access, to 10,000,000+ customers through Web Trader, Tablet & Mobile apps.
Robinhood Guide – Read our In-Depth Robinhood Review
Robinhood Rating: 6.98 / 10
This Robinhood review page contains information about investing with Robinhood. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of Robinhood does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This Robinhood review contains the latest information about Robinhood.
If you're a new entrant in the world of trading online and brokers, so many nuances will no doubt be perplexing for you. Getting into the world of online trading demands expert assessing skills and thorough understanding. You'll get adept at all of the concepts of trading online and brokerages while you continue trading. For starters, you have to select the right agent who will constantly be transparent with you.
Within the fast-paced world of financial markets and online trading, you will need guidance to make sensible decisions. A professional, direct investment online broker could aid you in minimising any potential losses and maximising any profits. Robinhood is one such stage which will help you. It is important to learn all you can about any broker before you trust them with your money.
When engaging in online trading with platforms such as Robinhood, it's crucial to meticulously examine Robinhood as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your Robinhood investments to thrive. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be vigilant and methodical in your Robinhood broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of Robinhood, its track record, and reputation is vital. Moreover, ensure the Robinhood broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, Robinhood should be a supportive ally on your trading journey.
Our team has strived to simplify the intricate world of trading with Robinhood into easily understandable information in this Robinhood review. Our goal is to equip you with the knowledge necessary to confidently use Robinhood trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with Robinhood are the cornerstone of successful trading. As such, we've provided this in-depth Robinhood review. So, settle in, grab a cup of coffee, and immerse yourself in learning about Robinhood and how it can work to your advantage, or if Robinhood might not be the right fit for you.
Robinhood Guide for 2024 – Quick Summary
| Robinhood Telephone: | +1 650 940 2700 |
| Robinhood Support Email: | support@robinhood.com |
| Robinhood Address: | 85 WILLOW St, Menlo Park, California 94025, US |
| Year Founded: | 2013 |
| Regulated By: | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Hedquarters: | USA |
| Minimum Deposit: | $0 |
| Number Of Clients: | 10,000,000+ Robinhood users and traders |
| Robinhood TrustPilot: | https://uk.trustpilot.com/review/robinhood.com |
| Robinhood LinkedIn: | https://www.linkedin.com/company/robinhood/ |
| Robinhood Facebook: | https://www.facebook.com/robinhoodapp |
| Robinhood Facebook Likes: | 225,107 |
| Robinhood Twitter: | @RobinhoodApp |
| Robinhood Twitter Followers: | 502,300 |
| Robinhood Instagram: | https://www.instagram.com/robinhoodapp/ |
| Robinhood Instagram Followers: | 179,000 |
| Robinhood Youtube: | https://www.youtube.com/channel/UCY55VHsy1umgvR35gl5bmUw |
|
All investments involve risks, including the possible loss of capital. |
|
Our entire Robinhood review for beginners covers everything you need to learn about trading with Robinhood. A good agent can use your initial investments and help to protect it from losses but also provide you a platform that can help to provide you profits. If you want to make profits, you should trade with a broker service that contrasts with your investing objectives.
Of course, there's absolutely no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you choose them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
Robinhood is a trading partner which has forged its way successfully into the brokerage world. In this review, we've attempted to collate some of the vital aspects of Robinhood. This guide can help you to learn whether Robinhood is a great fit for your investments or not. We have tried to breakdown all of the features and charges for your convenience.
Who are Robinhood?
Robinhood is a online trading broker with its head office in USA and provides a range of tools for online trading. Since its establishment in 2013 they have emerged as a leading player in the field of online trading. Robinhood has an extremely reputable and full-featured trading website that is focused on currency, indices, metals, shares, commodities.
Over the past 11 years, Robinhood has become one of the top online brokers available to the public.
After being founded in 2013, their customer base has become as large as 10,000,000+ clients.
Robinhood is a favourite of many stock dealers . Our Robinhood account review found that they are a professional alternative for online trading solutions. They are most appropriate for investors that are searching for an assortment of assets. Social and easy to use trading options are the core at Robinhood.
Technology plays a significant role at Robinhood. They offers trading on Web Trader, Tablet & Mobile apps. Robinhood is fair, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA), Financial Supervision Commission (FSC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
Who Founded Robinhood?
The founders of Robinhood are Vladimir Tenev, Baiju Bhatt
The creators of Robinhood are famous for their expertise in the world of internet trading. However, there are a lot of other key employees in Robinhood who have a substantial impact on it's success.
The trader resource section at Robinhood is quite comprehensive for new traders as it permits them to get a closer look at the financial markets. Robinhood caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
Robinhood Review Videos
Benefits of online trading with Robinhood in 2024
Trading with Robinhood comes with many benefits. These advantages are what sets Robinhood ahead of all other online brokers. You should check all of the benefits listed so you have a better understanding of Robinhood.
The agent goes to great lengths to comprehend what dealers want. As a result, the service, fast, and convenient. The agent also gives a variety of programs for all kinds of traders. Robinhood ensures that the individual needs of all traders are met to the best of their capabilities.
Robinhood also includes excellent trading conditions which are available to all and not only an elite class of institutional clients. The tight spreads and quick executions are a great advantage for all traders. The technology adopted by Robinhood is among the maximum caliber, ensuring that it's fast, reliable, and efficient.
Robinhood acknowledges the importance of having a quick order execution. A fast implementation enables users to trade without worrying about slippage safely. It is going to also aid the traders to grab any opportunities.
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Robinhood offers social trading which encompasses leading traders sharing their knowledge with the community. Robinhood's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading
Robinhood has over 5000 trading tools to support all kinds of traders. These tools are dynamic and suitable for both the new and seasoned traders. All dealers can set aside all their worries when trading with Robinhood.
Robinhood Overview
Year Founded: 2013
Regulated By: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Hedquarters: USA
Minimum Deposit: $0
Number Of Clients: 10,000,000+
All investments involve risks, including the possible loss of capital.
If you feel that Robinhood is not right for you then at the bottom of this Robinhood review you will find a lot of alternatives to Robinhood.
What you ought to know about trading using Robinhood
Robinhood is a lively platform that offers various techniques of online trading. These tools cover the financial markets substantially. Most of the broker platforms offer fewer methods than Robinhood
If you wish to trade with Robinhood, you'll need a minimum deposit of $0. This deposit is required if you would like to begin trading with Robinhood. This 2024 Robinhood review will direct you safely about trading with them.
Robinhood is as flexible as another brokerage platform. Robinhood is great for traders who want a manageable range of low-cost services. The programs provided by Robinhood are third party, white-label offerings. All traders can choose out of Web Trader, Tablet & Mobile apps
Along with everything, Robinhood has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade has to be kept open. The agents offer premium customer service which rewards clients with advantages.
Many unethical brokers try to pressurise customers into larger funding for premium services. Robinhood, though, is much more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater benefits will become available.
Robinhood accounts are available all over the world and provides outstanding service everywhere they have customers. There are a few countries where Robinhood accounts are not available. Traders in the following countries cannot open or use a Robinhood account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Robinhood Safe To Trade With In 2024?
Launched in 2013, Robinhood has been in operation for 11 years, they are headquarted in USA
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC). These bodies have rules that make sure that trading platforms have steps in place to keep investor's resources secured. This means that Robinhood users do not need to be worried about their money since it is segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with Robinhood for heightened security. An SMS for the verification code will be sent to a mobile phone. You will be asked to input this code to log in to your accounts.
Another concern with online trading brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous for users on those platforms. Nonetheless, this is much more widespread in the case of Market Maker brokers who compete with users on the platform.
Robinhood Risk Disclaimer
All investments involve risks, including the possible loss of capital.
Pro's & Con's Of Trading With Robinhood
Every online trading platform has some pros and cons Robinhood review would be complete without having a balanced approach. This Robinhood review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Robinhood Pro's
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Robinhood has been trading for 11 years.
Robinhood provides customer support over email.
Robinhood gives access to customer support over livechat.
Robinhood offers guaranteed stop loss.
Robinhood has a low minimum deposit requirement.
Robinhood doesn't charge withdrawal fees.
Robinhood doesn't charge inactivity fees.
Robinhood has a wide range of trading instruments.
You can trade Cryptocurrencies with Robinhood.
Robinhood has over 100 employees.
Robinhood offers social trading.
Robinhood allows scalping.
Robinhood allows hedging.
Robinhood allows commodity trading.
Robinhood Con's
Robinhood is not highly rated by us. Robinhood doesn't offer customer support over the phone. Robinhood hasn't won any awards. Robinhood doesn't offer negative balance protection. Robinhood doesn't offer copy trading. You can't trade metals with Robinhood. You can't trade energies with Robinhood.Compare Brokers Similar To Robinhood
Regulation And Licencing In More Detail
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Robinhood, as a business, has a strong set of rules for ensuring fair trading onto its platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Robinhood Awards
At the time of writing this Robinhood review, and despite Robinhood’s impressive offering, the company has surprisingly not garnered any awards to date.Robinhood Trading Platforms
Robinhood are a trustworthy broker that has been open for over 11 years. They offer a large range of options in their user accounts.
In the following table we take the main parts of any professional brokerage and compare Robinhood against Startrader, and freetrade.
Trading With Robinhood MetaTrader 4 On iOS Devices
You can download the Robinhood app or also trade with Robinhood through the MetaTrader 4 application on the Apple app store.
Download the Robinhood MetaTrader 4 Program free of charge from Apple's App Store. Robinhood customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With Robinhood MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. Robinhood provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Robinhood MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you must deposit to get started on Robinhood is $0. This is a decent amount for people just beginning. You can make more advanced residue as you go along. However, ensure you understand how to make the most of your cash before investing larger sums.
Commission And Fees Explained
Robinhood is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the number of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 different types of fees for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these cases, you're spending a spread, financing rate, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are people that are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They are billed for things like depositing money, not investing for long periods, or withdrawals.
In general, Robinhood does not charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, such as daily or weekly trading.
However, non-trading fees charged by Robinhood are relatively competitive. Consequently, you're charged more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This Robinhood review breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees Of Robinhood
Robinhood Withdrawal Fees Explained
Robinhood doesn't charge withdrawal fees.Withdrawal of money is possible at any time from the Robinhood account. You can draw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always need to have any cash on your account.
Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn cash will be sent into the cardRobinhood will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are opting to withdraw in.
Robinhood Inactivity Fees Explained
Robinhood doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been implied by Robinhood, it's better that you close the account if you are inactive. Inactivity fees are not only charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is exposed to a lot of circumstances and needs to be disclosed clearly by the agent beforehand.
Robinhood Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this operation.
Robinhood charges a deposit fee for transferring money into your trading account.
Depositing cash into the Robinhood trading platform is simple. You simply have to complete a single-user profile survey to begin depositing money into your trading account. You will need to give an identity proof and evidence of residency to deposit substantial amounts.
Compare Robinhood Vs Other Broker Deposit Methods
What Can You Trade With Robinhood in 2024?
Note: Robinhood offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can differ based on the country of residence of the client.
Robinhood has a wide variety of over 5000 instruments available for you to trade with.
If trading currency pairs is of interest to you then Robinhood offer over 0 forex pairs.
Compare Robinhood, Startrader & freetrade below.
Robinhood Trading App Review
Note: Robinhood's mobile app has a lot of functionality and is being developed all the time. What follows was correct at the time of writing this Robinhood broker review.
Understand the capabilities of the mobile apps of Robinhood, Startrader & freetrade below.
Trading Education Available At Robinhood
Understand the trading resources available with Robinhood, Startrader & freetrade below.
Robinhood Customer Support
For this Robinhood broker review we tested the options for customer service as well as response times. on the Robinhood trading platform issue resolution effectiveness. Robinhood support various languages, including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
Robinhood Live Chat Support
We tried the livechat experience with Robinhood, and it was very effective. We have sent messages through the Robinhood livechat via their website and app and received a response within 20 seconds. Sometimes there was no response.
We tried communicating via Robinhood support in a variety of languages across multiple countries. Robinhood were able to resolve our customer problems.
Robinhood Phone Support
Unfortunately, at the time of writing this Robinhood share dealing review, Robinhood did not offer their cusotmers support via the phone.
Robinhood Email Support
We sent several messages to Robinhood and answer times overall were outstanding. The fastest email response from Robinhood was 3 hours while the longest response time was 3 days! There were times when there wasn't a response. Support response times can vary for you with Robinhood, however we have had this experience sending out 10 emails at various times.
The team resolved and answered our questions. The overall average of email support provided by Robinhood was excellent.
Alternatives To Robinhood
If, after studying this Robinhood review, they do not meet your requirements check out these Robinhood alternatives.
We have scoured the internet to find the best alternatives to Robinhood. Click the links below to find out more.
Frequently Asked Questions
Can I try Robinhood before I buy?
Yes, you can most definitely try Robinhood before you buy. Robinhood provides demo accounts for the ease of beginner traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demonstration account with Robinhood, you will set out using a decent amount of virtual money. It is to establish a sense of safety and confidence in you until you choose to spend your own money.
With a virtual Robinhooddemo account, you can experiment in any way, to whatever length you desire. You might even open positions, test different trading strategies, and much more.
Robinhood shows on its official website that you can exchange real time stocks with your demo account.
Is Robinhood safe?
It is possible to drop all your worries since we believe that Robinhood is totally safe to use. It's in compliance with the rules of Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Fortunately, Robinhood does provide assured stop-loss protection.
Why does Robinhood ask for my passport?
The reason that Robinhood asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Robinhood has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Robinhood must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Robinhood?
The process to start trading with Robinhood is super simple. You need to begin by signing up on the Robinhood website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Robinhood are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Robinhood is $0. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with Robinhood.
The best way to kickstart your trading career with Robinhood is to open a demo account facility before risking any real money
What funding methods do Robinhood accept?
There are a number of methods to fund your accounts with Robinhood. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to bear in mind that PayPal is not available in all place. The currencies Robinhood accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, though it takes approximately 4-7 days.
Is my money safe with Robinhood?
Yes, your money is safe and protected with Robinhood. As you know, Robinhood works with good conformation to regulations. It has established plenty of measures to guard all its investors.
Robinhood protects its customers' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, you can empower Two-Step Verification also. It takes an SMS affirmation that you access your accounts.
Is Robinhood trading good?
Yes, trading via Robinhood is a nice and good experience indeed. It is a great and intuitive platform with useful features for your simplicity. In addition, you can even gain access to a huge collection of educational tools and assistive substance to kickstart your trading experience.
If you remain skeptical, you can open a eToro demo account and assess the credibility of the platform on your own.
Which Countries do Robinhood support?
Robinhood operates across the globe. However, due to regulations Robinhood cannot accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Robinhood legit?
Robinhood is a legit company headquarted in USA since 2013. They are regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC). Robinhood is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Robinhood a good broker?
Robinhood is a great agent, and its users can vouch for it. The highlight of the platform is its quick order execution on trades.
You'll discover the clean design of this platform along with the commendable features that are pleasant to work with.
Is Robinhood a trustworthy broker?
Yes, Robinhood is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the Robinhood TrustPilot page
What is the minimum deposit for Robinhood?
The minimum deposit to open a live account with Robinhood is $0
How long do Robinhood withdrawals take?
Normally, withdrawal of money from Robinhood is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Robinhood to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is Robinhood regulated?
Robinhood are regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Is Robinhood a market leading broker?
Robinhood is currently one of the business leaders. It has over 10,000,000+ registered users and over 11 years of experience on its record. They're among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad range of resources plus tools so that you may put money into capital markets.
Is Robinhood a con?
No, Robinhood is not a con. They are regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) and must adhere to their rules. Thus, it is safe to say that Robinhood is not a scam.
Can you make money with Robinhood?
Using Robinhood, many traders make a great deal of cash. But, just like all online brokerages, it is important to note that traders can also lose money. In particular, All investments involve risks, including the possible loss of capital.
This may seem like a little number, but over the entire year, it quickly adds to a significant amount of gains. While Robinhood supply you all the tools to earn money, they cannot guarantee that you will profit.
Does Robinhood have fees?
Yes. To begin trading using Robinhood, you need to deposit $0. Particular commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was Robinhood founded?
Robinhood was founded in 2013 in USA. Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
How many people use Robinhood?
Robinhood is a worldwide recognised agent with 10,000,000+ clients.
Where is the Robinhood head office?
Robinhood has its head office in USA
Does Robinhood offer negative balance protection?
No. Robinhood doesn't provide negative balance protection. If your balance is unfavorable, Robinhood indicates you contact client services. With this, you can correct any imbalances in your account.
Does Robinhood offer guaranteed stop loss?
Yes, Robinhood provide a guaranteed Stop Loss order.
If there's absolutely no free margin left with the customer, Robinhood will cease your positions. If the losses in the stopped out position exceeds your account balance, you might experience a negative account balance.
Does Robinhood allow scalping?
Yes, Robinhood does allow scalping. Many traders throughout the world select Robinhood for their services that are trading. They offer trading on Web Trader, Tablet & Mobile apps which let this.
Does Robinhood allow hedging?
Yes, Robinhood does allow hedging.
Can you trade energies with Robinhood?
No, unfortunately you cannot trade energy stock with Robinhood
Can you trade agricultural shares with Robinhood?
No, unfortunately you cannot trade agricultural stock with Robinhood
Can you trade cryptocurrency with Robinhood?
Yes, you can trade cryptocurrency with Robinhood
Can you trade metals with Robinhood?
No, unfortunately you cannot trade metals with Robinhood
Can you trade UK Shares with Robinhood?
Yes, you can trade UK shares with Robinhood
Can you trade US Shares with Robinhood?
Yes, you can trade US shares with Robinhood
Can you trade Japanese Shares with Robinhood?
Yes, you can trade Japanese shares with Robinhood
Can you trade German Shares with Robinhood?
Yes, you can trade German shares with Robinhood
Does Robinhood accept bank transfers?
Yes, Robinhood accepts bank transfers for depositing money.
Does Robinhood accept credit cards?
No, Robinhood does not accept credit cards.
Does Robinhood accept PayPal?
No, Robinhood does not accept PayPal.
Does Robinhood accept Skrill?
No, Robinhood does not accept Skrill.
Does Robinhood accept Payoneer?
No, Robinhood does not accept Payoneer.
Does Robinhood accept Neteller?
No, Robinhood does not accept Neteller.
Does Robinhood offer Live Chat customer support?
Yes, Robinhood offers customer support through live chat.
Does Robinhood offer phone customer support?
No, Robinhood does not offer customer support over the telephone.
Does Robinhood offer email customer support?
Yes, Robinhood offers customer support through email.
What languages can Robinhood communicate in?
Robinhood has the ability to communicate and support customers who speak: English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
Does Robinhood have a wikipedia page?
Yes, Robinhood does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/Robinhood_Markets
Does Robinhood offer demo accounts?
Yes, Robinhood offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Newbie traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the company’s features before getting a live account.
Compare Robinhood To All Our Other Brokers