Robinhood Review: Pros, Cons, And How It Compares | 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 professional trading partner that was founded in 2013. They have around 3270 staff 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.
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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 most recent details about Robinhood.
If you are a new entrant in the realm of online trading and brokerages, so many facts will no doubt be perplexing for you. Getting into the area of online trading requires expert assessing skills and comprehensive knowledge. You'll get proficient at all of the concepts of trading online and brokerages as you keep trading. For starters, you need to choose the ideal broker who'll constantly be clear with you.
Within this fast-paced universe of stock markets and online trading, you'll need guidance to make correct decisions. A professional, direct investment online trading platform could aid you in minimising any potential losses and maximising any returns. Robinhood is just one such stage which can assist you. It's important to learn about any broker until you trust them with your money.
When engaging in online trading with platforms such as Robinhood, it's crucial to thoroughly evaluate Robinhood as your broker, as this choice can determine your success. Selecting the right broker is vital for your Robinhood investments to prosper. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and rigorous in your Robinhood broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of Robinhood, its track record, and reputation is vital. Moreover, ensure the Robinhood broker's offerings, trading tools, fees, and regulation align with your requirements.
Remember, Robinhood should be a trusted partner on your trading journey.
Our team has devoted their efforts 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 – Brief Overview
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 full Robinhood review for beginners covers everything you will need to know about trading via Robinhood. A fantastic agent can use your first investments and help to protect it from losses but also provide you a platform that can help to give you profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investing goals.
Of course, there is no sure-fire way to guarantee profits; thus, you must carefully assess your agent before you select them. It's a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
Robinhood is a trading partner which has forged its way successfully to the brokerage world. In this review, we have tried to collate some of the vital facets of Robinhood. This guide will help you to learn whether Robinhood is a great match for your investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Who are Robinhood?
Robinhood is a forex broker headquartered in USA and provides a range of tools for trading. Since its start in 2013 they have emerged as a leading player in the industry of online trading. Robinhood includes an extremely competitive and full-featured trading site that's focused on forex, indices, metals, stocks and commodities.
Over the past 11 years, Robinhood has grown into one of the top online brokers available to the public.
After establishing itself in 2013, their client base has become as large as 10,000,000+ clients.
Robinhood is a favourite for many traders . Our Robinhood account review found that they're a superb choice for online trading solutions. They are best suited for investors who are searching for an assortment of assets. Social and easy to use trading solutions are the heart at Robinhood.
Technology plays a significant role in Robinhood. They offers trading on Web Trader, Tablet & Mobile apps. Robinhood is fair, transparent, and also 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 known for their expertise in the sphere of internet trading. However, there are a lot of other important men and women at Robinhood who have a substantial impact on it's success.
The trader resource section at Robinhood is quite comprehensive for new dealers as it permits them to get a closer look at the financial markets. Robinhood caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
Robinhood Review Videos
Benefits of using Robinhood in 2024
Trading with Robinhood comes with numerous benefits. These advantages are what sets Robinhood apart from all other online agents. You should check all of the advantages listed so you have a better comprehension of Robinhood.
The agent goes to great lengths to understand what traders want. Consequently, the support, fast, and convenient. The broker also gives a number of platforms for all kinds of traders. Robinhood helps to ensure that the individual needs of all online traders are met to the best of their capabilities.
Robinhood also includes excellent trading conditions which are available to all and not just an elite group of institutional clients. The tight spreads and fast executions are a great advantage for all traders. The technology embraced by Robinhood is of the maximum caliber, ensuring that it is fast, dependable, and efficient.
Robinhood acknowledges the importance of having a fast order execution. A quick execution will allow users to exchange without worrying about slippage safely. It is going to also help the traders to catch 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. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading.
Robinhood has over 5000 trading instruments to support all kinds of traders. These instruments are lively and convenient for both new and seasoned traders. All traders can set aside all their worries when trading using 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.
Everything you should know about trading with Robinhood
Robinhood is a lively platform that offers various methods of trading. These tools cover the monetary markets considerably. The Majority of the brokerage platforms offer less methods than Robinhood
If you want to trade with Robinhood, you will need a minimum deposit of $0. This deposit is compulsory if you would like to start trading using Robinhood. This 2024 Robinhood review will guide you clearly about trading with them.
Robinhood is as flexible as another broker platform. Robinhood is ideal for traders that want a manageable range of low-cost services. The platforms supplied by Robinhood are third party, white-label offerings. All traders may pick from Web Trader, Tablet & Mobile apps
Together with everything, Robinhood has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept open. The agents provide premium customer service that rewards clients with benefits.
Many unprofessional brokers try to pressurise users into bigger funding for superior services. Robinhood, however, is more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater benefits will come along.
Robinhood accounts are available globally and provides outstanding service everywhere they have clients. There are only a select 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?
Established in 2013, Robinhood has been in operation for 11 years, they have a head office 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 assets secured. This means that Robinhood users do not need to be worried about their money as it's segregated and safely kept in banks that are established. 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 safety. An SMS for the verification code will be sent to your mobile phone. You will be required to enter this code to log into your account.
Another concern with online brokers is in respect to security might be manipulation of trading. This is highly disadvantageous for users on those platforms. However, this is more prevalent in the example of Market Maker agents who compete with customers on the stage.
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 a few 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 powerful collection of rules for ensuring honest trading on its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
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 reputable broker that has been open for over 11 years. They offer a large range of options in their customer accounts.
In the following table we take the main parts of any professional broker and compare Robinhood with 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 begin on Robinhood is $0. This is a decent amount for those just beginning. It's possible to create more complex deposits as you go along. But, make certain you understand how to make the most of your cash before investing larger amounts.
Commission And Fees Explained
Robinhood is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of customers they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 different types of fees for this objective.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, funding speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those that are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for services like depositing cash, not investing for lengthy periods, or withdrawals.
In general, Robinhood does not charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, such as daily or weekly trading.
But, non-trading fees charged by Robinhood are comparatively competitive. Consequently, you're charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This Robinhood review breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees Of Robinhood
Robinhood Withdrawal Fees Explained
Robinhood doesn't charge withdrawal fees.Withdrawal of cash is possible at any moment from the Robinhood account. It's possible to draw sums up to the amount of your account balance, keeping aside the margin utilized. 1 thing to keep in mind is that you don't necessarily need to have any cash in your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn money is going to be sent to the cardRobinhood will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you're opting to draw in.
Robinhood Inactivity Fees Explained
Robinhood doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges have been implied by Robinhood, it's better that you close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is subjected to a lot of circumstances and should be revealed clearly by the broker beforehand.
Robinhood Deposit Fees Explained
When you move money into your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers don't charge an excessive amount of money for this particular operation.
Robinhood charges a deposit fee for transferring money into your trading account.
Depositing cash on the Robinhood trading platform is simple. You just need to finish 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 forex 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 functions and is being constantly improved. The table below 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
In this Robinhood broker review we looked at the options for customer service as well as response times. on the Robinhood trading platform issue solution effectiveness. Robinhood support a wide range of languages, including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
Robinhood Live Chat Support
We have tested the live chat on Robinhood and it worked flawlessly. We sent messages through the Robinhood livechat via their website and app and recieved a response in less than 20 seconds. There was sometimes no response.
We have tested communication with Robinhood support in a variety of languages across multiple countries. Robinhood were successful in resolving customers' issues.
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 have sent numerous email to Robinhood and answer times overall were very good. The fastest email response from Robinhood was 2 hours and the most slow response was 8 days! Sometimes there wasn't a response. Support response times may vary for you with Robinhood, however, we've had the experience of sending 10 emails at varying times.
The team resolved and answered our queries. Average email support from Robinhood was good.
Alternatives To Robinhood
If, after studying this Robinhood review, they do not meet your requirements check out these Robinhood alternatives.
We've scoured the web to find the best alternatives to Robinhood. Click on the hyperlinks below to learn more.
Frequently Asked Questions
Can I try Robinhood before I buy?
Yes, you can most certainly 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 and yourself and your trading strategies.
If you register for a demonstration account on Robinhood, you will set out with a decent amount of virtual currency. It's to establish a feeling of security and confidence in you until you decide to spend your own money.
With a virtual Robinhooddemo account, you are able to experiment in any way, to whatever period you desire. You can also open positions, test different trading strategies, and more.
Robinhood specifies on its official site that you are able to trade real time stocks with your demo account.
Is Robinhood safe?
It is possible to drop all your worries since we believe that Robinhood is completely safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Luckily, Robinhood provides 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 finance 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 can be at your disposal for depositing funds. You have to keep in mind that PayPal is not available in all country. The monies Robinhood accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, though it takes approximately 4-7 days.
Is my money safe with Robinhood?
Yes, your cash is safe and secure with Robinhood. As you know, Robinhood works with good conformation to regulations. It's established plenty of measures to protect all of its own investors.
Robinhood protects its customers' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification also. It takes an SMS confirmation for you to get your accounts.
Is Robinhood trading good?
Yes, trading via Robinhood is a nice and decent experience indeed. It is an excellent and intuitive platform with useful features for your ease. In addition, you can also gain access to a vast collection of educational tools and assistive material to kickstart your trading experience.
If you remain skeptical, you can open a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries do Robinhood support?
Robinhood operates across the globe. However, due to regulations Robinhood cannot accept clients resident in 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 an excellent agent, and its users can vouch for it. The highlight of this platform is its quick order execution on transactions.
You will discover the clean layout of this platform along with the admirable 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 indisputably one of the business leaders. It supports over 10,000,000+ registered customers and over 11 years of expertise on its own record. They're one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide range of resources plus tools so that you can invest in 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 lot of money. However, just like all online trading platforms, 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 to be a small number, but within the year, it quickly adds to a substantial number of gains. While Robinhood provide you all of the tools to make money, they cannot guarantee that you will gain.
Does Robinhood have fees?
Yes. To start trading using Robinhood, you need to deposit $0. Particular commissions while trading also apply. Any processing fees from your bank will need 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+ customers.
Where is the Robinhood head office?
Robinhood has its head office in USA
Does Robinhood offer negative balance protection?
No. Robinhood doesn't offer negative balance protection. If your balance is negative, Robinhood indicates you contact client services. With this, you can correct any imbalances within your account.
Does Robinhood offer guaranteed stop loss?
Yes, Robinhood offer a guaranteed Stop Loss order.
If there's absolutely no free margin left together with the client, Robinhood will cease your positions. When the losses in the stopped out location exceeds your account balance, you might experience a negative account balance.
Does Robinhood allow scalping?
Yes, Robinhood does permit scalping. Several traders across the world choose Robinhood due to their scalping services. They offer trading on Web Trader, Tablet & Mobile apps which allow 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 capital. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the features before getting a live account.
Compare Robinhood To All Our Other Brokers
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Table Of Contents
- Who are Robinhood?
- Benefits Of Trading With Robinhood
- Everything you should know about trading with Robinhood
- Is Robinhood Safe To Trade With?
- Robinhood Risk Disclaimer
- Pro's & Con's Of Trading With Robinhood
- Compare Brokers Similar To Robinhood
- Robinhood Regulation And Licencing
- Robinhood Awards
- Minimum Deposit Required For A Live Account With Robinhood
- Robinhood Commission And Fees
- Compare broker fees against Robinhood
- Robinhood Withdrawal Fees Explained
- Robinhood Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Robinhood?
- Robinhood Customer Support
- Robinhood Live Chat Support
- Robinhood Phone Support
- Robinhood Email Support
- Alternatives To Robinhood
- Frequently Asked Questions About Robinhood