Robinhood Guide – Read our In-Depth Robinhood Review
Robinhood Rating: 6.98 / 10
Our proprietary rating algorithm takes all of our 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.
This Robinhood review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Robinhood review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You'll get proficient at all the concepts of broker as you continue trading. For starters, you need to choose the ideal agent who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment program will generate hefty returns. Robinhood is one such stage that will take you along with your investment into great heights. It is important to understand all about Robinhood until you trust them with your cash.
Robinhood Review – Brief Overview
Robinhood Telephone Number:
+1 650 940 2700
Robinhood Email Address:
85 WILLOW St, Menlo Park, California 94025, US
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Number Of Clients:
10,000,000+ Robinhood users and traders
Robinhood Facebook Likes:
Robinhood Twitter Followers:
Robinhood Instagram Followers:
All investments involve risks, including the possible loss of capital.
|Robinhood Telephone Number:||+1 650 940 2700|
|Robinhood Email Address:||firstname.lastname@example.org|
|Robinhood Address:||85 WILLOW St, Menlo Park, California 94025, US|
|Regulated By:||Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)|
|Number Of Clients:||10,000,000+ Robinhood users and traders|
|Robinhood Facebook Likes:||225,107|
|Robinhood Twitter Followers:||502,300|
|Robinhood Instagram Followers:||179,000|
All investments involve risks, including the possible loss of capital.
Our full Robinhood Review covers everything you will need to learn about trading with Robinhood. A good broker can multiply your initial investments and give you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your agent before you select them. It is a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
Robinhood is a broker which has forged its way successfully into the broker world. Within this review, we've attempted to collate a number of the important aspects of Robinhood. This review can help you to know whether Robinhood is a fantastic match for your investments or not. We've tried to breakdown all of the qualities and charges for your convenience.
Robinhood Review, 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
- Regulation And Licencing In More Detail
- Robinhood Awards
- Minimum Deposit Required For A Live Account With Robinhood
- Robinhood Commission And Fees Explained
- Compare broker fees against Robinhood
- Robinhood Withdrawal Fees Explained
- Robinhood Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Robinhood?
- Alternatives To Robinhood
- Frequently Asked Questions About Robinhood
Who are Robinhood?
Robinhood is a foreign exchange broker headquartered in USA and provides a variety of tools for trading. Since its inception in 2013, Robinhood has emerged as a top player in the field of online brokerage. Robinhood has a highly competitive and full-featured trading website that's focused on currency, indices, metals, stocks , commodities.
Over the past 8 years, Robinhood has grown into one of the leading online brokers.
After launching in 2013, their consumer base is becoming as big as 10,000,000+ clients.
Robinhood is a favourite of many dealers.. Our Robinhood review discovered that they are an superb choice for automated trading solutions. It is best suited for investors who are searching for an assortment of assets. Social and automated trading solutions are the core at Robinhood.
Technology plays a substantial role at Robinhood. Robinhood offers trading on Web Trader, Tablet & Mobile apps. Robinhood is fair, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Financial Supervision Commission (FSC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
Who Founded Robinhood?
The founders of Robinhood are Vladimir Tenev, Baiju Bhatt
The founders of Robinhood are famous for their experience in the sphere of online trading. However, there are a lot of other key people in Robinhood who have a substantial impact on it's success.
The educational department at Robinhood is quite enlightening for new dealers since 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 method of trading.
If you feel that Robinhood is not right for you then at the bottom of this Robinhood review you wil find a lot of alternatives to Robinhood.
What you should know about trading using Robinhood
Robinhood is a lively platform that provides various methods of trading online. These instruments cover the monetary markets considerably. Most of the brokerage platforms provide fewer procedures than Robinhood
If you would like to exchange with Robinhood, you'll need a minimum deposit of $0. This deposit is mandatory if you would like to start trading using Robinhood. This 2021 Robinhood review will guide you clearly about trading with them.
Robinhood is as versatile as any other brokerage platform. Robinhood is ideal for traders who want a manageable array of cheap services. The programs supplied by Robinhood are third-party, white-label offerings. All traders may select out of 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 trade must be kept open. The brokers offer premium client service which rewards clients with benefits.
Many less reputable brokers attempt to pressurise users into bigger funding for premium services. Robinhood, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more benefits will come along.
Robinhood accounts are available all over the world and provides outstanding service everywhere they have customers. There are some select few countries where Robinhood accounts are not available. Traders in the following countries cannot open or use a Robinhood account:
BR, KR, IR, IQ, SY, JP, US
Is Robinhood Safe To Trade With?
Established in 2013, Robinhood has been operating for 8 years, they have a head office in USA.
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC). These figures have rules that mandate that trading platforms have measures in place to maintain investor's assets secured. This usually means that Robinhood users don't need to be worried about their money since it is segregated and safely stored in established banks. SSL encryption simplifies each user's personal information as well.
You can make use of an option for Two Factor Authentications (2FA) with Robinhood for increased security. An SMS for the confirmation code will be sent to a mobile phone. You'll be asked to enter this code to log into your account.
Another concern with financial brokers with respect to security may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is more prevalent in the case of Market Maker brokers 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 some ups and downs, and no Robinhood review would be complete without showing both sides. 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 is trusted by 10,000,000+ clients
- Robinhood offers Guaranteed Stop Loss
- Robinhood has low minimum deposit requirements
- Robinhood doesn't charge withdrawal fees
- Robinhood doesn't charge inactivity fees
- Robinhood offers social trading
- Robinhood offers trailing stop
- Robinhood offer trading on Web Trader, Tablet & Mobile apps
- Robinhood offer 5000 trading instruments
- Robinhood offers trading on cryptocurrencies
- Robinhood can communicate in English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
- Robinhood does not offer Negative Balance Protection
- Robinhood charge deposit fees
- Robinhood doesn't trade major forex pairs
- Robinhood doesn't trade minor forex pairs
- Robinhood doesn't trade exotic forex pairs
- Robinhood charge CFD fees
- Robinhood doesn't offer copy trading
Robinhood Review - Compare Brokers Similar To Robinhood
|Robinhood||merrill edge||Bridges Financial Services||Go Markets|
|Rating||6.98 / 10||4.9 / 10||3.73 / 10||5.96 / 10|
|Regulated By||Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F277||Unregulated||Australian Securities and Investment Commission (ASIC)|
|Find Out More|
|Risk Warning||All investments involve risks, including the possible loss of capital.||Your capital is at risk||Your capital is at risk||Losses can exceed deposits|
Robinhood Review - Regulation And Licencing In More Detail
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Robinhood, as a company, has a powerful set of rules for ensuring honest trading onto its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Robinhood Review - AwardsAt the time of writing this Robinhood review, and despite Robinhood’s impressive offering, the company has surprisingly not garnered any other awards to date.
Robinhood Trading Platforms
Robinhood are a trustworthy broker that has been open for over 8 years. They offer a large range of options in their customer accounts.
Below we take the main parts of any good broker and compare Robinhood with merrill edge, Bridges Financial Services, and Go Markets
Robinhood Review - Minimum Deposit Required
The minimum deposit you need to get started on Robinhood is $0. This is a decent amount for people just beginning. It's possible to create more complex deposits as you cooperate. However, make certain you know how to make the most of your money before investing larger amounts.
Robinhood Review - Commission And Fees Explained
Robinhood is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the amount of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 different types of penalties for this purpose.
The first sort of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you're paying a spread, funding speed, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those who are charged when you maintain a leveraged position for longer than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your account. They are charged for services like depositing money, not trading for lengthy periods, or withdrawals.
Generally, Robinhood does not charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by Robinhood are comparatively competitive. As a result, you're billed more for non-trading activities on your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of resources.
This Robinhood review breaks down each of the relevant non-trading fees for you in detail.
Compare broker fees against Robinhood
Robinhood Review - Withdrawal Fees ExplainedRobinhood doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Robinhood account. It's possible to withdraw 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 in your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn money is going to be sent to the card. Robinhood will ask you to provide 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 various currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you are choosing to withdraw in.
Robinhood Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind while open an account with Robinhood. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee also differs from 1 broker to another and isn't generalized. If a dealers account doesn't have a purchasing or selling transaction, it is maintained by the broker as an inactivity fee. The traders have to pay this fee under terms and conditions they had agreed while registering.
Robinhood doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges have been implied by Robinhood, it is best that you close the account if you're inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is exposed to a lot of circumstances and should be revealed clearly by the agent beforehand.
Robinhood Review - Deposit Fees Explained
When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this particular operation.
Robinhood charges a deposit fee for transferring money into your trading account.
Depositing money on the Robinhood trading platform is simple. You simply need to complete a single-user profile questionnaire to start depositing money into your trading account. You'll need to give an identity proof and proof of residency to deposit large sums.
Robinhood Review - Compare Broker Deposit Methods
What Can You Trade With Robinhood?
Note: Robinhood provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may 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 currency pairs.
Compare Robinhood, merrill edge, Bridges Financial Services & Go Markets below.
Reviewing The Robinhood Mobile App
Note: Robinhood's mobile app has a lot of functionality and is being developed all the time. The table below was accurate at the time of compiling this Robinhood review.
Understand the capabilities of the mobile apps of Robinhood, merrill edge, Bridges Financial Services & Go Markets below.
Alternatives To Robinhood
If, after studying this Robinhood review, they don't meet your requirements check out these Robinhood alternatives.
We've scoured the internet to find the best alternatives to Robinhood. Click the links below to learn more.
Frequently Asked Questions about Robinhood
Can I try Robinhood before I buy?
Yes, you can most definitely try Robinhood before you buy. Robinhood provides demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up 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 this virtual Robinhooddemo account, you can experiment in any way, to whatever period you wish. You might also start positions, test different trading approaches, and much more.
Robinhood specifies on its official website which you can exchange real time stocks with your demo account.
Is Robinhood safe?
You can drop all your worries because we believe that Robinhood is completely safe to use. It is in compliance with all the principles 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 withRobinhood is perhaps simple enough to be a cakewalk. 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.
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 hold over the nuances of online trading before you set out and trade with real money.
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 multiple ways to fund your account with Robinhood. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal is not available in all country. The currencies Robinhood
Is my money safe with Robinhood?
Yes, your money is safe and protected with Robinhood. As you know, Robinhood works with proper conformation to. It has established lots of steps to guard all of its investors.
Robinhood protects its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further safeguard your account, you can empower Two-Step Verification also. It requires an SMS affirmation that you access your account.
Is Robinhood trading good?
Yes, trading via Robinhood is a pleasant and decent experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you can also gain access to a vast selection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, you can open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does Robinhood support?
Robinhood operates around the globe. However, due to regulations there are some countries that Robinhood cannot accept clients from BR, KR, IR, IQ, SY, JP, US
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 broker, and its users may vouch for this. The highlight of the platform is its fast order execution on trades.
You'll discover the clean layout of this platform along with the commendable features a pleasure 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 reaffirm their trustable nature.
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 the withdrawal from Robinhood to show in your bank account.
Are 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 industry leaders. It supports over 10,000,000+ registered users and over 8 years of expertise on its own record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this standing to its incredible platform and broad range of tools plus resources so 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, several traders earn a lot of money. But typically, through continual trading, you also can make between 2% - 10% profit a month.
This may seem to be a small number, but within the year, this adds to a significant amount of gains. While Robinhood provide you all of the tools to make money, they cannot guarantee you will gain.
Does Robinhood have fees?
Yes. To begin trading with Robinhood, you need to deposit $0. Particular commissions while trading also applies. Any processing fees from your bank will 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 globally recognised broker 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 does not offer negative balance protection. If your balance is unfavorable, Robinhood suggests you promptly contact customer services. For this, you can correct any imbalances in your account.
Does Robinhood offer guaranteed stop loss?
Yes, Robinhood provide a guaranteed Stop Loss order.
When there's absolutely no free margin left with the customer, Robinhood will stop your own positions. When the losses in the ceased out position exceeds your account balance, you may encounter a negative account balance.
Does Robinhood allow scalping?Yes, Robinhood do permit scalping. Several traders throughout the world select Robinhood for their services that are trading. 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 demo accounts so you can test your trading strategies before risking any real capital. New traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of Robinhood's features before risking a live account.