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Robinhood Guide – Read our In-Depth Robinhood Review

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 US users.

This Robinhood review contains the most recent information about Robinhood.

If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll get adept at all of the concepts of brokerage as you continue trading. For starters, you need to select the ideal broker who will be clear with you always.

Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment plan will generate hefty returns. Robinhood is just one such stage that will take you along with your investment into great heights. It's crucial that you understand all about Robinhood until you trust them with your money.

Robinhood review

Our full Robinhood Review covers everything you will need to know about trading using Robinhood. A good broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investing objectives.

There's absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you select them. It is a frequent misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can put your investments at risk.

Robinhood is a broker 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 review will allow you to know whether Robinhood is a fantastic match for your own investments or not. We've tried to breakdown all the qualities and charges for your advantage.

Robinhood Review, Table Of Contents

Who are Robinhood?

Robinhood is a foreign exchange broker headquartered in USA and provides a variety of tools for trading. Since its start in 2013, Robinhood has emerged as a leading player in the field of online broker. Robinhood has a highly aggressive and full-featured trading website that's focused on currency, indices, metals, shares, commodities.

Over the past 8 years, Robinhood has grown into one of the leading online brokers.

After establishing in 2013, their consumer base has become as large as 10,000,000+ clients.

Robinhood is the favorite of many traders because of its negative balance protection. Our Robinhood review discovered that they're an excellent alternative for automated trading options. It is best suited for investors who are looking for a variety of assets. Social and automated trading options 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.

The trader resource department at Robinhood is very enlightening for new dealers since it permits them to get a closer look in the financial markets. Robinhood caters to all sorts of traders and are a must-have broker for almost any well-diversified method of online trading.

Benefits of trading with Robinhood?

Trading with Robinhood comes with numerous benefits. These benefits are what sets Robinhood ahead of the rest of the online brokers. You need to check all the benefits listed so you have a better understanding of Robinhood.

The broker goes to great lengths to comprehend what dealers want. As a result, the service price is low, fast, and convenient. The broker also provides a variety of programs for all types of traders. Robinhood helps to ensure that the individual needs of all online traders are duly met.

Robinhood also features excellent trading conditions that are readily available to just an elite group of institutional customers. The tight spreads and fast executions are a great benefit for the traders. The technology adopted by Robinhood is among the maximum caliber, making sure that it's fast, dependable, and efficient.

Robinhood acknowledges the significance of having a fast order execution. A quick implementation enables users to exchange without worrying about slippage safely. It will also help the traders to catch the maximum profitable opportunities.

Automated trading is another important facet of Robinhood. A new trader can learn from industry experts utilizing the automated trading option. The tight spread begins from as low as 0.0 pips, though they are offered for just razor balances.

Robinhood has over 5000 trading instruments to support all types of traders. These tools are lively and convenient for both new and seasoned traders. The dealers can put 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+

Your capital is at risk

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 offers various procedures of trading online. These tools cover the financial markets substantially. The Majority of the brokerage platforms offer fewer approaches than Robinhood

If you would like to trade 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 direct you safely 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 can pick 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 absolutely no minimum time over which a transaction must be kept open. The agents offer premium customer service which rewards clients with advantages.

Many unprofessional brokers try to pressurise consumers into bigger financing for premium services. Robinhood, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further benefits will become available.

Robinhood accounts are available globally and provides excellent service wherever they have clients. There are a few countries where Robinhood accounts are not available. Traders in the following countries cannot open or use a Robinhood account:

Is Robinhood Safe To Trade With?

Launched in 2013, Robinhood has been open for 8 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 ploicies in place to keep investor's resources secured. This means that Robinhood users do not need to worry about their money as it is segregated and safely stored in established banks. SSL encryption simplifies each user's personal information as well.

You are able to make use of an option for 2 Factor Authentications (2FA) with Robinhood for increased safety. An SMS with the confirmation code will be sent to your phone. You'll be required to input this code to log into your accounts.

Another concern with financial brokers with respect to safety might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more widespread in the example of Market Maker brokers who compete with users on the platform.

Pro's & Con's Of Trading With Robinhood

Every online trading platform will have a few pros and cons 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 Pro's

  • Robinhood is trusted by 10,000,000+ clients
  • Robinhood offers Negative Balance Protection
  • Robinhood doesn't charge withdrawal fees
  • Robinhood doesn't charge inactivity fees
  • Robinhood doesn't charge deposit fees
  • Robinhood doesn't charge CFD fees
  • 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, ߟ?, ??

Robinhood Con's

  • Robinhood does not offer Guaranteed Stop Loss
  • Robinhood doesn't trade major forex pairs
  • Robinhood doesn't trade minor forex pairs
  • Robinhood doesn't trade exotic forex pairs

Robinhood Review - Compare Brokers Similar To Robinhood

Robinhood AJ Bell eOption FP Markets
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $0 $100 $500 $100
Year Founded 2013 1997 2008 2005
Headquarters USA UK USA Australia
Regulated By Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Central Bank of UAE Unregulated Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Clients 10,000,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk 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 on its platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, client data is to not be shared with some other institutions or individuals. Including credit history and other financial details.

Robinhood Review - Awards

    At the time of writing this Robinhood review, they had not received any awards.

Robinhood Review - 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. You can create more advanced deposits as you cooperate. But, ensure you understand how to make the most of your money before investing in larger sums.

Robinhood Review - Commission And Fees Explained

Robinhood is an online brokerage 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. That is, an online broker is not necessarily influenced by the amount of customers they have.

But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three types of penalties for this objective.

The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you are spending a spread, funding speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight prices are people that are billed when you maintain a leveraged position for more than daily.

Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

In general, Robinhood doesn't charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, for example weekly or daily trading.

However, non-trading fees charged by Robinhood are comparatively lower. Consequently, you're billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of assets.

This Robinhood review breaks down each of the applicable non-trading fees for you in detail.

Compare broker fees against Robinhood

Robinhood AJ Bell eOption FP Markets
Minimum Deposit $0 $100 $500 $100
Withdrawal Fees No variable variable No
Inactivity Fees No No
Deposit Fees No Yes
CFD Fees No Yes

Robinhood Review - Withdrawal Fees Explained

Robinhood doesn't charge withdrawal fees

Withdrawal of cash is possible at any moment from the Robinhood account. You can withdraw sums up to the sum of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't always have to have any cash on your accounts.

Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money will be sent into the card. Robinhood will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're opting to draw in.

Robinhood Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with Robinhood. An inactivity fee is an amount charged to registered traders who haven't engaged in purchasing or selling for a while. The period considered inactive is determined by the agent.

The inactivity fee differs from one agent to another and isn't generalized. If a dealers account does not 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 enrolling.

Robinhood doesn't charge inactivity fees so you are free to use your account as needed

Even if no fees are indicated by Robinhood, it's better for you to close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.

For other trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is exposed to many circumstances and needs to be disclosed clearly by the broker beforehand.

Robinhood Review - Deposit Fees Explained

When you move money in your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this particular operation.

Robinhood doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Robinhood trading platform is easy. You just have to complete a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity proof and evidence of residency to deposit large sums.

Robinhood Review - Compare Broker Deposit Methods

Robinhood AJ Bell eOption FP Markets
Minimum Deposit $0 $100 $500 $100
Credit Card No Yes
PayPal No Yes
Neteller No Yes
Skrill No Yes
Payoneer No No

What Can You trade With Robinhood?

Note: Robinhood provides many 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 currency pairs.

Compare Robinhood, AJ Bell, eOption & FP Markets below.

Robinhood AJ Bell eOption FP Markets
Platforms Web Trader, Tablet & Mobile apps Desktop, Android, iPhone, Mac DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
Instruments Available 5000 28 274 100
Forex & Crypto
Forex Pairs Available 0 60
Offers Major Forex Pairs? No No Yes Yes
Offers Minor Forex Pairs? No No No Yes
Offers Exotic Forex Pairs? No No No Yes
Offers Cryptocurrencies? Yes No No Yes
Commodity CFD's
Commodities Offered 14 0 0 18
Trade Metals? No No No Yes
Trade Energies? No No No Yes
Trade Agricultural? No No No Yes
Indiced & Stock CFDs
Stocks Offered 5000 0 0 18
Trade UK Shares? Yes Yes Yes Yes
Trade US Shares? Yes No No Yes
Trade German Shares? Yes No No Yes
Trade Japanese Shares? Yes No No Yes

Your capital is at risk

Your capital is at risk

Your capital is at risk

Losses can exceed deposits

Alternatives To Robinhood

If, after reading this Robinhood review, Robinhood doesn't quite fulfill your requirements check out these Robinhood alternatives.

We have scoured the internet to find the best alternatives to Robinhood. Click the hyperlinks below to find out more.

Frequently Asked Questions about Robinhood

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 inexperienced traders. You may use this feature to build your faith in the system and yourself and your trading strategies.

If you sign up for a demo account on Robinhood, you may set out with a decent amount of virtual money. It's to establish a feeling of safety and confidence in you until you choose to spend your own money.

With this virtual Robinhooddemo account, you can experiment in any way, to whatever length you wish. You might even open positions, test different trading approaches, and more.

Robinhood specifies on its official website that you can trade real time stocks with your demo account.

Is Robinhood safe?

It is possible to drop all of your worries since we believe that Robinhood is totally safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).

Even so, Robinhood does not 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 acocunt 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 a number of ways to finance your account 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 money. You have to keep in mind that PayPal isn't available in every place. The monies Robinhood

Is my money safe with Robinhood?

Yes, your money is safe and protected with Robinhood. As you already know, Robinhood operates with good conformation to. It has established plenty of measures to guard all of its own investors.

Robinhood protects its clients' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you want to further safeguard your account, it is possible to empower Two-Step Verification also. It takes an SMS affirmation that you get your account.

Is Robinhood trading good?

Yes, trading via Robinhood is a nice and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you could also obtain access to a huge collection of educational resources and assistive material to kickstart your trading experience.

If you remain skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform on your own.

Which Countries does Robinhood support?

Robinhood operates across the world. However, due to regulations there are some countries that Robinhood do accept clients resident in

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 can vouch for it. The highlight of this platform is its quick order execution on trades.

You'll find the clean design of the platform and the admirable features that 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 currently among the business leaders. It has over 10,000,000+ registered customers and over 8 years of expertise on its own record. They're one of the world's top trading platforms and a dominant figure in the Fintech revolution.

It majorly owes this status to its unbelievable platform and wide selection of resources plus tools 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?

Through Robinhood, several traders make a great deal of cash. But typically, through consistent trading, you also can create between 2% - 10% profit a month.

This may seem like a small number, but within the entire year, this adds to a significant number of gains. Even though Robinhood provide 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. Certain commissions while trading also applies. 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 globally recognised broker with 10,000,000+ clients.

Where is the Robinhood head office?

Robinhood has its head office in USA

Does Robinhood offer negative balance protection?

Yes, Robinhood has Negative Balance Protection. It is specially offered when the market volatility keeps clients from letting their accounts go in the red. In a situation like this, Robinhood offers the ability to reset a clients account balance to zero.

You are able to go through the critical terms and conditions on Robinhood's site to comprehend their policies.

Does Robinhood offer guaranteed stop loss?

Robinhood regrettably, doesn't provide guaranteed stop loss. Robinhood gives a chance to its traders to close their trades at their specified price. Aside from this, Robinhood does not provide guaranteed stop loss.

Does Robinhood allow scalping?

Yes, Robinhood do 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?

Yes, Robinhood offers 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, ߟ?, ??

Does Robinhood have a wikipedia page?

No, Robinhood does not have an official wikipedia page.

Does Robinhood offer demo accounts?

Yes, Robinhood offers demo accounts so you can learn their systems before risking any real money.