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Robinhood

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Robinhood

Unaffiliated

in Brokerages from Robinhood

SuperMoney Net Recommendation Score +75% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly recommended

3 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Online Trade $0
Minimum to Open Account $0
Margin Rate Starting at 5%
Broker Assisted Trading Fee Starting at $10

Robinhood Review

Where is Robinhood based?

Robinhood is a brokerage based in Palo Alto, CA. Founded in 2013,

What assets can you invest in with Robinhood?

Robinhood does not provide investors with many options. It only offers access to the following assets:
Robinhood Investment Options
Supported Options Unsupported Options
  • Stocks
  • Cryptocurrencies
  • Options
  • Bonds
  • Mutual Funds
  • FOREX
  • Futures
  • International Stocks
  • Pink Sheets / OTCBB
  • Real Estate
  • Marketplace Loans
  • Startups
  • What trading fees does Robinhood charge?

    The online trading fees of Robinhood are below the average ($8.90) for online brokerages. However, there are other fees to consider.
    Robinhood Fees
    Trading Fees Amount
    Broker Assisted Trading Fee $10
    Returned Deposit Fee (International) $30
    Incoming Domestic Bank Transfer Fee $25
    Outgoing International Bank Transfer Fee $50
    Incoming International Bank Transfer Fee $50

    How much do you have to invest to open an account?

    Robinhood does not have a minimum amount to start an account.

    What is the minimum amount to open a margin account?

    A margin account allows investors to borrow cash by using the securities and cash invested in the brokerage as collateral. Robinhood offers investors this service but the minimum amount is $2,000.

    What margin rates does Robinhood offer?

    Robinhood offers a margin rate that ranges from 5%.
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    Contact

    • Headquarters
    •   3200 Ash Street
      Palo Alto, CA 94306 USA
    •   Visit Site

    About Robinhood

    Feature Breakdown

    Annual Fee $0
    Online Trade $0
    IRA Closure Fee $0
    ETF Trades $0
    Paper Statement Fee $5
    Returned Deposit Fee (Domestic) $30
    Wire Transfer Fee - Domestic (Outgoing) $25
    Wire Transfer Fee - International (Outgoing) $50
    Wire Transfer Fee - International (Incoming) $50
    Returned Deposit Fee (International) $30
    Wire Transfer Fee - Domestic (Incoming) $25
    Margin Rate Starting at 5%
    Broker Assisted Trading Fee Starting at $10
    Minimum to Open Account $0
    Minimum Margin Account $2,000
    Research and Reports  
    No-Commission ETFs  

    Robinhood Community Reviews

     
     

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