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
Pink Sheets / OTCBB
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.
|Broker Assisted Trading Fee
|Returned Deposit Fee (International)
|Incoming Domestic Bank Transfer Fee
|Outgoing International Bank Transfer Fee
|Incoming International Bank Transfer Fee
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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