SuperMoney

Robinhood Brokerage Account

in Brokerages from Robinhood Markets, Inc.

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Robinhood Brokerage Account

Claimed

in Brokerages from Robinhood Markets, Inc.

SuperMoney Net Recommendation Score +72

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +72, equating to 4.4 on a 5 point rating scale.

+72

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

30 users recommend
2 users are unsure
4 users don't recommend
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Highlights
Community Rating Strongly recommended
Minimum Initial Investment $0
Online Trade $0
Broker Assisted Trading Fee Starting at $10
Margin Rate Starting at 5%
Number of Reviews 36

Robinhood Brokerage Account Review

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

Robinhood Brokerage Account FAQ

What assets can you invest in with Robinhood Brokerage Account?

Robinhood Brokerage Account does not provide investors with many options. It only offers access to the following assets:

The Good The Bad
  • Cryptocurrencies
  • Stocks
  • Options
  • Bonds
  • Mutual Funds
  • FOREX
  • Futures
  • International Stocks
  • Pink Sheets / OTCBB
  • Real Estate
  • Marketplace Loans
  • Startups

What trading fees does Robinhood Brokerage Account charge?

The online trading fees of Robinhood Brokerage Account are below the average ($8.90) for online brokerages. However, there are other fees to consider.

Robinhood Brokerage Account 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 Brokerage Account 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 Brokerage Account offers investors this service but the minimum amount is $2,000.

What margin rates does Robinhood Brokerage Account offer?

Robinhood Brokerage Account offers a margin rate that ranges from 5%.

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Message From Robinhood Brokerage Account

Robinhood lets you invest in companies you love, commission-free. Break free from commission-fees and make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial. Other fees may apply. Set up customized news and notifications to stay on top of your assets as casually or as relentlessly as you like. Controlling the flow of info is up to you.

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About Robinhood Brokerage Account

Feature Breakdown

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

Robinhood Brokerage Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +72, equating to 4.4 on a 5 point rating scale.

+72

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.

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