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Robinhood Brokerage Account
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Robinhood Brokerage Account

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in Brokerages from Robinhood Markets, Inc.
SuperMoney Net Recommendation Score +73  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +73, equating to 4.5 on a 5 point rating scale.

+73

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

34 users recommend
3 users are unsure
4 users don't recommend
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Highlights
Community Rating Strongly recommended
Online Trade Fee $0
Minimum Initial Investment $0
Broker Assisted Trading Fee Starting at $10
Number of Reviews 41

Robinhood Brokerage Account Review

Robinhood Brokerage Account is offered by Robinhood Markets, Inc., a financial services company founded in 2013 and based in Palo Alto, CA.

Robinhood Brokerage Account FAQ

What assets can you invest in on 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
  • Treasury Bills

What trading fees does Robinhood Brokerage Account charge?

The online trading fees for 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Robinhood

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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Other Services by Robinhood Markets, Inc.

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Checking Accounts

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Feature Breakdown

Annual Fee $0
IRA Closure Fee $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
Minimum Initial Investment $0
Minimum Margin Account $2,000
Investment Choices
  • Stocks
  • Options
  • Cryptocurrencies
No-Commission ETFs
Research and Reports
Online Trade Fee $0
ETF Trades $0
Margin Rate Starting at 5%
Broker Assisted Trading Fee Starting at $10

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 +73, equating to 4.5 on a 5 point rating scale.

+73

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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