Robinhood reviews from experts
About the company Since 2013, broker Robinhood has been offering the possibility to buy/sell securities and online trading. Until 2017, there was only a mobile app, then an official website was created as the project grew in popularity. The firm was founded by two men, Baiju Bhatt and Vladimir Tenev. At the moment, it is an organisation headquartered in California and employs more than 1,200 people. The site is notable for the fact that there are no transaction fees at all. The intermediary earns money from several sources: The premium version, by purchasing which clients can trade before and after the trading session. At the expense of market makers (payment for the flow of orders). Robinhood is subject to US regulation (SEC). The official website, as well as the mobile app, operate in English. Traders' capital is insured up to $1.25 million. Trading conditions The broker offers access to trading stocks, futures, options. There's no commission for transactions, deposit and withdrawal of funds. Robinhood's trading platform supports all mobile devices. There's also a web version for trading from the browser. The functionality is rather limited, for example, the platform has no depth of market. Additionally, an affiliate program has been created that offers to make money by referring partners. Beginners are provided with tutorials with the ability to track the learning process: videos, articles, glossaries. Robinhood provides analytical information on many assets. Although only US residents can access the site, there are still limited services available for residents of other countries. From distinctive features, besides the absence of commissions, the broker has no possibility of shorting, it is possible to trade by automatic strategies (spread, call, debit spreads), there is a service of creating a deposit in the bank at the rate of 1.8% per annum. And the minimum deposit is $2,000. Conclusion In general, reviews about Robinhood on the expanses of the Russian Internet are not particularly common due to the fact that the company is focused on American citizens. However, among those that are there are quite diverse and contradictory. Leave your opinion about this firm below, indicating all its pros and cons, as you think. Pros Free transactions; Regulated by US authorities; Extensive additional functionality Cons No ability to play downside; Limited access for non-US residents; High risks.