Robinhood Overview
- What is Robinhood?
Robinhood is a financial services company that provides commission-free investing for stocks, options, ETFs, and cryptocurrency trading without charging any fee. It enables users to buy and sell popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin, among others, directly through their app or website. Robinhood aims to make the process straightforward and accessible, even for those new to cryptocurrency trading. Robinhood also offers cash management services and educational resources to help users make informed financial decisions.
- Main Features
- No commission feesUser-friendly and mobile-first interfaceInvest in fractional shares of stocks and ETFsLearning resources available on the platformIndustry-leading security and cold storage
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Frequently asked questions
The majority of your digital assets are stored in cold storage, away from internet access, enhancing security. Additionally, Robinhood provides crime insurance, covering losses due to theft, including cyber attacks, with policies from Lloyd’s, supported by broker Aon. Robinhood Crypto's security measures include regular reviews by our Security Team and assessments by third-party experts, making our systems among the most secure in the sector.
Robinhood is a FINRA-member broker-dealer and SIPC-member, meaning your securities are insured up to $500,000 (including $250,000 for cash claims). However, investing always involves inherent risks. It's crucial to conduct your own research and understand the risks before making any investment decisions.
Buy and sell most stocks, ETFs, and options without paying commission fees to Robinhood. Users can invest in any stock or ETF, regardless of its price, by purchasing fractional shares. This makes expensive companies accessible to everyone. Robinhood's user-friendly interface makes navigating the platform and managing your investments a breeze, especially on your mobile device.
Robinhood Crypto offers commission-free cryptocurrency trading by earning revenue through volume rebates from trading venues. For instance, Robinhood gets $0.35 in rebates for every $100 of notional value in executed crypto orders. While there are no commission fees for crypto trades, other fees, like those for Robinhood Connect, may apply.
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