Robinhood: Invest. Save. Earn.

Robinhood: Invest. Save. Earn. Wiki

Written by Robinhood Markets, Inc.


Rated 4.76918 From 1,600,215 Votes
$ 0.00
  • Last Updated: 2020-05-26
  • New version: 8.29.0
  • File size: 189.38 MB
  • Compatibility: Requires iOS 11.0 or later. and Android 4.4. KitKat or later

Robinhood: Invest. Save. Earn.


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Robinhood: Invest. Save. Earn. is an iPhone and Android Finance App, made by Robinhood Markets, Inc.. Today, it has gone through many interations by the developers - Robinhood Markets, Inc., with the latest current version being 8.29.0 which was officially released on 2020-05-26. As a testament to the app's popularity or lack thereof, it has gathered a total of 1,600,215 Reviews on the Apple App Store alone, with an average user rating of 4.76918 out of a possible 5 stars.

How does it Work?


Make your money work harder, with the Robinhood app. Invest in stocks, options and ETFs, all commission-free. When you join Robinhood: • Learn - We’ll help you understand financial markets so you can confidently invest in stocks, funds and options, all commission-free. • Manage - Before buying a stock, coin, or any other investment, you can access real-time market data, read relevant news articles, and get notified about important events. And of course, you can manage your portfolio on the go. • Customize - 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. Plus, we’ve got a full range of products to help make your money work harder for you. INVESTING MADE EASY New to investing? We have the tools and services to empower investors like you to participate in the financial market. Learn how to invest and trade smartly and get in-depth financial info - in lingo that makes sense. INVEST IN, STOCKS, FUNDS, OPTIONS AND CRYPTO With Robinhood Financial, you can invest in stocks, funds, and options. You can also buy and sell cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) with Robinhood Crypto. FRACTIONAL SHARES It shouldn’t cost a fortune to invest in the Fortune 500. With fractional shares from Robinhood You can invest in the companies you love for as little as $1. SECURE AND TRUSTED Your security is our priority. Robinhood uses cutting-edge security measures to help protect investor assets and personal information. CASH MANAGEMENT Your uninvested cash can still work for you. Earn competitive interest* and get more flexibility with your brokerage account. -- Disclosures *Cash Management is an added feature to your Robinhood Financial LLC brokerage account. The Annual Percentage Yield (APY) paid by program banks and may change at any time at the program banks’ discretion. Interest is earned on uninvested cash swept from the brokerage account to the program banks. Neither Robinhood Financial LLC nor any of its affiliates are banks. The debit card is issued by Sutton Bank, member FDIC, pursuant to license by Mastercard® International Incorporated. Securities trading offered through Robinhood Financial LLC, member SIPC and FINRA. Cryptocurrency trading offered through Robinhood Crypto, LLC. Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services and is not a member of FINRA or SIPC. Cryptocurrencies are not stocks and your cryptocurrency investments are not products protected by either the FDIC or SIPC. The free stock offer valid only for selected individuals, subject to the terms and conditions at rbnhd.co/freestock-terms. Free stock randomly chosen as detailed on the website. Individuals must sign up through promotional page advertisement to be eligible. Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security or a recommendation to buy, sell, or hold the security. Robinhood Financial does not provide investment advice and does not hereby recommend any security or transaction. All investments involve risk and the past performance of a security, other financial product or cryptocurrency does not guarantee future results or returns. You can always lose money when you invest in securities, cryptocurrencies, or other financial products. Investors should consider their investment objectives and risks carefully before investing. Fractional shares are illiquid outside of Robinhood and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Customer Agreement https://rbnhd.co/2SL1yA0 related to fractional shares. Robinhood Financial LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc.

Top Reviews

  • Experience Improvement Suggestion


    By A*Low
    This has been a fantastic app in all the time that I’ve been using it. Since about 2017. There have been many new additions since then. One of them being analyst ratings where we can see how many analysts provided a rating, and what percent said said buy, hold, or sell. This has been quite a useful gauge (along with others) for investing. That being said we all know time marches on and opinions change. Unfortunately I have not noticed any relevance to time in this analyst ratings feature. Perhaps these ratings are updated weekly. However, without knowing at what time the ratings were made it’s hard to tell how a stock, like GOOG, would be rated after some news comes out, like the antitrust inspection. Surely we can look at the rating description to see if it mentions anything about this news, but it still doesn’t address the main concern. That is when did each analyst rating actually happen. 30 could have been before a big news break and perhaps only 7 after. Making for a possibly inaccurate rating. Perhaps the news has nothing to do with these analysts ratings and it’s all about the companies numbers. In such case public opinion has no impact on ratings and thusly time is not as important. However it would still be nice to know when the ratings were made or last updated.
  • Amazing for starting out in stocks


    By Gmackn
    I am on Robin Hood everyday when the market open. Trades are free and there are truly no fees to pay unless you get the gold membership. I love this app so much. It is easy to start out because you don’t have to pay per trade like most companies charge. And that can be pricy especially for someone starting with only a few hundred dollars. You cant even start out if you are getting charged 10 dollars per trade. Not only that but Robinhood also trades options which are a great bonus if you’re into that. Everything is very convenient and easy to follow. They’ve had quite a few big updates that have helped out like candlestick charts and now their debit card system. I hope you guys keep growing because it helps me and my investments grow. All in all this is great for someone looking to start their stock portfolio at a cheap price. I do have to say that it is better to get information on investing else where but that’s not a big deal because when investing I feel like you search a million websites for the best information anyways. I’m sure there’s stuff I missed but I truly love this app. Thanks so much developers for making this. You guys rock!!! One more thing. Every time I have contacted customer support they have been so helpful and have gotten back to me either within the day or the next day!!
  • New member.


    By Muttlikepop
    I joined Robinhood a little over 3 months ago in Feb 2020 after I heard Clark Howard talk about on the radio. I think it is a great asset to the common man who doesn’t have thousands of dollars to invest in stock all at once. Robinhood is a way for the average person to study and learn about different stocks themselves and decide where they want to put their money. Then by way of the phone app they can check their stocks all day every day. A person can invest as much as they want, pennies or more. I’ve been able to invest over 3,000 dollars in these 3 make months by taking some savings and then doing the best part, which is taking any disposable income I have and buying stock with it. I never stop for fast food or buy anything but necessities now because I’ve found that I’d rather take the $5.00 or whatever it is that I would spend on junk food etc and buy stock. With the virus canceling all sports I’ve found watching my investments on Robinhood be more entertaining especially since I actually have a stake in the game now. The only thing I do wish Robinhood would do is explain the gold mining daily market better. I’ve put large amounts of money into a few of these and then all of a sudden the stock totally changes. These companies send out information but for an average guy they are too hard to understand. Thank you.
  • Freedom IS Actually Free!


    By GrandpaToldMe
    Time is the number one advantage you have when investing. Or so my grandfather told me. For years, however, I waited and put off investing until I had “enough” money to make the fees most brokers charge worth it. But I never seemed to have “enough” and I hated waiting (and therefore wasting the magic of compound interest). Robinhood took away my excuses and not only made it ridiculously easy, but completely FREE to invest. I’ve been using the app for over 3 years now and I’ve never spent a dime. And by referring the app to friends, I’ve received 15 FREE stocks from Robinhood (worth $65). The design is intuitive. The financial charts are easy to understand, without being overwhelming. The always up-to-date links to the latest news stories about the individual stocks are really helpful; over time, just reading little by little, I feel my knowledge about investing has grown thanks to those links. I’m mainly interested in long-term investments, but the few short term trades that I’ve made have been a breeze. I’m not that wealthy, yet, but honestly this app is one of my favorites on my phone because watching the dividends come in and the compound interest grow year-by-year genuinely makes me happy. Robinhood is simply complete financial peace-of-mind in a beautifully designed app. I can’t thank its creators and designers enough!
  • Senior Tax Accountant


    By ArAgOnRiChIe305
    Love this app! This is been instrumental for so many people I know in their understanding of investing, financial planning, and general financial health. Amazing, easy-to-use user interface. Love the free stock for referrals, love the selection of securities, and love the cash management. My only gripe is perhaps updating the Dividend Yield, PE ratios, etc. to the current security information (current price, current dividend payout, etc), showing the performance over a period of more than 5 years (i.e. 10 years, ALL-TIME), and having a more robust, advance information base. RobinHood has and is solving a market problem by offering an investment solution for the masses, highlighting the fact that investors should understand what they are doing and what they are investing in. This is an incredible tool and resource on how anyone can improve their financial position, condition, and health through investing. This isn’t something just for ultra rich. This is available to everybody. Just have to have the determination, perseverance, and the mental fortitude for all our decisions about money (from all that online shopping to buying premium brands to feeling like you “need to splurge” yourself to make you feel better (you really don’t need it) and sky is the limit. Excited for people interested in this app and in their financial future.
  • Better money movement strategies


    By J.SakH2HG
    I really am enjoying Robinhood. I would like to say that there is one thing I’m not fond of however. That is the trade and sell in a single day feature. Three trades and sells in 5 trade days is just nonsense. You are telling your investors that they must take a loss. Or that they can’t make money. I get the concept as to why you do this. Again though it is unfair. We read up on a stock that is predicted to do well and invest money, that same day the stock starts to take a dive and we can’t pull out without being sited for a possible “day trade”. I’m new to all of this like many of your investors using this app are. I think implementing something for the little guy would be more fair. You say it’s ok if you have $25,000 invested on the app. Well a lot of us don’t. And I’d like to be able to move my money where I’d like when I like and maybe you guys should consider upping that trade number to 5 per 5 trading days or “week”. Then impose a few for any there after! The idea of being restricted from getting out of risky stocks is not fair. Pretty much saying that you need to put your money into blue chips or futures and let it sit as opposed to buying a stock and looking to turn a profit that day or week. Sorry if I haven’t articulated myself the way an investor with years of experience would have. Although like I said I myself along with many others using Robinhood are beginners. Thank you.
  • Best Brokerage app for 1st time investors!!!


    By addyyoluh
    The major issue I have had with Robinhood is their glitches. The biggest being occasionally crashes that can last an entire trading day this can be inconvenient for option and day traders aside from these and a couple other issues Robinhood is an awesome platform. I wish the option to organize the stocks you search buy MRK CAP, AVG’s over Days, Months, and Years and ANALY RAT’s was included on the app as with the desktop it would be a nice feature to have. I love the cash management option along with those for fractional shares and drip investing but I wish there was away to practice investing to see how you would preform on let say options trading. Having a paper trading option on Robinhood would benefit the app and the users by allowing users to practice trading in a way that could make them more money. Paper trading also gives Robinhood more money from each customer as they would feel more comfortable placing money in trades than they might now. There are also areas Robinhood lack in analytics. I imagine advance charts might scare new users not familiar with trading however, which is why I would say disable the option by default until the user enables it. All in all Robinhood is a 5/5 Investing app. 🎖🎖🎖🎖🎖
  • Newbie


    By Lfdrescue
    I’m very new to the stock market. I was always scared to even look into investments. A friend sent me a link to Robinhood and asked me to try it and even told me that I would get a free stock just for signing up. So I figured WTH I’ll see what happens. So I did it and now I check the market everyday, because of this I’m more aware of current events and how companies use their money. Not only is Robinhood easy to use and a great way to invest money for future gains but Robinhood also educates you on what you are doing. There are a lot of features that Robinhood has that I found by accident. It wonderful. The only issue I have had is the delay in drafting from your bank. You initiate the transfer and Robinhood gives you a mini line of credit (insta-funds) until you’re transfer is complete. I utilized this a lot, $25 here $25 there. I over-drafted my account. This was not Robinhood’s fault this was my fault. Robinhood has been excellent with their understanding and patience while I bring my account current. I only share this personal detail to remind you the reader to pay close attention to when and how much you deposit make sure the funds remain in your bank until Robinhood receives them. Thank you for your time and have fun. I know I have.
  • Great idea but lousy service


    By Sneeze stu
    I have been using this app for about a year. I have used e trade for many years but wanted to save money on my trades. The app works fine. The company however is very shady. On more than 1 occasion the trade price increased right when i bought it. Every time I end up paying the difference. The customer service is horrible you can’t talk to anyone and it’s all generic email responses that don’t even respond correctly. Just recently I signed up for their Robinhood Gold which is their margin account product. It was initially advertised as use it and they will charge $15 a month if you have a balance. Then it changed to $15 a month if you have a balance or not. I have been trying to cancel it for 2 months now. I’m still getting charged $15 a month for nothing. There is no way to call in and the robot emails from customer service are programmed to refuse any inquiry that involves a refund. I like the price but with the hidden charges every where and the lack of caring for their clients I might go back to e trade. Free trades sound good but obviously they need to make money so they have a business plan of hidden fees and secret support that you can’t talk to a live person. I wouldn’t trust this site for your entire portfolio.
  • Robinhood app is good to great


    By Christophe222
    When the crisis isn’t going on the support gets back to you the same day if you have an issue. Which is a plus, they go the extra mile to explain anything you don’t understand, or tell you where you can find the information. I recommend more charting for the app. More indicators, and lessons on the indicators. Having options for settings on the indicators. Also information on using the indicators after learning the significance of having them. It’s for better. Since the app is for beginners. Then after you understand how to utilize the information you’ll probably still keep the app just to be able to remember how came to understand how you learned it. Learning how to buy and sell options and all the other things you learn here takes time. But once you get it, you can do much more. I gave the app a 5/ 4.5 because of some issues with the interface issues they’ve had in the past which they are working to make right with me. Make sure you take screenshots if you have an issue so you can send them to them. So they can help you better. All in all it’s a great app for beginners and after you get everything you are doing you will still keep it.

External Links

Robinhood Markets, Inc. Official Website

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Download for Android

Disclaimers:
This page was last edited on 2020-05-26.
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