Robinhood: Investing for All

Robinhood: Investing for All Wiki

Written by Robinhood Markets, Inc.


Rated 4.78294 From 2,377,940 Votes
$ 0.00
  • Last Updated: 2021-01-12
  • New version: 8.62.0
  • File size: 208.69 MB
  • Compatibility: Requires iOS 11.0 or later. and Android 4.4. KitKat or later

Robinhood: Investing for All


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Robinhood: Investing for All 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 8.62.0 which was officially released on 2021-01-12. As a testament to the app's popularity or lack thereof, it has gathered a total of 2,377,940 Reviews on the Apple App Store alone, with an average user rating of 4.78294 out of a possible 5 stars.

How does it Work?


Invest in stocks, options, and funds with Robinhood Financial. Buy and sell cryptocurrencies with Robinhood Crypto. All commission-free Other fees may apply. View Robinhood Financial's fee schedule at rbnhd.co/fees to learn more. 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. To get you started, get your first stock on us. Certain limitations apply. 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), Litecoin (LTC), and Dogecoin (DOGE) with Robinhood Crypto. SECURE AND TRUSTED Your security is our priority. Robinhood uses cutting-edge security measures to help protect investor assets and personal information. CASH MANAGEMENT Earn money with competitive interest* on your uninvested cash 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) is 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. See our Customer Relationship Summary at http://rbnhd.co/crs. 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 reward stock offer is available to new users only, subject to the terms and conditions at rbnhd.co/freestock. Reward stock randomly chosen from the program’s inventory. Individuals must sign up through promotional page advertisement to be eligible. The receipt of a share of stock through this program does not constitute 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, including the loss of principal. Investors should consider their investment objectives and risks carefully before investing. Recurring investments do not ensure a profit or guarantee against loss. Not all securities on Robinhood are eligible for recurring investments. Recurring investments may result in a purchase of fractional shares, which are illiquid outside of Robinhood and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, visit www.robinhood.com. 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.
  • Great App!


    By LIk3Aball3r
    It’s easy to understand (once you get familiar with stock trading terminology), and it makes trading stocks feel simple. One suggestion I do have is when I’m looking at the line graph of a stock that I have shares in, I’d like to be able to see visually on the graph where I jumped in at. So say I bought some shares at $4.67/share and I held the shares for 2 months. If I click on the 3 month view of that stock, I’d like to see a little pin or something on the date that I bought my shares at. That way I can see in an instant whether I bought while the price was high or low or mid. Also it helps just in general to see what spikes I’ve held my shares through and which dips I’ve been along for the ride for. I could see this being particularly helpful in situations where I’m buying/selling a lot of shares quickly, or I’m trying to study the markets and look at my past investments. We would be able to notice patterns in our trading habits like if we are overly aggressive on a regular basis, or if we are consistently too passive. I’ve noticed just by my own tracking that I tend to sell a little early. But if I were trading on much larger scales with a lot more money, I wouldn’t be able to mentally keep track of everything. So without writing it down, it would be tough to look at these stocks and remember when I bought at. Just a thought.
  • 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.
  • 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!!
  • 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.
  • Moving away from using Robinhood


    By nickk118
    I signed up for Robinhood a few years back. I didn’t know much about investing but I thought I would give it a try. I found the act of buying and selling stocks to be easy but I didn’t like the lack of other features like the ability to look at detailed charts or even create price alerts. After a few months I withdrew my money. Fast forward 2 years later and I thought I would give it another try. I imagined that in 2 years the app would have made some substantial improvements. I was wrong. The functionality is still the same and there still are no advanced features like charting or price alerts. I do not like the pattern day trade rule Robinhood has setup. I do not trade with margin and only use my available cash. On most other platforms with a cash account you avoid this rule but Robinhood uses it no matter what. After 4 trades you are banned from trading for 90 days. Also, this app crashes and glitches A LOT! On high trading days I have seen many people complain that their app isn’t working. I’ve also had issues with my chart matching my activity and this does not make me fee very confident that the app is tracking my balance accurately. Overall this app could be good for people who want to learn the process of buying and selling stocks and are going to basically “set it and forget it”. If you plan to be an active trade this app is not for you. As soon as I can withdraw all my money I will be switching over to another broker.
  • Great but could be better


    By Wiels
    I really like the Robinhood platform for its ease of use and format style. It makes it easy for beginners to see most of the information they need that is provided by rh and it is easy to get around. The options format could definitely be tweaked to work easier and be more user friendly but if you’re just trading stocks (not options (sometimes) or crypto(ever)... which i don’t recommend on rh at this point until they either optimize the platform or change their user agreement)) then rh is a solid platform to use. I still think more could be done to provide users with more information on the companies and stocks and that until they do, rh will continue to hold the stigma of a bunch of uninformed newbie investors. I hope in the future that rh will begin to optimize their platform to be able to include P/E ratios for all the stocks they include, to actually include more stocks, to provide access to more news and balance sheets of companies, and hopefully to make their crypto platform more investor friendly like stocks instead of taking such a huge profit from it (because honestly, they are missing out on a huge growing market of people who want to invest in crypto but refuse to do it on rh as the policies are atm). All in all though, glad i discovered rh and think it’s one of the better apps for beginners and intermediate investing of stocks.
  • Great But Buggy


    By UMM BusRider
    Robinhood has a great concept going for them. They’ve targeted a niche area of the market which caused a domino effect for the rest of the brokers. Robinhood moves other brokers away from fees per trade and change the game for good. However with that they provide an extremely good UI which is simplistic and easy to use. This is especially good for newer traders and investors as well as it making it a pleasant and seamless experience. But with that being said there are few bugs that they need to work one. Starting with the accuracy of the charts of portfolios. I’ve noticed and a few friends of mine have noticed a few offages (Money I put in + growth) doesn’t always add up. My next issues is that on busy trading day Robinhood needs to increase their server capacity. I don’t like to wake up to either Robinhood unable to make a trade for me because of “high volume” or “May experience delays due to higher traffics” but you get what you pay for and in this case I’m not complaining to much. But over all if you’re looking to start getting into the investment game and you know where to start I would recommend using Robinhood. I mean I did recommend it to all my friends. Ever app has up and downs and I’m certain Robinhood will eventually work out the kinks and be ever better than it is now. They’ve come along way from when the app just rolled out.
  • Clear and concise


    By Sublime.fool
    I have had the Robinhood App for over 6 months now. Most of the time paying for Level 2 information. This has helped me gain knowledge of the market and how to use it beneficially. I am not a day trader or large investor; just a regular guy trying to have some fun within the market. So far, I have not lost money. I started with $200 and invested more over time. The covid scare caused me to pull out of the market for awhile (stocks dropped and I still made 400), but now I’m back. Turned 800 into a 2400, and that 24 into a solid 31. I would highly recommend this app for small investors like myself because unlike many others, Robinhood does not charge transaction fees. It is a set annual percentage. I also have their debit card assigned to my account. It was very easy to apply, activate, and use (and it accrues a small interest on unused cash in the account). The worst part about the debit card was the waitlist. Once off the waitlist, the card arrived promptly. If I were to change anything, it would be a function allowing me to sort stocks by current price (low to high). Otherwise the app has been great to me. It has even caused me to know more about things the media bypasses or exaggerates. What are you waiting for??! This is your sign!! Join!!

External Links

Robinhood Markets, Inc. Official Website

Download for Free on On iTunes
Download for Android

Disclaimers:
This page was last edited on 2021-01-12.
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