This Robinhood (RH) review will explain why is Robinhood one of the most popular stockbrokers in the USA now after only 7 years of existence. The stockbroker boasts to manage approximately 50bn in assets and is rumored to go public in the coming years. On this Robin Hood stock broker review, we will analyze all aspects that will help you make a well-researched decision on whether to use or not use Robinhood for ETF, bond, stock, Future or options trading.
Our review focuses are popularity, user rating and feedback, background information, security, offering, fees and quality of mobile app.
As mentioned on our introduction, Robinhood is one of most popular stock brokers currently and receives a great deal of media attention.
|Number of users (approximate)||13m||https://www.financemagnates.com/forex/brokers/robinhood-tops-13-million-users-raises-280m-at-8-3b-valuation/||4 May 2020|
|Website traffic (estimated)||42.6m||https://www.similarweb.com/website/robinhood.com/||16 Aug 2020|
|# results on web||29.7m||https://www.google.com/||16 Aug 2020|
|Search volume google||40k||https://searchvolume.io/||16 Aug 2020|
|Twitter followers||196k||https://twitter.com/robinhoodapp||16 Aug 2020|
|FB followers||163k||https://www.facebook.com/robinhoodapp/||16 Aug 2020|
|How popular on mainstream media?||High||barrons, cnbc, Motley Fool, Fox Business, Bloomberg, Forbes, Tech Crunch, Business Insider||–|
|Notable awards||Most innovative company by Fast Company (2015), Top 50 by Fast Company (2016)||https://www.fastcompany.com/company/robinhood||–|
Robinhood user reviews from across the web are scarce and overall quite negative (while at the same time, Twitter communication with users, and app reviews seem extremely positive).
The below is background information on Robinhood Markets Inc.
|Revenue Data||180m on Q2 of 2020||https://www.forbes.com/sites/jeffkauflin/2020/08/03/robinhood-doubles-its-second-quarter-trading-revenue-reaching-180-million/#3eddefb6768c|
|CEO and bio||Vladimir Tenev, Standford graduate, left his PhD in maths for robinhood. Prior to robinhood, he created a high frequency trading company.||https://en.wikipedia.org/wiki/Vladimir_Tenev|
|Number of employees||1,281||https://en.wikipedia.org/wiki/Robinhood_(company)|
|Notable investors (private companies)||SEQUOIA, Index Ventures, CapitalG, Andreessen Horowitz, Thrive Capital||https://careers.robinhood.com/|
|New device extra security?||Yes||https://robinhood.com/us/en/support/articles/verifying-its-you/|
Fees & Offering
Robinhood is the original “no fees trading app” as we have previously reported on InvestingTips360.
|Account fixed fees||None||https://robinhood.com/us/en/support/articles/trading-fees-on-robinhood/|
|Margin costs||5% per day||https://robinhood.com/us/en/support/articles/paying-for-robinhood-gold/|
|ETF buying fees||None||https://cdn.robinhood.com/assets/robinhood/legal/RHF_Fee_Schedule.pdf|
|Stock buying fees||None||https://cdn.robinhood.com/assets/robinhood/legal/RHF_Fee_Schedule.pdf|
|Option buying fees||None||https://cdn.robinhood.com/assets/robinhood/legal/RHF_Fee_Schedule.pdf|
|Short selling fees||Not available on robinhood||–|
|Future buying fees||Not available on robinhood||–|
|Future options buying fees||Not available on robinhood||–|
|Cryptocurrency fees||1% on buying, 5% on selling||https://robinhood.com/us/en/support/articles/cryptocurrency-investing/|
|Fixed income fees||Not available on robinhood||–|
|Mutual funds fees||Not available on robinhood||–|
Know more about Robinhood’s Android and iPhone app through our Robinhood app review below:
Final conclusions: Robinhood – is it the best stock and options trading platform and app?
This Robinhood review demonstrated how groundbreaking the company is. Excelling in easy-to-understand and easy-to-execute design, excellent app, and a NO FEE policy on almost anything, it’s easily the best stock broker to start working with. There are disgruntled clients and certain instruments you can’t get access to (such as Futures) with Robinhood, so it’s not perfect, but it’s pretty darn good.