Robinhood

Overview

Robinhood is a US-based commission-free trading app founded in 2013. It offers crypto, stocks, ETFs, and options from a single platform and is known for pioneering zero-commission trading. Robinhood is regulated by the SEC and FINRA.

Zero-Commission Pioneer

Robinhood pioneered zero-commission trading, making investing accessible to millions of new investors. It offers commission-free crypto, stock, and ETF trading.

Multi-Asset Platform

Robinhood allows users to trade crypto, stocks, ETFs, and options from a single account, making it a popular choice for users who want diversified investing.

Pros & Cons

Pros

Zero-commission trading pioneer
Multi-asset: crypto, stocks, ETFs, options
User-friendly mobile app
SEC and FINRA regulated
No account minimums
Fractional shares available

Cons

Limited cryptocurrency selection
You don't own the private keys to your crypto
Past outages during high volatility
Limited advanced trading features
Not available outside the US

Frequently Asked Questions

Is Robinhood regulated?

Yes, Robinhood is regulated by the SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority) in the US.

Does Robinhood charge fees for crypto?

Robinhood offers commission-free crypto trading, though it may earn through spread markup. Check the platform for current fee details.

Do I own my crypto on Robinhood?

Robinhood allows you to buy and sell crypto, but you don't control the private keys. You can now transfer crypto to external wallets for supported assets.