- Welcome offer: earn a random free stock that’s worth $2.50-$200 (98% chance $2.50-$10.00). No money needed.
- $0 commission fee! Although in today’s environment, almost every brokerage account is commission free now, Robinhood is the first one to push the fee to $0.
- $0 monthly fee, no minimum balance requirement.
- $0 commission for options as well.
- You can buy stocks, ETFs, but you can not buy mutual funds in Robinhood.
- Robinhood supports crypto currencies (be cautious about this!), fractional shares, etc.
- Its UI is newbie-friendly.
- It is recommended to use a limit order instead of a market order to trade anything in Robinhood.
- Refer a friend: you can refer a friend and both of you will earn a free stock.
Robinhood is the first brokerage account to offer $0 commission fee. Its UI design is suitable for millennials, and its app is easy to use.