Robinhood Brokerage Account Review

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Robinhood Review

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Features

  1. Welcome offer: earn a random free stock that’s worth $2.50-$200 (98% chance $2.50-$10.00). No money needed.
  2. $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.
  3. $0 monthly fee, no minimum balance requirement.
  4. $0 commission for options as well.
  5. You can buy stocks, ETFs, but you can not buy mutual funds in Robinhood.
  6. Robinhood supports crypto currencies (be cautious about this!), fractional shares, etc.
  7. Its UI is newbie-friendly.
  8. It is recommended to use a limit order instead of a market order to trade anything in Robinhood.
  9. Refer a friend: you can refer a friend and both of you will earn a free stock.

Summary

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.

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