Robinhood

Active

Country: United States (US)
Founded: 2013
Developer: Robinhood Markets, Inc.
Pricing: Commission-free trading; Freemium (Robinhood Gold subscription)
Open source: No
Platforms: iOS, Android, Web

Indexes

Investing/Portfolio

Overview

Robinhood is a mobile and web platform for stock, options, and cryptocurrency trading, launched in 2013-2014, aimed at retail investors including beginners. It provides commission-free trades, cash management accounts with debit cards, retirement accounts (Roth IRA, traditional IRA), and premium features via Robinhood Gold.¹²

Key Features

Commission-free trading - Trade stocks, ETFs, options, and cryptocurrencies without commissions.
Robinhood Gold - Premium tier with instant deposits up to $50,000, Level II market data, margin trading, and research reports.
Cash management (Robinhood Spend) - Account with debit card, 0.3% APY, 75,000+ free ATMs, and FDIC insurance.
Retirement accounts - Roth IRA and traditional IRA with holdings and cash tracking.
Investor profile - Tracks personal financial details, income, employment, investment experience, and goals.
Crypto holdings - Support for cryptocurrency trading and portfolio tracking.
Profile visibility settings - Options to set profile privacy for interactions like Pay & Request.

Pricing

Plan	Price	Includes
Free	Free	Commission-free stock/ETF/options/crypto trading, basic account features, spending account.
Robinhood Gold	Subscription (details not specified)	Larger instant deposits, Level II data, margin trading, Morningstar research.

Platforms & Requirements

Available on iOS via App Store, Android via Google Play Store, and web platform. Requires stable internet connection and account login with optional two-factor authentication. Updates recommended for latest features; personal info edits done via app menu.³

Integrations & Ecosystem

Mastercard debit card
75,000+ free ATMs
FDIC insurance
NASDAQ Level II data (Gold)
Morningstar research (Gold)
Personal data download
Pay & Request with profile visibility

Alternatives

App	Difference
Webull	Similar commission-free trading with advanced charting tools but no cash management account.
Fidelity	Full-service brokerage with retirement focus and no premium tiers required for research.
Charles Schwab	Commission-free trades with extensive branch network and broader investment products.
E*TRADE	Options trading emphasis with Power E*TRADE platform for advanced users.

Reputation

Robinhood is recognized for democratizing access to investing through commission-free trades and a user-friendly app for beginners.² Criticisms include limited research tools in the free tier and past regulatory issues with trading restrictions. Robinhood Gold addresses advanced needs but requires a subscription fee.

Sources (9)