Robinhood Markets

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Formally known as Robinhood Financial, LLC , the Robinhood app takes from the rich and gives to the poor. Well, no it doesn’t do that; it just allows you to make stock trades for free. Robinhood is a no-frills stock broker with no minimum deposit.

To access the service you need to install an app on your iPhone, iPad, Apple Watch or Android smartphone. A web-based interface is something that’s planned in the future but currently has no ETA.

Based on the limitations and focus, Robinhood is obviously catering to the Millennial crowd, with their smartphone being their primary computing device. Millennials typically do not want any of the additional bells or whistles that come with a traditional discount broker.


  • Free Trades — Zero, zip, nada, naught, zilch for any trade.
  • Easy To Use — The service was easy to sign up for and use when making trades.


  • Stock and ETF Trading Only — You currently cannot trade options, OTC securities, warrants or mutual funds.
  • No Retirement Accounts — Currently only individual taxable accounts are available. Joint or custodial accounts aren't available either.
  • No ACAT Transfers — Currently there is no way to transfer existing brokerage assets into Robinhood.

Full Broker information

Foundation Year 2013
Trading Platforms Robinhood Mobile Platform, Robinhood Gold Mobile Platform
Reliability Rate B-
Authorised Capital
Brocker Fee 0
Exchange Fee
Withdrawal Fee
Minimum Deposit 0
Mobile Trading

Contact information

Phone: [email protected]
Address: Palo Alto, California, USA


42% 57%

User Reviews

Robinhood is a great way to buy stocks w/o pesky commission fees which can really add up. All the other brokers charge $5 - $10 per trade. In addition, Robinhood does not require a minimum deposit. After a while, you will have a nice collection of stocks from different companies; it's like owning your own custom made ETF. Robinhood will often offer research articles associated w/ your stocks of interest. After funding your Robinhood, you get to buy stocks immediately, up to $1000; no need to wait several days for the funds to settle. A very nice touch. The stock charts look great, have good functionality, and are very useful. During trading hours, the app offers real time stock prices & lightning fast trades that get executed almost immediately. Not bad for the price of free!
&nbsp Packer2020 &nbsp 2016/10/11 19:27 &nbsp &nbsp
While its minimalistic design is what I like most about Robinhood, I'd like to see the two following features added: 1) The ability to see individual stock values from portfolios (you'd think this would be standard so maybe it's just hard to find) 2) Trailing stop orders- the lack of this feature might be the only thing that keeps me connected to my Sharebuilder account A perfect app for novice to more experienced traders, or should I say investors, since there's a frustratingly strict limit on the number of trades the average Joe can make in a 5-day period. Overall though, I'm super pleased!
&nbsp Brendan227 &nbsp 2016/10/11 19:27 &nbsp &nbsp
Robinhood has totally changed the way you can invest by removing the fee per trade - which means you can even spend as little as 100$ on a trade which was not feasible before. The ability to make small trades over a long period of time has turned out to be so helpful and I can never imagine going to back to the old style of trading. Also, check out robinhood gold if anyone's willing to go the extra mile !
&nbsp Sanjay_verghese &nbsp 2016/10/11 19:27 &nbsp &nbsp
This app makes investing in stock fun, free, and easy. Man, that sounds canned. It really does, though. The articles and blurbs are super helpful starting points for research. I kinda wish they included Betas, though. Not a huge thing, bc Yahoo Finance includes them, but I think of it as a crucial metric, even before looking further into a company. Also, I wish it meshed with Intuit's Mint. Idk who to complain to about that, but I wish that they cooperated.
&nbsp RaphaelDean &nbsp 2016/10/11 19:27 &nbsp &nbsp
Needs a way to group my portfolio stocks into custom groups such as ones I'm day trading, and ones I want to go long on. Also needs way to see the original price I bought a stock for. Add these simple features and I will rate 5 stars. Update: they added overall gain loss sort which was a huge improvement
&nbsp GregoryDunbar &nbsp 2016/10/11 19:27 &nbsp &nbsp
Easy, fast, and simple to use. Like the color differences along with the direct info given for each stock. Also like related articles given and lows and highs. Best part is that it is free and they trust you with instant trading and the new gold feature with no interest.
&nbsp DrewGay &nbsp 2016/10/11 19:27 &nbsp &nbsp
I love the app. I have never traded before in my life. The reason for only three stars? It has one big achille's heel. No trailing stop orders. It makes you a slave to the app in a way. I have been reading and learning and as a defencive contrarian investor a combo of stop loss and trailing stops are essiential for profit locking and investment protection. When they add those features i will be singing praises of them. Robinhood gold is too risky for me without trailing stops.
&nbsp JeremyBlacane &nbsp 2016/10/11 19:27 &nbsp &nbsp
I haven't used a lot of other trading apps, mainly because of the high costs associated with trading. RH of a great app and with the new Gold packages and instant transfers it's getting better all the time.
&nbsp WillSlade &nbsp 2016/10/11 19:27 &nbsp &nbsp
It wants me to take a photo of my legal ID. When I try to do it the camera just freezes and I can't even send anything. After trying over and over I finally was able to take a photo. Then I had to wait over a week for them to tell me the photo isn't clear enough. Well I tried to message them several times and all I get is a stupid message saying here is your account number thank you. Anyways they want me to take a picture of my ID again but it just freezes. This app sucks and their service sucks.
&nbsp EdwardDewey &nbsp 2016/10/11 19:27 &nbsp &nbsp
This trading platform saved me at least $12000 a year in trading fees. I hope they will stay for years to come. Negative issue is NO SHORT SELL. Hope they will implement that in the near future.
&nbsp anthony_trinh &nbsp 2016/10/11 19:27 &nbsp &nbsp
Free transactions are a dream for new traders like me. Don't have to worry about making a bad trade and losing the extra $10 on top.
&nbsp BenjaminTeuchert &nbsp 2016/10/11 19:27 &nbsp &nbsp
One of the great initiative of our present time. I am so happy to use this app to make money without any fee, any commission to brokerage. I'll be more than happy if RHood can add a little better chart & Asking price & Bitting price. Hoping will get that soon. Thank you RH...
&nbsp JALAL_U._LITON &nbsp 2016/10/11 19:27 &nbsp &nbsp
Robinhood is by far the best trading app around at the moment. This no frills trading company gives you easy access to the stocks that you want to trade. Unlike competitors such as Scottrade there are no fees per transaction so you are free to diversify your portfolio as much as you want. The app is free and is very open about how they money. There is a Gold pay version with some nice perks, however it has no bearing on the base program. I do wish there was a computer access portal however that may change.
&nbsp XanderJ &nbsp 2016/10/11 19:27 &nbsp &nbsp
I don't rate things much but I really like this app so easy to use. Well Done Update....still love this app however it is a bit addicting. I love being able to buy stock in small quantities, I am building up some some savings and having fun doing it. If you want to play in the stock market a little I highly recommend this app.
&nbsp MarkGates &nbsp 2016/10/11 19:27 &nbsp &nbsp
It would be great if we could actually have some reference points on the graphs. And it would be nice to have the ability to short stocks . You could just make users pay when they do shorts
&nbsp TylerGibbs &nbsp 2016/10/11 19:27 &nbsp &nbsp
Very easy to use. No fees makes it more welcoming to first time investors. Glad I got it.
&nbsp JoshuaCarmichael &nbsp 2016/10/11 19:27 &nbsp &nbsp
Just about the app, not the service: This app shows off Android about as well as any -- it's beautifully done. The service seems pretty neat also, but I haven't used it long enough yet to fully assess.
&nbsp ChristopherCarr &nbsp 2016/10/11 19:27 &nbsp &nbsp
Hi Christopher, Thanks so much for your kind words! Building a great app for customers like you is what keeps us going. :) If you have any more love to share, we'd love for you to send us your Robinhood story by emailing [email protected]. Let us know if you have any questions and have a great day!
ChristopherCarr 2016/10/11 19:27

Legal gambling. Invested in value stocks just to see what would happen. Not for serious traders. Good way to learn about the market.
&nbsp CoreyLeCureux &nbsp 2016/10/11 19:27 &nbsp &nbsp
No 3 day hold on your money no charges you get all the prophet it's a win win I'm at 1.4% intrest in the first week will Update my status
&nbsp JustinStone &nbsp 2016/10/11 19:42 &nbsp &nbsp
Easy to use and intuitive, but limited charts and historical information. Need to have other sources instead of just the app
&nbsp john_mathew &nbsp 2016/10/11 19:42 &nbsp &nbsp
Truly free trading of top name stocks is just what I was looking for and this is the only app that delivers it! Trades in real-time with no delays. Works just as I hoped, thank you!
&nbsp R.Wheeler &nbsp 2016/10/11 19:42 &nbsp &nbsp
This app does not include countless fancy features but it performs well and fulfils its purpose
&nbsp JeremyPowers &nbsp 2016/10/11 19:42 &nbsp &nbsp
Weather a beginner or expert trader, this app is great for managing, purchasing and selling stocks. The information provided is spot on and the options for how you manage and trade are excellent. Great app!
&nbsp MadkinKelly &nbsp 2016/10/11 19:42 &nbsp &nbsp
Show me my history with a stock (time and price of purchases/sales) on that stock's page, not just in the history tab. That's the only improvement I can think of.
&nbsp DanaduPuis &nbsp 2016/10/11 19:42 &nbsp &nbsp
Love this app, love how easy it is to buy and sell! I totally recommend it.
&nbsp JoshuaBaker &nbsp 2016/10/11 19:42 &nbsp &nbsp
Sold my shares with no reason at all. Gave me an hour notice saying they needed to sell some shares at a lose. Asked why been over a week still haven't heard anything. Must be how they make their money control. Bid and ask is delayed by a few minutes.
&nbsp MattHardin &nbsp 2016/10/11 19:42 &nbsp &nbsp
Sleek, simple, and very user friendly! This app has a lot of potential. Can't wait to see what features and updates will be added next.
&nbsp rodge_williams &nbsp 2016/10/11 19:42 &nbsp &nbsp
RH has a low cost competitive platform. Get in the game and make some $.
&nbsp JohnJackson &nbsp 2016/10/11 19:42 &nbsp &nbsp
This app works beautifully but it did take a while to get my account to get approved. Worth the wait though!
&nbsp NavjotGill &nbsp 2016/10/11 19:42 &nbsp &nbsp
It is very easy to use. Love the notifications when the stocks I am interested goes up or down significantly
&nbsp NedimYel &nbsp 2016/10/11 19:42 &nbsp &nbsp
Great app to do any trading or investing. It is just what I have been wanting for years. Free transactions!
&nbsp ReidBland &nbsp 2016/10/11 19:42 &nbsp &nbsp
Easy to use with a sleek design and simple menu. Absolutely love this app.
&nbsp AndrewK &nbsp 2016/10/11 19:42 &nbsp &nbsp
Easy to use great for entry level investors wish they had a little more customizable graphs though
&nbsp TrevorKrieger &nbsp 2016/10/11 19:42 &nbsp &nbsp
Great app that makes it easy to do some day trading and make a few extra dollars.
&nbsp RoyCoffin &nbsp 2016/10/11 19:42 &nbsp &nbsp
Buy and sell without fees! You can literally make a living from your phone.
&nbsp TylerFeldstein &nbsp 2016/10/11 19:42 &nbsp &nbsp
Every stock trader should be using this, period.
&nbsp KyleJ &nbsp 2016/10/11 19:42 &nbsp &nbsp
I just wish there were a desktop version!
&nbsp NicholasJohnson &nbsp 2016/10/11 19:42 &nbsp &nbsp
Put your money in stocks rather than savings! Learn to build upon your assets!
&nbsp BenKappler &nbsp 2016/10/11 19:42 &nbsp &nbsp
30% return to capital in 3 months, hire me Goldman Sachs
&nbsp EricChen &nbsp 2016/10/11 19:42 &nbsp &nbsp
Real stock trading with real money, but for free! Can't beat it
&nbsp DuncanPloetz &nbsp 2016/10/11 19:42 &nbsp &nbsp
Nice app with no hidden fees and handles basic trading well
&nbsp SrinadhB &nbsp 2016/10/11 19:42 &nbsp &nbsp
Very Detailed for my needs closing my acorn account thank you so much
&nbsp MarkSingleton &nbsp 2016/10/11 19:42 &nbsp &nbsp
Had everything I need to invest and attain some great information.
&nbsp guest &nbsp 2016/10/11 19:42 &nbsp &nbsp