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Robinhood Guide – Read our In-Depth Robinhood Review

This Robinhood review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Robinhood review does not apply to US users.

This Robinhood review contains the latest information about Robinhood.

If you're a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will acquire adept at all the concepts of brokerage since you continue trading. For starters, you have to select the ideal broker who will be clear with you constantly.

In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will create hefty returns. Robinhood is one such platform that will take you and your investment to great heights. It's important to understand about Robinhood before you trust them with your money.

Robinhood review

Our full Robinhood Review covers everything you need to learn about trading using Robinhood. A good agent can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.

There is no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you choose them. It's a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.

Robinhood is a broker which has found its way successfully to the brokerage world. In this review, we have attempted to collate some of the vital facets of Robinhood. This review will help you to know whether Robinhood is a good match for your investments or not. We've attempted to breakdown all the features and charges for your advantage.

Robinhood Review, Table Of Contents

Who are Robinhood?

Robinhood is a foreign exchange broker headquartered in USA and provides a range of tools for trading. Since its start in 2013, Robinhood has emerged as a top player in the industry of online brokerage. Robinhood has a highly aggressive and full-featured trading site that is focused on forex, indices, metals, stocks , commodities.

Over the past 8 years, Robinhood has grown into one of the leading online brokers.

After launching in 2013, their client base is becoming as large as 10,000,000+ clients.

Robinhood is the favorite for many dealers because of its negative balance protection. Our Robinhood review discovered that they're an excellent choice for automated trading solutions. They're most appropriate for investors that are searching for an assortment of assets. Social and automated trading options are the heart at Robinhood.

Technology plays a significant role in Robinhood. Robinhood offers trading on Web Trader, Tablet & Mobile apps. Robinhood is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Financial Supervision Commission (FSC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.

The educational department at Robinhood is quite enlightening for new dealers since it permits them to get a closer look at the financial markets. Robinhood caters to all types of traders and are a must-have broker for any well-diversified approach to trading.

Benefits of trading with Robinhood?

Trading with Robinhood comes with numerous advantages. These benefits are what sets Robinhood ahead of the rest of the online agents. You should check all the benefits listed so you have a better comprehension of Robinhood.

The agent goes to great lengths to understand what traders need. Consequently, the support price is low, quick, and convenient. The broker also gives a variety of platforms for all kinds of traders. Robinhood helps to ensure that the individual needs of all online traders are duly met.

Robinhood also includes excellent trading conditions that are available to just an elite class of institutional clients. The tight spreads and fast executions are a fantastic benefit for those traders. The technology embraced by Robinhood is of the highest caliber, ensuring that it is fast, reliable, and effective.

Robinhood admits the significance of owning a fast order execution. A quick execution will allow users to trade without fretting about slippage safely. It is going to also aid the dealers to grab the maximum profitable opportunities.

Automated trading is another important aspect of Robinhood. A new dealer can learn from business experts using the automated trading option. The tight spread starts from as low as 0.0 pips, even though they are available for only razor balances.

Robinhood has over 5000 trading instruments to support all kinds of traders. These tools are lively and suitable for both new and experienced traders. The dealers can set aside all their concerns when trading with Robinhood.

Robinhood overview

Year Founded: 2013

Regulated By: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)

Hedquarters: USA

Minimum Deposit: $0

Number Of Clients: 10,000,000+

Your capital is at risk

If you feel that Robinhood is not right for you then at the bottom of this Robinhood review you wil find a lot of alternatives to Robinhood.

Everything you ought to know about trading using Robinhood

Robinhood is a lively platform that provides various techniques of online trading. These instruments cover the financial markets considerably. The Majority of the brokerage platforms offer less procedures than Robinhood

If you wish to exchange with Robinhood, you will need a minimum deposit of $0. This deposit is required if you want to begin trading using Robinhood. This 2021 Robinhood review will direct you safely about trading with them.

Robinhood is as flexible as another brokerage platform. Robinhood is excellent for traders who want a manageable array of cheap services. The programs offered by Robinhood are third party, white-label offerings. All traders can pick out of Web Trader, Tablet & Mobile apps.

Along with everything, Robinhood has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade must be kept open. The brokers offer premium customer service that rewards clients with advantages.

Many unethical brokers try to pressurise customers into bigger funding for superior services. Robinhood, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will come along.

Robinhood accounts are available around the world and provides quality service wherever they have customers. There are some select few countries where Robinhood accounts are not available. Traders in the following countries cannot open or use a Robinhood account:

Is Robinhood Safe To Trade With?

Established in 2006, Robinhood has been operating for 8 years, they are headquarted in USA.

Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC). These bodies have rules that ensure that trading platforms have steps in place to maintain investor's assets secured. This usually means that Robinhood users don't need to worry about their money as it is segregated and safely kept in banks that are established. SSL encryption secures every user's private information also.

You are able to make use of an option for Two Factor Authentications (2FA) with Robinhood for increased security. An SMS with the verification code will be sent to a phone. You'll be asked to input this code to log into your accounts.

Another concern with fiscal brokers with respect to safety might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is much more widespread in the case of Market Maker brokers who compete with users on the platform.

Pro's & Con's Of Trading With Robinhood

Every online trading platform will have a few ups and downs, and no Robinhood review would be complete without having a balanced approach. This Robinhood review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Robinhood Pro's

  • Robinhood is trusted by 10,000,000+ clients
  • Robinhood offers Negative Balance Protection
  • Robinhood doesn't charge withdrawal fees
  • Robinhood doesn't charge inactivity fees
  • Robinhood doesn't charge deposit fees
  • Robinhood doesn't charge CFD fees
  • Robinhood offer trading on Web Trader, Tablet & Mobile apps
  • Robinhood offer 5000 trading instruments
  • Robinhood offers trading on cryptocurrencies
  • Robinhood can communicate in English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, , Romana, Turkce, ߟ?, ??

Robinhood Con's

  • Robinhood does not offer Guaranteed Stop Loss
  • Robinhood doesn't trade major forex pairs
  • Robinhood doesn't trade minor forex pairs
  • Robinhood doesn't trade exotic forex pairs

Robinhood Review - Compare Brokers Similar To Robinhood

Robinhood Bittrex Twine IG
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $0 $100 $100 $200
Year Founded 2013 2010 2008 1974
Headquarters USA South Korea USA UK
Regulated By Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Unregulated Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Clients 10,000,000+ 10,000+ 10,000+ 178,500+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Robinhood Review - Regulation And Licencing In More Detail

Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).

Robinhood, as a company, has a powerful collection of rules for ensuring honest trading onto its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, client information is never to be shared with some other institutions or individuals. Including credit history and other financial information.

Robinhood Review - Awards

    At the time of writing this Robinhood review, they had not received any awards.

Robinhood Review - Minimum Deposit Required

The minimum deposit you must deposit to begin on Robinhood is $0. This is an adequate amount for those just beginning. You can make more advanced deposits as you cooperate. However, ensure you know how to make the most of your cash before investing in larger amounts.

Robinhood Review - Commission And Fees Explained

Robinhood is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker is not necessarily influenced by the number of customers they have.

But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three types of fees for this purpose.

The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you're paying a spread, financing rate, or even a commission. The sorts of trading charges and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are billed when you maintain a leveraged position for more than daily.

Aside from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake in your account. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.

In general, Robinhood doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who often trade, for example weekly or daily trading.

But, non-trading fees charged by Robinhood are comparatively greater. Consequently, you're billed more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not related to the purchase and sale of resources.

This Robinhood review breaks down each of the applicable non-trading fees for you in detail.

Compare broker fees against Robinhood

Robinhood Bittrex Twine IG
Minimum Deposit $0 $100 $100 $200
Withdrawal Fees No $2 variable No
Inactivity Fees No Yes
Deposit Fees No variable
CFD Fees No Yes (0.1%)

Robinhood Review - Withdrawal Fees Explained

Robinhood doesn't charge withdrawal fees

Withdrawal of money is possible at any moment from your Robinhood account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to keep in mind is that you don't always need to have any money in your accounts.

In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash will be sent to the card. Robinhood will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're choosing to withdraw in.

Robinhood Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with Robinhood. An inactivity fee is an amount charged to registered traders that have not participated in purchasing or selling for some time. The period considered inactive is decided by the agent.

The inactivity fee differs from 1 agent to another and isn't generalized. If a traders account does not have a purchasing or selling trade, it is claimed by the broker as an inactivity charge. The traders need to pay this commission under conditions and terms that they had agreed while registering.

Robinhood doesn't charge inactivity fees so you are free to use your account as needed

Even if no charges are implied by Robinhood, it is best for you to close the account if you're inactive. Inactivity fees are not just charged by broker firms but also many financial services.

For additional trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to many conditions and should be disclosed clearly by the broker beforehand.

Robinhood Review - Deposit Fees Explained

When you move money in your trading account by the bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this particular operation.

Robinhood doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Robinhood trading platform is easy. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll have to provide an identity proof and evidence of residency to deposit substantial amounts.

Robinhood Review - Compare Broker Deposit Methods

Robinhood Bittrex Twine IG
Minimum Deposit $0 $100 $100 $200
Credit Card No Yes
PayPal No Yes
Neteller No No
Skrill No No
Payoneer No Yes

What Can You trade With Robinhood?

Note: Robinhood provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ based on the country of residence of the client.

Robinhood has a wide variety of over 5000 instruments available for you to trade with.

If trading forex pairs is of interest to you then Robinhood offer over 0 currency pairs.

Compare Robinhood, Bittrex, Twine & IG below.

Robinhood Bittrex Twine IG
Platforms Web Trader, Tablet & Mobile apps MetaTrader 4, cTrader Platform iPhone, iPad, Android, Tablet MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
Instruments Available 5000 57 268 10,000
Forex & Crypto
Forex Pairs Available 0 100
Offers Major Forex Pairs? No Yes No Yes
Offers Minor Forex Pairs? No No No Yes
Offers Exotic Forex Pairs? No No No Yes
Offers Cryptocurrencies? Yes Yes No Yes
Commodity CFD's
Commodities Offered 14 0 0 34
Trade Metals? No No No Yes
Trade Energies? No NO No Yes
Trade Agricultural? No No No Yes
Indiced & Stock CFDs
Stocks Offered 5000 0 0 34
Trade UK Shares? Yes No No Yes
Trade US Shares? Yes Yes No Yes
Trade German Shares? Yes No No Yes
Trade Japanese Shares? Yes No No Yes

Your capital is at risk

Your capital is at risk

Your capital is at risk

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Alternatives To Robinhood

If, after studying this Robinhood review, Robinhood does not quite fulfill your needs check out these Robinhood alternatives.

We've scoured the web to find the best alternatives to Robinhood. Click on the links below to find out more.

Frequently Asked Questions about Robinhood

Can I try Robinhood before I buy?

Yes, you can most certainly try Robinhood before you buy. Robinhood provides demo accounts for the ease of beginner traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.

If you sign up to get a demo account on Robinhood, you will set out using a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you until you decide to spend your own money.

With this digital Robinhooddemo account, you are able to experiment at all, to whatever length you wish. You might even start positions, examine different trading approaches, and more.

Robinhood specifies on its official site that you can exchange real time stocks in a demo account.

Is Robinhood safe?

You can drop all of your worries because we believe that Robinhood is completely safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).

Nevertheless, Robinhood doesn't provide assured stop-loss protection.

Why does Robinhood ask for my passport?

The reason that Robinhood asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Robinhood has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Robinhood must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with Robinhood?

The process to start trading withRobinhood is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Robinhood website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Robinhood is $0. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Robinhood.

The best way to kickstart your trading career with Robinhood is to open a demo account facility before risking any real money

What funding methods do Robinhood accept?

There are a number of methods to fund your account with Robinhood. The process is effortless and quick, with various payment methods at your fingertips.

You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal isn't available in all country. The monies Robinhood

Is my money safe with Robinhood?

Yes, your money is safe and secure with Robinhood. As you already know, Robinhood operates with proper conformation to. It's established lots of measures to protect all its own investors.

Robinhood protects its customers' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you wish to further protect your account, it is possible to enable Two-Step Verification as well. It requires an SMS confirmation for you to access your accounts.

Is Robinhood trading good?

Yes, trading through Robinhood is a pleasant and decent experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. Moreover, you could also obtain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.

If you are still skeptical, it is possible to start a eToro demo account and evaluate the credibility of the platform for yourself.

Which Countries does Robinhood support?

Robinhood operates around the world. However, due to regulations there are some countries that Robinhood does not accept clients resident in

Is Robinhood legit?

Robinhood is a legit company headquarted in USA since 2013. They are regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC). Robinhood is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Robinhood a good broker?

Robinhood is an excellent broker, and its own users can vouch for it. The highlight of this platform is its fast order execution on trades.

You will find the clean layout of this platform along with the admirable features a pleasure to work with.

Is Robinhood a trustworthy broker?

Yes, Robinhood is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Robinhood?

The minimum deposit to open a live account with Robinhood is $0

How long do Robinhood withdrawals take?

Normally, withdrawal of money from Robinhood is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Robinhood to show in your bank account.

Are Robinhood regulated?

Robinhood are regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)

Is Robinhood a market leading broker?

Robinhood is currently one of the business leaders. It supports over 10,000,000+ registered customers and over 8 years of expertise on its own record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.

It majorly owes this standing to its incredible platform and wide range of tools plus resources so you may invest in capital markets.

Is Robinhood a con?

No, Robinhood is not a con. They are regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) and must adhere to their rules. Thus, it is safe to say that Robinhood is not a scam.

Can you make money with Robinhood?

Through Robinhood, several traders make a lot of money. However, typically, through continual trading, you also can create between 2% - 10% profit a month.

This may seem like a small number, but within the entire year, this adds to a substantial number of gains. Even though Robinhood provide you all of the tools to make money, they can't guarantee you will profit.

Does Robinhood have fees?

Yes. To begin trading with Robinhood, you need to deposit $0. Particular commissions while trading also applies. Any processing fees from your bank might have to be incurred by you.

When was Robinhood founded?

Robinhood was founded in 2013 in USA. Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).

How many people use Robinhood?

Robinhood is a worldwide recognised broker with 10,000,000+ customers.

Where is the Robinhood head office?

Robinhood has its head office in USA

Does Robinhood offer negative balance protection?

Yes, Robinhood has Negative Balance Protection. It's especially offered when the market volatility keeps clients from letting their account go into the red. In such a scenario, Robinhood offers the ability to reset a clients account balance to zero.

You should go through the important conditions on Robinhood's site to comprehend their policies better.

Does Robinhood offer guaranteed stop loss?

Robinhood unfortunately, doesn't provide guaranteed stop loss. Robinhood gives a chance to its dealers to close their trade at their specified price. Aside from that, Robinhood does not offer guaranteed stop loss.

Does Robinhood allow scalping?

Yes, Robinhood do allow scalping. Several traders across the world select Robinhood due to their services that are trading. They offer trading on Web Trader, Tablet & Mobile apps which let this.

Does Robinhood allow hedging?

Yes, Robinhood does allow hedging.

Can you trade energies with Robinhood?

No, unfortunately you cannot trade energy stock with Robinhood

Can you trade agricultural shares with Robinhood?

No, unfortunately you cannot trade agricultural stock with Robinhood

Can you trade cryptocurrency with Robinhood?

Yes, you can trade cryptocurrency with Robinhood

Can you trade metals with Robinhood?

No, unfortunately you cannot trade metals with Robinhood

Can you trade UK Shares with Robinhood?

Yes, you can trade UK shares with Robinhood

Can you trade US Shares with Robinhood?

Yes, you can trade US shares with Robinhood

Can you trade Japanese Shares with Robinhood?

Yes, you can trade Japanese shares with Robinhood

Can you trade German Shares with Robinhood?

Yes, you can trade German shares with Robinhood

Does Robinhood accept bank transfers?

Yes, Robinhood accepts bank transfers for depositing money.

Does Robinhood accept credit cards?

No, Robinhood does not accept credit cards.

Does Robinhood accept PayPal?

No, Robinhood does not accept PayPal.

Does Robinhood accept Skrill?

No, Robinhood does not accept Skrill.

Does Robinhood accept Payoneer?

No, Robinhood does not accept Payoneer.

Does Robinhood accept Neteller?

No, Robinhood does not accept Neteller.

Does Robinhood offer Live Chat customer support?

Yes, Robinhood offers customer support through live chat.

Does Robinhood offer phone customer support?

Yes, Robinhood offers customer support over the telephone.

Does Robinhood offer email customer support?

Yes, Robinhood offers customer support through email.

What languages can Robinhood communicate in?

Robinhood has the ability to communicate and support customers who speak: English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, , Romana, Turkce, ߟ?, ??

Does Robinhood have a wikipedia page?

No, Robinhood does not have an official wikipedia page.

Does Robinhood offer demo accounts?

Yes, Robinhood offers demo accounts so you can learn their systems before risking any real money.