What it is
Robinhood offers commission-free trading of US stocks, ETFs, options and crypto, IRAs with a contribution match, and a paid Gold tier with higher cash interest. A UK stock-trading product has launched.
Who it suits
US retail investors who want a simple mobile-first broker.
Regulation and protection
US broker-dealer regulated by the SEC and FINRA.
How it charges
No commissions on stocks, ETFs and options; revenue comes from payment for order flow, margin interest and the paid Gold tier, which raises cash interest and the IRA match.
Getting started
Sign up in the app with US identity details and link a bank account. Instant deposits let you invest before the transfer settles.
At a glance
- Stock commission
- Commission-free
- ISA / tax wrapper
- IRA (US)
- Fractional shares
- Yes
- Crypto
- Yes
- Headquarters
- Menlo Park, California
- Founded
- 2013
Strengths
- No commissions
- IRA match
- Simple app
Watch for
- Payment for order flow model
- Fewer research tools
Readers ask2 questions answered
Does Robinhood pay interest on cash?
Yes, with a higher rate on the paid Gold tier.
Is Robinhood available in the UK?
A UK stock-trading product launched for US shares; features differ from the US app.
How it comparesIts standing in 1 comparison
Best for simple commission-free trading
- Stock commission
- Commission-free 3 of them share this
- ISA / tax wrapper
- IRA (US) 5 of them share this
- Fractional shares
- Yes 6 of them share this
- Crypto
- Yes 3 of them share this
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