Robinhood Review 2023 (Expert Review)

Robinhood Review Summary

Robinhood is an online brokerage company that lets you buy and sell stocks. The app allows you to search for stocks by name, compare them to others in their category, and pay in either dollars or shares. Once you've made a deposit, you can set up recurring investments, set price limits, and review stocks before you purchase them. Another concern for investors is whether the platform is safe to use. There are many risks associated with trading, especially if you're using margin loans. If you're new to investing, you might want to avoid margin lending and consider other investment options. There are numerous financial advisors who recommend that you be careful.

Robinhood review
Robinhood Platform Features

Robinhood main features and highlights
๐Ÿ—บ๏ธ Country of regulation Securities and Exchange Commission (SEC), Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee No
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit $0
๐Ÿ•– Time to open a Robinhood account 1. *A Robinhood demo account can be opened in a few minutes, but live Robinhood trading account creation times will vary depending on how long it takes to process your Robinhood KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 4
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered U.S. Exchange-Listed Stocks and ETFs, Options Contracts for U.S. Exchange-Listed Stocks and ETFs

Robinhood review
Robinhood Financial Regulation

Robinhood is regulated by Securities and Exchange Commission (SEC), Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).

Robinhood review
Robinhood Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Robinhood include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Robinhood can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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Robinhood Advantages

One of the main advantages of using Robinhood is around the clock service and support as well as research offerings. Not only this, but Robinhood has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Robinhood with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Robinhood makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Robinhood offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • Robinhood offers Stock Trading
  • Robinhood offers Cryptocurrency Trading (Availability subject to regulation)
  • Robinhood offers PayPal as a payment method
  • Robinhood offers Bitcoin Trading
  • Robinhood offers Hedging
  • Robinhood does not have inactivity fees

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Robinhood Disadvantages

Although Robinhood has a lot of good points Robinhood does not offer the below.

Robinhood Review Risk Warning: Your capital is at risk.

Robinhood Review

Robinhood review
Things to understand when trading with Robinhood

Online trading on trading platforms like Robinhood have seen huge growth in the last 3 years. Trading with Robinhood requires that you take the time to learn how financial markets work and are able to trade with Robinhood using in depth technical analysis and Robinhood risk management trading tools. Trading with Robinhood involves risk. You should only risk capital with Robinhood that you can afford to lose. Understand your risk tolerance with Robinhood, and have a trading strategy that Robinhood is able to help you execute. Robinhood is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Robinhood give you access too.

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Robinhood Trading Fees

Trading fees on Robinhood are taken in the form of the spreads Robinhood offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Robinhood. Robinhood fees vary depending on the financial instruments traded and can include, Robinhood overnight funding fees, spreads, margins and Robinhood inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Robinhood account charged by your 3rd party payment provider if your Robinhood base currency is different from your Robinhood withdrawal method.

NameRobinhoodIC MarketsRoboforex
Account FeesNoNoNo
Withdrawal FeesNoNoYes
Deposit FeesNoNo
Inactivity FeeNoNoNo
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Losses can exceed deposits
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Robinhood Financial Instrument Fees

Robinhood fees for U.S. Exchange-Listed Stocks and ETFs, Options Contracts for U.S. Exchange-Listed Stocks and ETFs are listed below.

Robinhood review
Robinhood Stock Trading Fees

The majority of Robinhood trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Robinhood stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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Robinhood Forex Fees

Commission on Robinhood Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Robinhood Forex fees is based on their trade size. To calculate Robinhood Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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Robinhood Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. Robinhood cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Robinhood cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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Robinhood Non Trading Fees

Robinhood non-trading fees include a variety of Robinhood brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the Robinhood trading platform. The most common non-trading fees include Robinhood withdrawal fees, Robinhood deposit fees and Robinhood inactivity fees.

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Robinhood Deposit Fees

Robinhood does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, Robinhood does not do this.

Robinhood review
Robinhood Inactivity Fees

Robinhood does not charge traders inactivity fees. Robinhood does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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Robinhood Withdrawal Fees

Robinhood does not charge withdrawal fees. Withdrawals fees vary between Robinhood and Robinhood alternatives depending on where you are located and how much money you are withdrawing.

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Robinhood Account Fees

Robinhood does not charge account fees. Account fees charged differ between Robinhood and other brokers. An account is a fee that Robinhood and other brokers assesses on all accounts for the ability to keep an account on their platform.

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Robinhood Account Opening

The Robinhood account registration process is simple, user-friendly, and quick. Within 1 most Robinhood trading accounts are ready for live trades. Our Robinhood account was validated in 1 day, but live Robinhood trading account verification times will vary depending on the time it takes to process your KYC documents and Robinhood trading account application. A Robinhood demo account can be opened in a few minutes.

Robinhood trading accounts are available in over 190 countries. Robinhood is restricted in the following countries.

Apart from the restricted countries a Robinhood trading account can be opened globally.

The Robinhood trading platform is available for residents in US. Some financial instruments Robinhood offer may be restricted in your country.

  • Fast Robinhood account opening.
  • Robinhood accounts can be opened and KYC can be verified digitally.
  • Robinhood minimum deposit is $0 USD / GBP / EURO.
  • Robinhood trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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Robinhood Deposit And Withdrawal

Robinhood Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD, GBP, EUR, CHF are supported by Robinhood as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

Robinhood offers the following account USD, GBP, EUR, CHF.

When trading make sure your Robinhood trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Robinhood has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameRobinhoodIC MarketsRoboforex
Number Of Currencies4104
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Losses can exceed deposits
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Losses can exceed deposits

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Robinhood Deposit Fees and Deposit Methods

Investors can log in to their Robinhood trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Robinhood trading accounts from an existing bank account or send the funds through a wire transfer or online check.

Robinhood Deposit Fees

Making a deposit on your Robinhood account is free.

Robinhood Deposit Methods

There are several methods through which you can deposit money into your Robinhood account. One can use a credit or debit card and Robinhood accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Robinhood account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Robinhood account.

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Robinhood Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your Robinhood brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Robinhood positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Robinhood account.

Robinhood Fees When Withdrawing Your Account Balance

Robinhood do not charge withdrawal fees. Some withdrawal fees are out of the control of Robinhood and may be due to 3rd party payment providers and your account base currency.

Robinhood Withdrawal Methods

Log into your Robinhood trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Robinhood account to your bank account. To withdraw money from your Robinhood account you can use credit or debit cards. Robinhood processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Robinhood processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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Robinhood Trading Platforms

As there are a number of tradable financial instruments available on the Robinhood trading platform. Before investing in the Robinhood platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Robinhood platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. Robinhood offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on Robinhood is available. Another thing to consider is your financial goals. Make sure that a Robinhood account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Robinhood account. Ensure that Robinhood allows you to focus on the type of trading that you want to focus on.

Make sure Robinhood is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Robinhood, think about how easy it is to use for your personal needs. Does the Robinhood platform offer real-time updates or delayed updates that are more informed? Remember to check if Robinhood is well regulated, and what tradeable financial instruments Robinhood has. Security is very important when it comes to trading with Robinhood.

Robinhood Web Trading Platform

A Robinhood web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Robinhood which acts as a financial intermediary. Robinhood is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the Robinhood mobile trading platform.

Robinhood Apple IOS Trading Platform

A Robinhood iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

Robinhood Google Play Android Trading Platform

A Robinhood Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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Robinhood Mobile Trading User Experience

Robinhood mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Robinhood mobile trading refers to trading using a mobile phone.

Leading brokerages like Robinhood offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Robinhood portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Robinhood. Once you have download the Robinhood trading app, you are ready to begin.

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Robinhood Desktop Computer Trading Platform

A Robinhood computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Robinhood desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Robinhood desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

Robinhood PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using Robinhood. A trading computer with access to a Robinhood PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

Robinhood Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the Robinhood trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Robinhood trading platform is very user friendly and easy to use on a Mac device.

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Robinhood Trading Look And Feel

The Robinhood user interface (UI) is what Robinhood traders will see and interact with first when trading with the Robinhood trading platform. The Robinhood is well designed. The goal of the Robinhood trading UI is to make the Robinhood user's experience easy and intuitive. The Robinhood application has good user experience and a good level of customer satisfaction.

Robinhood Security

Robinhood is a secure trading platform. Robinhood offers traders security via 2 factor authentication, SSL encription when trading with Robinhood. Robinhood trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Robinhood. Rate limitation on Robinhood suspicious account activities is another layer of protection that is provided for Robinhood trading accounts, for example multiple failed login attempts with Robinhood. You have the option to further safeguard your account by using Robinhood Two-Factor Authentication (2FA), which provides an extra layer of security.

The Robinhood trading infrastructure is constantly watched and guarded by a trained team at Robinhood In addition, Robinhood never send sensitive information without first encrypting on the Robinhood trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On Robinhood

Available Robinhood order types. # market, limit, stop, stop limit, Good until end of day / canceled.

Robinhood Market Order

A Robinhood market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Robinhood market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Robinhood market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

Robinhood Limit Order

A Robinhood limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

Robinhood Stop Order

A Robinhood stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

Robinhood Stop Limit Order

A Robinhood stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Robinhood stop-limit order triggers a limit order when a stock price hits the stop level. A Robinhood stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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Robinhood Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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Robinhood Trading Platform Features

Online trading platforms like Robinhood are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Robinhood. The Robinhood trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Robinhood.

Robinhood Margin Trading

Robinhood margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Robinhood margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

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Robinhood Account Types

Robinhood Demo Account

Robinhood offers demo accounts that gives traders the ability to purchase and sell Robinhood financial instruments in a practice environment, using fake Robinhood digital money and live market conditions and data. When you practise on a Robinhood demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Robinhood platform. Robinhood demo accounts allow you to experience and practice a variety of market charts, Robinhood trading indicators, and trading strategies using Robinhood.

Robinhood Standard Account

Robinhood offers a standard trading account, allowing Robinhood traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Robinhood trading platform.

Robinhood STP Account

Robinhood STP (Straight Through Processing) account is a Robinhood trading feature that involves sending Robinhood client orders directly to the market without passing them through a dealing desk. A Robinhood STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

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Robinhood Tradable Financial Instruments

Robinhood tradable financial instruments are the financial instruments that are specifically available to trade on the Robinhood trading platform. This refers to the different types of financial markets you can trade with through Robinhood. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Robinhood.

NameRobinhoodIC MarketsRoboforex
CFD TradingNoYesYes
Stock Markets5000210053
Fractional SharesNoYes
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Losses can exceed deposits
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Losses can exceed deposits

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Robinhood Trading Stocks

Stock trading with Robinhood is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Robinhood; if you possess the stock on Robinhood, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on Robinhood involves purchasing and selling stocks and share using Robinhood periodically in order to time trades against the stock markets, with the aim of using Robinhood to profit from your stock trading. Robinhood stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Robinhood. Stock traders on Robinhood conduct significant study, frequently dedicating several hours every day to market monitoring using Robinhood trading tools.

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Robinhood Trading ETFs

What Are ETFs

Robinhood offers ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

Robinhood does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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Robinhood Trading Cryptocurrencies

Robinhood offers cryptocurrency trading.

Cryptocurrency trading can be conducted using Robinhood to buy and sell the cryptocurrency financial instruments on Robinhood. Cryptocurrency trading can also be done using a cryptocurency CFD Robinhood trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using Robinhood. A CFD is a high risk leveraged trade between the trader and the Robinhood brokerage. No underlying assets are exchanged with a Robinhood CFD contract, it is purely speculation on the crypto financial instruments price movements with Robinhood. Robinhood CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if Robinhood CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with Robinhood. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with Robinhood.

Cryptocurrency trading is not offered by Robinhood, so you will need to find a Robinhood alternative that allows you to buy and sell the underlying cryptocurrency assets. Robinhood CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Robinhood alternative and make sure you undertand the risks fully before trading.

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Robinhood Forex Trading

Forex trading with Robinhood is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Robinhood. The main aim of Robinhood Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Robinhood. As a Robinhood Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Robinhood. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Robinhood. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Robinhood.

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Robinhood Commodities Trading

Commodity trading is a type of trading available on Robinhood where individuals or businesses buy and sell financial instruments using Robinhood related to commodities, such as metals or oil.

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Robinhood Options Trading

Robinhood options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Robinhood option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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Robinhood Futures Trading

Futures trading with Robinhood is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Robinhood to facilitate the trade. A Robinhood futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Robinhood. Typically, futures contracts are traded on an exchange such as Robinhood; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Robinhood trader to the contract agrees to provide it.

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Robinhood Bonds Trading

Bonds trading on Robinhood is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Robinhood trader. Bonds can be bought and sold on Robinhood after they are issued. While some bonds are traded publicly through Robinhood, most trade over-the-counter between large broker-dealers like Robinhood acting on their clients' or their own behalf. Yield is therefore based on the Robinhood purchase price of the bond as well as the coupon.

Robinhood CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameRobinhoodIC MarketsRoboforex
Forex CFDNoYesYes
Index CFD2530
Stock CFD1108400
Commodity CFD2020
Crypto CFDYesYesNo
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Robinhood Trading Research Tools

Taking advantage of Robinhood trading research tools which are designed to help traders analyse potential investments using the Robinhood trading platform. Some Robinhood research tools include charts, technical analysis, and Robinhood trading indicators.

Robinhood Trading News

Traders can follow the markets and make wise investment decisions on Robinhood by using the news to help form a strategy when it comes to choosing investments. A Robinhood news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

Robinhood Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Robinhood economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

Robinhood Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Robinhood fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

Robinhood Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Robinhood are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

Robinhood portfolios

Trading portfolios are useful when trading with Robinhood.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A Robinhood trading portfolio is a traders collection of investments, which may include a variety of Robinhood financial instruments.

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Robinhood Payment Methods

A Robinhood payment method is required to fund your Robinhood trading account before placing a buy or sell order on a financial instrument.

When trading with Robinhood, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Robinhood do not have any control over.

NameRobinhoodIC MarketsRoboforex
Payment MethodsACH Transfer, Apple Pay, Credit Card, Debit Card, Google PayBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Losses can exceed deposits
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Losses can exceed deposits

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Robinhood Withdrawl Methods

When trading with Robinhood at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Robinhood account balance. Robinhood may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your Robinhood account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

Robinhood Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Robinhood account.

Withdrawal requests can take up to three business days to be processed by Robinhood.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your Robinhood should arrive in less than 24 hours.

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Robinhood Customer Support

Customer support represents the resources within the Robinhood company that provides technical assistance to its customers after they use the Robinhood service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

Robinhood offer email, livechat, phone, customer support.

Robinhood Email Support

Robinhood offers email support.

Email support is a a convenient method of Robinhood customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Robinhood regarding your support request.

Robinhood Livechat Support

Robinhood offers livechat support.

Robinhood live chat support is a way for customers to obtain help from Robinhood through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

Robinhood Telephone Support

Robinhood offers telephone support.

Robinhood telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the Robinhood call centre to give or take information.

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Robinhood Educational Resources

Robinhood educational resources are used throughout the Robinhood learning environment to help and assist with customer's development and learning of trading on Robinhood. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Robinhood trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

Robinhood Trading Platform Tutorials

Robinhood offer a range of learning resources and tutorials and guides made available to registered Robinhood users. The Robinhood guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Robinhood users on basic trading principles.

Robinhood Trading Videos

Robinhood offer a selection of online trading videos.

Trading videos on Robinhood help new and even more experienced investors gain insights into Robinhood technical analysis tools and how the different financial markets work when trading on Robinhood.

Robinhood trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some Robinhood training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Robinhood to trade live financial markets.

Robinhood Webinars

Robinhood offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Robinhood clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Robinhood trading platform.

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Robinhood Financial Regulation When Trading

Financial regulations on Robinhood protect consumers' investments. Regulations prevent financial fraud and limit the risks that Robinhood as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Robinhood financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is Robinhood Regulated?

Robinhood is regulated by Securities and Exchange Commission (SEC), Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).

Robinhood is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Robinhood are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Robinhood investors, directly with financial regulators in your country.

Robinhood Regulatory Protection Limits

When registering with Robinhood you must check with regulatory body your Robinhood trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Robinhood account is over seen by. Robinhood client funds are stored in segregated 3rd party bank account in accordance with Robinhood financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

Robinhood Trading Signals

Robinhood does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does Robinhood make money?

Because Robinhood acts as an intermediary, Robinhood gets compensated on buy and sell transactions of financial instruments. As a result, Robinhood profit is determined by the volume and number of transactions. Robinhood earns revenue to fund their Robinhood platforms and wide range of trading services through market spreads.

Can you buy shares on Robinhood?

Robinhood provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here.

Does Robinhood offer Cryptocurrency?

Robinhood does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.

Robinhood Lower fees, lower costs?

Robinhood have reasonable trading fees and costs. Robinhood may charge a deposit fee. Robinhood may charge a withdrawal fee. Some withdrawal fees are out of the control of Robinhood and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

Robinhood minimum deposit is $0 USD / GBP / EUR.

How to start your Robinhood account?

You can sign up for a live or demo Robinhood trading account by visiting Robinhood and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Robinhood account here.

How's the Robinhood trading app?

Robinhood allow traders to trade financial markets on iOS, Android and Windows supported mobile devices.

You can tryout the Robinhood trading app here.

Is the quality of Robinhood customer service satisfactory?

Robinhood have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

Robinhood is a good trading platform for new traders as Robinhood offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from Robinhood?

Robinhood offer a good selection of withdrawal options. Once Robinhood have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best Robinhood Alternatives Reviews

If Robinhood isnt quite what you are looking for you can check out some of the best Robinhood alternatives below.

Best Robinhood Alternatives In Detail

If you would like to see Robinhood compared agains some of the best Robinhood alternatives available right now you can do so by clicking on the links below.

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Ashly Chole - Senior Finance & Technology Editor

Robinhood Review 2023 (Expert Review) guide updated 25/03/23