Commission-free Stock Trading & Investing App | Robinhood (2024)

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911) and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Robinhood Gold is offered through Robinhood Gold, LLC (“RHG”) and is a subscription offering premium services available for a fee.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.

All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911) and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Robinhood Gold is offered through Robinhood Gold, LLC (“RHG”) and is a subscription offering premium services available for a fee.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.

Commission-free Stock Trading & Investing App | Robinhood (2024)

FAQs

Is commission-free trading really free? ›

Commission-free trading is a transaction type that allows you to buy and sell stocks, options, and exchange-traded funds (ETFs) without having to pay commissions to your broker. Depending on your brokerage, commissions might make up only a part of overall trading fees.

Is there a catch to free stock trading? ›

The payments for order flow used by brokerages to make money from commission-free trades may result in lower quality order execution, leading to slightly higher buy prices and marginally lower sell prices.

What trading apps have the lowest commission? ›

Fees and charges comparison between trading apps
PlatformTrading FeesCurrency Conversion Fees
DegiroLow0.25%
eToroLowAverage
FinecoLowFree
FreetradeNo0.45%
7 more rows
Jul 23, 2024

How do you make money from stocks everyday? ›

Day trading is a strategy that involves buying and selling financial instruments at least once within the same day, attempting to profit from small price fluctuations. This approach can be lucrative, but it can also be risky if undertaken without a thoughtful strategy.

What is the best commission free trading app? ›

List of The Top 10 Trading Apps in India
NamesTop FeaturesFees (Per Trade)
Paytm MoneyZero commission on direct mutual fundsRs.15
Zerodha KiteHas all the stock trading optionsRs.20
Angel OneBuying and selling of stocks is fasterRs.20
Upstox AppBest for instant investingRs.20
6 more rows

What is the best stock trading platform for beginners? ›

Summary: Best Brokers for Beginners
CompanyForbes Advisor RatingBest For
TD Ameritrade4.6Best Online Broker for Beginners
Fidelity Investments4.4Runner Up, Best Online Broker for Beginners
Charles Schwab4.3Best Online Broker for Customer Service
Fidelity Investments4.4Runner Up, Best Online Broker for Customer Service
4 more rows
Aug 29, 2024

Can you cash out free stocks? ›

You can sell the free stock once it has settled in your account. The proceeds from the sale can then be used to invest in other stocks or withdrawn as cash.

How to trade stock with no money? ›

Robinhood provides free stock, options, ETF and cryptocurrency trades (but no bonds or mutual funds), and its account minimum is $0, too. Robinhood Gold offers a high interest rate on uninvested cash and low margin rates.

Is Robinhood really commission free? ›

Investing with a Robinhood investing account is commission free. We don't charge you fees to open or maintain your account.

What is the best free stock market app? ›

The Best Free Stock Trading Apps
  • Charles Schwab: Best overall free stock trading app.
  • Fidelity Investments: Best trading app for index funds.
  • SoFi Invest®: Best for beginners.
  • Webull: Best trading apps for options trading.
  • Robinhood Investing: Best trading apps for active trading.
Aug 30, 2024

Which trading app does not charge fees? ›

Shoonya is India's most trusted zero-commission trading App that offers cutting-edge financial tools for hassle-free trade in Stocks, Futures & Options, Mutual Funds, IPOs, Equities, Derivatives (F&O), Currencies, Commodities, Bonds, and ETFs.

Can you make $1000 a day in the stock market? ›

In order to make $1,000 a day by day trading, you have to have a lot of money — or margin — to start with. Rare (if not extinct) is the stock that doubles its price in a single day. Even a price increase of 10% in a single day is very uncommon.

How much stock to make $1,000 a month? ›

Invest in Dividend Stocks

A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.

How much money do I need to invest to make $3,000 a month? ›

If the average dividend yield of your portfolio is 4%, you'd need a substantial investment to generate $3,000 per month. To be precise, you'd need an investment of $900,000. This is calculated as follows: $3,000 X 12 months = $36,000 per year.

Why is free trading on Robinhood not really free? ›

We don't charge you fees to open or maintain your account. However, the following regulatory organizations charge Robinhood fees for trading that we do pass on to you to cover our costs: The Financial Industry Regulatory Authority (FINRA) charges a regulatory transaction fee and trading activity fee for sell orders.

Does Freetrade take commission? ›

With Freetrade all investments are commission-free, whether that's US, UK or European stocks, fractional shares, ETFs, investment trusts or REITs.

Is Freetrade actually good? ›

Benefits of Free Trade Areas

Producers can acquire a greatly expanded market of potential customers or suppliers. Free trade areas can also encourage economic development in countries as a whole, benefiting some of the population through increased living standards.

Is Etrade really commission free? ›

Standard commissions for stock and options trades are $0 (plus an additional $0.65 per options contract).

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