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Robinhood is a new stock brokerage platform.

It offers its services with $0 commission for US Stocks and ETFs and also has a $0 minimum deposit. Currently only US residents can use it and must therefore download the App from the App store. They plan on releasing it for Android in the near future.

They do have ways to make money, specifically:

For customers who choose to upgrade to a margin account, Robinhood will collect interest from margin lending.
In addition, Robinhood will earn a portion of the interest generated by uninvested customer cash deposits. The total interest earned is variable and based on the Federal Funds rate.

How your money links up with Robinhood:

You can link your personal bank account to your Robinhood account. You may transfer funds between your accounts using ACH transfers, and then use those funds to buy and sell stocks.

Most of this is taken from their website which can be found here >> https://www.robinhood.com/
« Last edited by benjie1305 on December 25, 2014, 08:46:22 AM »

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Offline Arejay

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Re: Robinhood
« Reply #60 on: December 16, 2018, 09:33:56 AM »
Quote from: Yehuda25 on December 16, 2018, 12:18:31 AM
Well SPIC in theory would have covered it...

Now it gets murky though, as its not officially designed for that.
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Offline Pad18

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Re: Robinhood
« Reply #61 on: December 17, 2018, 01:26:16 PM »
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Offline ad120

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Re: Robinhood
« Reply #62 on: December 19, 2018, 03:33:57 AM »
Kearny Bank Checking: 3%

Terms

make 10 monthly debit card purchases
sign up to receive eStatements
have at least one direct deposit or automatic payment post and clear your account once a month
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Offline Yehuda25

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Re: Robinhood
« Reply #63 on: December 20, 2018, 12:24:41 AM »
Quote from: ad120 on December 19, 2018, 03:33:57 AM
Kearny Bank Checking: 3%

Terms

make 10 monthly debit card purchases
sign up to receive eStatements
have at least one direct deposit or automatic payment post and clear your account once a month
Lol.

On balances up to 25,000, if account qualifies. Balances over $25,000 earn 0.25% interest rate on portion of balance over $25,000, resulting in 3.05% - 0.25% APY depending on the balance. Non-qualifying accounts receive 0.05% APY. Initial deposit of $50 required to open account.
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Offline Am

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Re: Robinhood
« Reply #64 on: January 27, 2019, 10:03:01 AM »
Anyone else have the issue of not getting your free stock when referring a friend?
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Offline Yehuda25

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Re: Robinhood
« Reply #65 on: January 27, 2019, 11:29:41 PM »
im fighting with acorns for a similar issue...
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Online Mordyk

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Re: Robinhood
« Reply #66 on: April 30, 2019, 10:49:47 AM »
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#TYH

Offline ludmila

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Re: Robinhood
« Reply #67 on: April 30, 2019, 01:00:11 PM »
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Offline stooges44

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Re: Robinhood
« Reply #68 on: February 25, 2020, 12:29:15 PM »
I've never touched anything related to stocks...ever. I truly know nothing about it at all.

A friend that does, suggested I sign up for a free account at robinhood just to play with it for a while and learn the ropes.

Any reason I shouldn't?
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If it's not free shipping it's not worth it.

Offline as2

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Re: Robinhood
« Reply #69 on: February 25, 2020, 12:35:57 PM »
Quote from: stooges44 on February 25, 2020, 12:29:15 PM
I've never touched anything related to stocks...ever. I truly know nothing about it at all.

A friend that does, suggested I sign up for a free account at robinhood just to play with it for a while and learn the ropes.

Any reason I shouldn't?
He's just after your referral :D  Just don't put in any money you don't want to lose. They're a very simple platform, and while I'm sure there are better ones, Robinhood is good for beginers.
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Offline stooges44

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Re: Robinhood
« Reply #70 on: February 25, 2020, 02:06:55 PM »
Quote from: as2 on February 25, 2020, 12:35:57 PM
He's just after your referral :D  Just don't put in any money you don't want to lose. They're a very simple platform, and while I'm sure there are better ones, Robinhood is good for beginers.

Thanks, he didn't even give me a referral link. But, good for beginners is what I was looking to hear.
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