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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/

Author Topic: Robinhood  (Read 16266 times)

Offline benjie1305

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Robinhood
« on: December 25, 2014, 08:33:14 AM »
I was seeing and reading a lot about Robinhood in different parts of DDF and figured that it makes sense to give it its own topic.

As it just came out of BETA, and is the newest commission free stock trading platform for mobile devices, I feel like there will be lots of talks about how it will fare, how people tend to use it and what peoples experience/issues with it are going to be.
Work hard, Play harder!

Offline ShlockDoc

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Re: Robinhood
« Reply #1 on: December 25, 2014, 11:20:35 AM »
There are A LOT of people ahead of me in the reservation queue.

Offline MAJ

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Re: Robinhood
« Reply #2 on: December 25, 2014, 01:37:44 PM »
How does one figure out how much they charge on a margin Account?
For example, if I wanted to buy 20 stocks to day trade on margin I can buy them on motif investing and pay a flat fee on $10 in and $10 out or use robin hood and pay a margin fee, which is cheaper?

Offline 12HRS

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Re: Robinhood
« Reply #3 on: December 25, 2014, 06:55:11 PM »
Anyone know if they will let you make he account an Ira or Roth ira

Offline Ephraimh

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Re: Robinhood
« Reply #4 on: December 25, 2014, 07:01:29 PM »

There are A LOT of people ahead of me in the reservation queue.
1 invite left
PM if you need

Offline Ephraimh

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Re: Robinhood
« Reply #5 on: December 25, 2014, 07:09:00 PM »

Offline killamatic12

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Re: Robinhood
« Reply #6 on: January 01, 2015, 04:36:59 PM »
I would like to start day trading. Can anyone give me tips on the best way to learn the basics of regular stock trading as well as currencies. I'm sure like trading for dummies or something. I would probably look into that but I tend to learn by seeing as opposed to reading. I was thinking of buying an online course from bullsonwallstreet.com, any ideas?

Offline madopo

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Re: Robinhood
« Reply #7 on: January 02, 2015, 03:36:57 AM »
There are A LOT of people ahead of me in the reservation queue.
+ 1,000,000 :)

Offline madopo

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Re: Robinhood
« Reply #8 on: January 02, 2015, 03:40:04 AM »
I would like to start day trading. Can anyone give me tips on the best way to learn the basics of regular stock trading as well as currencies. I'm sure like trading for dummies or something. I would probably look into that but I tend to learn by seeing as opposed to reading. I was thinking of buying an online course from bullsonwallstreet.com, any ideas?
I'm sure there is a different forum for this, that said, a successful day trader recommended "Reminiscences of a Stock Operator" Amazing book. Not a course though.

Offline aj26

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Re: Robinhood
« Reply #9 on: January 02, 2015, 07:47:39 AM »
I would like to start day trading. Can anyone give me tips on the best way to learn the basics of regular stock trading as well as currencies. I'm sure like trading for dummies or something. I would probably look into that but I tend to learn by seeing as opposed to reading. I was thinking of buying an online course from bullsonwallstreet.com, any ideas?

Get a real job

Offline ShlockDoc

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Re: Robinhood
« Reply #10 on: January 02, 2015, 09:13:43 AM »
I have a few invites. PM me your email and I'll send them out.

Offline killamatic12

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Re: Robinhood
« Reply #11 on: January 02, 2015, 09:29:34 AM »
I'm sure there is a different forum for this
I was going to also post this in "stocks" forum but then I read the rules: no double posting so I just decided to leave it here

Offline Oceanblue

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Re: Robinhood
« Reply #12 on: January 12, 2015, 01:27:40 PM »
I just got my invite.  Waiting on the deposit from my checking account. 
What I did to jump ahead of the queue was to refer using temporary email addresses. Just google temporary email and you'll find plenty that last 10-30 minutes long. Make a bunch of temporary emails for your referral link and I jumped 300,000 spots down to 50 this weekend, then got the invite this morning.

Offline killamatic12

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Re: Robinhood
« Reply #13 on: January 12, 2015, 04:12:16 PM »
I just got my invite.  Waiting on the deposit from my checking account. 
What I did to jump ahead of the queue was to refer using temporary email addresses. Just google temporary email and you'll find plenty that last 10-30 minutes long. Make a bunch of temporary emails for your referral link and I jumped 300,000 spots down to 50 this weekend, then got the invite this morning.
genius lol

Offline Palm5

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Re: Robinhood
« Reply #14 on: January 12, 2015, 04:55:33 PM »
Keep in mind...... If you have some basic experience in trading, you will know that the $10 saved is not worth it for the following reasons.

1) no margin yet
2) full 3 day settlement (some brokers count trade date as one day)
3) no OTCbb trading yet
4) no options
5) no level 2

So for those that want to trade only mid-large cap stocks, and have plenty of money in the account to hold you over through the settlement period, this is for you.

For those that realize the $10 saved is not a savings at all...... This is not for you.

With that being said, I do use robinhood but for stocks that I'm holding mid to longer term.

Offline SMS331

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Re: Robinhood
« Reply #15 on: January 28, 2015, 11:54:08 PM »
Just got 3 more referral links. PM if interested.

Offline SMS331

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Re: Robinhood
« Reply #16 on: March 02, 2015, 02:14:24 PM »
I have 3 more invites if anyone's interested.
PM me for the referral link.

Offline Shmelly

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Re: Robinhood
« Reply #17 on: March 06, 2015, 10:26:48 AM »
Just got my invite but I don't have IOS. (Was hoping it would be released for android by the time I got my invite.) Invite expires in 2 days so post here if you want it and I'll PM you the invite.
You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. - Dr. Seuss

Offline springles

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Re: Robinhood
« Reply #18 on: March 06, 2015, 10:56:45 AM »
Just got my invite but I don't have IOS. (Was hoping it would be released for android by the time I got my invite.) Invite expires in 2 days so post here if you want it and I'll PM you the invite.
you can sign up now without the app and then just wait till the android or web version to trade

Offline Shmelly

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Re: Robinhood
« Reply #19 on: March 06, 2015, 12:10:48 PM »
you can sign up now without the app and then just wait till the android or web version to trade
Thanks! Offer's off the table guys.
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