Review of the Robinhood app, which allows you to trade stocks and invest with no commission fees. Free trading? How do they make money? Subscribe to the Peter Leeds penny stocks channel, for lots of great videos: https://www.youtube.com/user/PeterLeedsPennyStock Overall, the Robinhood free trading app is pretty slick, and gives you the absolute bear bones so that you can buy and sell stocks commission free. There is no minimum balance requirement to open an account, and you can buy a single share of a stock. The Robinhood app also does not allow you to trade any and all stocks. For example, they have about 5,000 investments on their list which the app allows you to buy and sell, but you can not trade OTC and pink sheet penny stocks... yet. The Robinhood app makes money by: 1. getting the interest on any cash held by the Robinhood company 2. charging interest on any money loaned by Robinhood, to the users of the app. While it is not established yet, the company plans on offering margin investing soon. The app seems pretty good, but Peter cautions investors to wait until the Robinhood company works out all the early bugs and problems. . Get More From Peter Leeds: YouTube: https://www.youtube.com/user/PeterLeedsPennyStock HOME = https://www.peterleeds.com/ .... Facebook = http://bit.ly/1t4Tifo Twitter = https://twitter.com/peter_leeds Penny Stocks for Dummies = http://amzn.to/1WyGaLo ... E-Mail: Questions@PeterLeeds.com Phone: 1.866.695.3337 .
Visibility: 8225
Duration: 7m 37s
Rating: 143