Robinhood Trading App 2017 Review and Overview 📈 COMMISSION FREE



Is Robinhood commission free trading legitimate? Let’s talk about Robinhood, the new app for trading stocks. I have had an overwhelming number of people ask me my opinion on the commission free trading app Robinhood and today I will be doing a breakdown of what the app has to offer, the advantages of Robinhood and the disadvantages of it. First of all, what is Robinhood? It is a US based stock broker that allows individuals to invest in publicly traded companies and ETF’s listed on the US exchanges commission free. The company was founded by Vladimir Tenev and Baiju Bhatt utilizing the HFT algorithms they had built for others. HFT is known as high frequency trading. In a nutshell, HFT can allow for trading firms to effectively pay nothing to place trades and the discount can be passed down to the consumer. Robinhood launched in April of 2013 and by March of 2016 they had reached over one million customers. The app based trading platform is designed for millennial demographics and the average Robinhood user is 26 years old. Here are the ADVANTAGES of trading on Robinhood: Commission free trading. No minimum deposit. Real-time quotation, no delay. Instant fund settlement available. Instant availability of bank deposits. Greater possible diversification. Here are the DISADVANTAGES of trading on Robinhood: No advanced order types (Market, Limit, Stop-loss and Stop-limit only). No dividend reinvestment plan or DRIP. No retirement accounts. Line charts only, no candlestick charts or deep analysis. No real time volume. Robinhood makes money through the Robinhood Gold package. Basically, it allows investors to buy on margin for a set monthly rate, not on interest. This Robinhood Gold package also allows extended trading hours, instant fund settlement and instant availability of bank deposits. All in all, I think Robinhood is an excellent trading platform for beginners. I love everything about it. If you are a beginner looking to get your feet wet in the stock market, trade with Robinhood. However, if you are an experienced trader looking for complex charting and advanced order types, Robinhood is not for you. Robinhood is the trading platform for the common millennial. Website http://www.ryanoscribner.com Follow me on Twitter! https://twitter.com/RyanOScribner Facebook! https://www.facebook.com/ryanoscribner/ Personal Fitness Coaching http://www.ryanoscribner.com/shop Related Videos: Broker Review: Robinhood Trading App https://www.youtube.com/watch?v=17YP6ZGmH44&t=397s Robinhood App: How To Use The Robin Hood Stock Trading App https://www.youtube.com/watch?v=zlpon7Gb9bA ROBINHOOD APP│ Instant vs Cash Account https://www.youtube.com/watch?v=aC83uTV4qxk Related Articles: Robinhood Review 2017 https://www.nerdwallet.com/blog/investing/robinhood-review/ Robinhood Site https://www.robinhood.com/ If this video brought value to you, please leave a like! If you are looking to find out more about anything I discussed, drop me a comment or contact me on Twitter. Subscribe to be updated on my journey through life!

Comments

  1. can you buy stocks or its only for trading? im a new investor. how do i sign up so i can start buying stocks?
  2. Hi Ryan, I'm a big fan of your videos. I know that Robinhood is free for buying stock but I heard that it charges a fee to sell. is that true?
  3. for better brightness try to stand in front of a window, or buy some lights
  4. wish robinhood was in canada
  5. Please don't cut off your head on your videos. Great video otherwise. Robinhood is truly giving the every day person ability to trade. I am amazed!
  6. Been using Robinhood for over a year, saved over 1000$ in trades. I own about 10 stock and I am always increasing my position. I purchased HPQ 18 times in the last year and I am up 22%. I save 126$ on HPQ alone. Best part, you can import your Tax info into Turbo Tax. I also upgraded to Gold and they loan me 2000$ for 10$ a month.
  7. Schwab is 5.99 now ;) they used to be 8.99 in October.
  8. Robinhood is great, another con would be no option trading but I don't trade options anyways
  9. I do have a question about electronic brokers. You said this Robinhood broker is good for beginners and that is easy to use but that is assuming who ever gets the app would be using it a lot. I'm new to buying stocks and I want to buy some stocks in some companies that will probably not turn a profit in 5 to maybe 10 years. I believe in those companies and I 'm willing to wait that long for my return investment. Would you recommend to get this app for that or a well know broker company? Thank you for your time.
  10. I agree RobinHood is a game changer. I am forty and until recently I thought you needed 25k+ to invest in the market.
    In the near future I could see people of all ages investing with RobinHood because its easy and free. And as the millennials build their portfolio they are likely to stick with RobinHood throughout their investing careers because of brand recognition (I'm sure there is data somewhere to support this idea). RobinHood is backed by companies such as, Google ventures, Ribbit Capital, and Index Ventures. Which may indicate they are here to stay.
    What companies do you think will benefit from a large influx of new millennial investors?
    I think an interesting video would be explaining IPO's and the process of acquiring stock pre-IPO. RobinHood is soon to add this feature to their app.
    this a lnk to the article: https://support.robinhood.com/hc/en-us/articles/115000902306-Pre-IPO-Trading
  11. too bad that I do not live in US. I can not open Robinhood account.
    By the way, u make good video! Thanks. Keep going!
  12. You need more light
  13. And I decided to say to hell with my schwab acct. i only trade Robinhood now. Unless schwab offers free commissions in the future
  14. I trade with Charles Schwab and they have actually lowered their Commission fees for stock trading to $4.95. This just changed in the past few months b/c i bought shares back in dec. and payed $8.95 in commissions.i think Robinhood is stealing all the traders so these big brokerage places are forced to lower commissions to try to match Robinhood. But you cant beat FREE! Lol
  15. I just have the Yahoo Finance app open and just can go back and forth if I'm looking for more detailed graphs and info. The Touch ID feature RobinHood offers makes it super easy
  16. Using RobinHood for a year now and it is a game changer. Instant fund settlement is a premium feature of Robinhood Gold. Instant settlement and margin trading are the main features of Robinhood Gold. Funds clear in about 4 days, transfers in or out if your bank account take about 5 days. They also generate monthly PDFs account reports and yearly tax documents. Clearing house is Apex Clearing. The last version added EPS charts too. I also like their price movement notifications which can be set to 5 or 10%, good to discover swing trading opportunities. Lastly they also have corporate actions and earning call notifications if you want to follow up closely on your positions' inner news.
  17. It's because of Robinhood that i'm subscribed to you
  18. Brightness is too low
  19. need to adjust brightness. but good clarity and frame rate.
  20. I've been waiting for your take on Robinhood since I opened an account with them. It's nice getting your take on it. Great video, the video quality was much better although It might be slightly better if you pulled the camera a little farther back. Good luck using them, hopefully we're all successful down the road.


Additional Information:

Visibility: 2414

Duration: 18m 12s

Rating: 180