Robinhood Logo
Written by: Ádám N. Updated: Dec 2022
Expert verified
Recommended for
  • beginners
  • equity trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
414 people chose this broker in the last 6 months
BrokerChooser Score
4.5/5

Robinhood review summary

Robinhood is a US-based zero-commission broker. Robinhood offers commission-free US stock trading without withdrawal and inactivity fees. Its mobile and web trading platforms are user-friendly and well designed. Account opening is seamless, fully digital and fast. It is a good choice for beginner investors. On the downside, Robinhood provides only a limited selection of assets, focusing mostly on the US market. Customer support is available via e-mail only, which is sometimes slow. The educational material lineup is slim. BrokerChooser gave Robinhood a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Robinhood pros and cons

Pros Cons
Free US stock and ETF trading Limited product range
Great mobile and web trading platforms Weak customer support
Fast and fully digital account opening Few educational materials

Robinhood main highlights

🗺️ Country of regulation USA
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Options, Crypto
To read much more details about the broker's services and features, expand on the sections below.

Robinhood review
Fees

4.6
Trading US stocks and ETFs is free at Robinhood. The broker doesn't charge an inactivity or withdrawal fee.
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Robinhood review
Account opening

5.0
The account opening at Robinhood is seamless, fully digital and can be completed within a day. On the negative side, the broker only accepts US clients and IRA accounts are not available.
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Robinhood review
Deposit and withdrawal

1.8
Deposit and withdrawal at Robinhood are free and easy and a great cash management service is available. On the other hand, you can use only bank transfer and deposits above your 'instant' limit may take several business days.
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Robinhood review
Web trading platform

4.5
Robinhood provides a safe, user-friendly and well-designed web trading platform. On the downside, customizability is limited.
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Robinhood review
Mobile trading platform

5.0
The Robinhood mobile platform is one of the best we've tested. It is safe, well designed and user-friendly.
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Robinhood review
Desktop trading platform

Robinhood doesn't have a desktop trading platform.
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Robinhood review
Markets and products

2.9
Robinhood's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos. Furthermore, assets are limited mainly to US markets. During January 2021, Robinhood restricted trading in as many as 50 individual stocks.
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Robinhood review
Research

3.3
Robinhood's research tool comes equipped with trading recommendations, quality news, and some fundamental data. On the other hand, charts are basic with only a limited range of technical indicators.
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Robinhood review
Customer service

2.3
Robinhood's support team provides relevant information, but there is no phone or chat support.
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Robinhood review
Education

0.5
Robinhood provides only educational texts, which are easy to understand. On the negative side, there are no other useful educational tools such as a demo account or tutorial videos.
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Robinhood review
Safety

Robinhood is regulated by top-tier authorities, provides strong investor protection, and discloses its financial information. In addition, Robinhood is listed on the NASDAQ stock exchange.
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Robinhood review
Bottom line

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Robinhood review
FAQ

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Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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