Robinhood - Invest in Stocks, Cryptocurrencies

The mobile app technology has revolutionized almost every sector so why investment field is an exception. The stock market is the new place for making a substantial profit in a short period of time. 

Managing your money and deciding where to invest your money is a difficult task, but these finance mobile apps have made this easy for people. Today we will be sharing an app review of the Robinhood app, which ranks among the top investment apps of the year 2020. 

About the Robinhood app

Robinhood stock trading application is the only mobile app available on the Google Play Store and Apple’s App Store that enables seamless stock share trading and investment. In today’s world, everyone wants to invest in the stock market and be aware of every detail about it.

The Robinhood app eliminates the commission fee for investment and offers an easy and simple way to trade your stocks on the go to make a profit. You can easily boost your investment game with the help of an app. 

The Robinhood trading app is placed with collective options to manage your share stocks without any need for a mediator. This saves you from wasting hundreds of dollars on the commission fee. Along with easy share trading options, the app also offers the latest update to the stock market every second to keep you updated so you don't miss out on any golden opportunity. 

Vlad Tenev, Robinhood's co-CEO, said,

"We can be really proud of not just creating a world where our own customers don't pay commissions, but customers of other brokerages have benefited as well."

Notable features of the Robinhood App

The Robinhood app is changing the traditional way you do the stock exchange business by putting it all on your mobile. Check out these key features that you will surely find in the Robinhood app. 

• Cryptocurrency

You can buy and sell cryptocurrencies like Bitcoin, Dagcoin, and Etherum with the Robinhood crypto trading app. 

• No commission fees, no minimums

Make unlimited commission-free trades in funds and stocks with the Robinhood investing app.  

• Stay informed

The Robinhood trading app helps you to invest in different stocks and also gives real-time market data before buying a stock or investing in something. 

• Simple and intuitive

Tools and information in the Robinhood stock app is provided in such a way that it is accessible to everyone 

• Secure and Trusted

The free trade app uses high-quality security measures to protect investors' assets and personal information. 

What else should you know about the Robinhood app?

After doing rigorous research here are our top takeaways for the Robinhood free stock trading app: 

• Ease of Use - The Robinhood app for Android is best for mobile users because it is a mobile trading platform that includes newsfeeds, customizable alerts and is well designed and easy to use. 
• Robinhood Gold - The stock investment app offers investors the chance to trade in borrowed money. 
• Account minimum - The Robinhood app for iPhone doesn’t ask its investors to have a minimum account balance. 
• Research offerings - The stock market investment is making efforts to improve the tools and research available to customers, earning calendars, and much more. 
• Referrals - Get free stock by referring to your friends and family. 

MAD Verdict - Robinhood Stock App Review

There is surely a need for finance mobile apps because they are easy to use, improve your budgeting skills and let you invest and track your spending in real-time. 

There are many finance apps in the app store but the Robinhood stock trading app provides a commission-free trade in stocks and gets mobile access to markets at no extra cost. 

The Robinhood app is developed by a team of experts and designed from scratch by considering the user's experience. The app also offers graphs for analyzing the current and previous data with interactive design. At MobileAppDaily, we always recommend reading the detailed app reviews before installing a mobile application on your smartphone. 

• How do I get my money out of Robinhood?

  If you want to get your money out of the Robinhood app, here’s what you need to do: 

  • Tap on the account option
  • Tap on the transfer and transfer it to your bank
  • Choose the bank account and the amount you want to transfer
  • Submit it
     
• Is the Robinhood app safe?

  The Robinhood app uses high-quality security measures to protect the personal information of investors. 
   

• Is the Robinhood app good for investing?

  Robinhood is very friendly with investors and it charges no commission fee and no per contract fee so it's great for investing. 
   

• Can I buy and sell stock on the same day Robinhood?

  Below are the steps you need to follow to buy and sell stocks on the Robinhood app: 

  To buy stocks in the Robinhood app: 

  • Visit the stock details page
  • Tap trade and then tap on buy
  • Tap the order type and select your preferred order
  • Confirm your order and swipe up to submit 

  To sell stocks in the Robinhood app:

  • Visit the stock details page
  • Tap trade and then tap on sell 
  • Tap the order type and select your preferred order
  • Confirm your order and swipe up to submit
     
• How do you delete your Robinhood account?

  In order to delete your Robinhood account, you have to follow these steps: 

  • Sell all your positions
  • Withdraw your balance back to your account

  If all your assets are out, your Robinhood account will be closed.