RobinHood promotion offers, bonuses, incentives for opening new brokerage or retirement account. Promo codes for FREE stock valued $3 - $1,000.

RobinHood Promotion

Open account and get one free $3-$6 value stock.

Open Robinhood Account


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No Commissions

Robinhood’s most significant advantage is its commission-free trading. Robinhood lowers the barrier to entry significantly for new traders who don’t have much capital to begin trading. While other brokerages usually charge between $4.95 to $6.95 per trade, Robinhood is completely commission-free and requires no account minimum, which makes a major difference in keeping gains in the hands of the trader.

Robin Hood Free Stock

Cryptocurrency

In early 2019, they expanded their commission-free philosophy to the cryptocurrency space with the launch of Robinhood Crypto, their commission-free 24/7 cryptocurrency trading service. Now available in select states, Robinhood Crypto provides price charts for sixteen cryptocurrencies and supports trades for on Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Note that investments in Robinhood Crypto are separate from Robinhood Financial LLC and therefore investments are not protected by the SIPC.

Easy to Start

Account set-up is relatively simple. Traders fill out an application in the mobile app and applications are reviewed within one business day, though accounts that require further identity verification may require an additional 5-7 days before approval. Following account approval, traders can fund their account through checking accounts from most major U.S. banks. Pending transfers may take 2-3 days to complete, but the first $1000 is instantly available for trading.

Good UI

Both mobile app and browser-based interfaces are clean, intuitive and straightforward. Accordingly, buying and selling is relatively quick and easy. The app also includes news articles, top movers and losers notifications, and buy recommendations to help inform new traders about what is happening in the stock market and make informed decisions. Stock pages also feature company profiles, earnings, company news, stock volatility, and buy/sell ratings.

Cons

While Robinhood's strengths lie in their attractive financial model, they have some significant areas of improvement in their functionality in areas such as stock charts and price accuracy.

Stock Charts

While Robinhood's charts provide a toggle between various time frames, and even recently added candlestick view, the charts are very simplistic and inaccurate in displaying significant stock patterns. For the beginner trader, this may not be as big of a concern, but those who do stock chart analysis may find this feature lacking. Advanced functions like custom time frames, charting tools and price alerts are not available.

Delayed Prices

Another major flaw is the delayed stock prices. When compared side by side to real-time stock quotes, Robinhood prices have a considerable delay. As a result, market execution prices are not always reflective of the price displayed on the app. Those who day-trade and rely on accurate price executions, or buy and sell with more price volatile stocks may be affected by these price accuracy fluctuations. Further, advanced buy/sell options such as trailing stop loss and are unavailable.

RobinHood Promo Code

Open account and get one free $3-$6 value stock.

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Robinhood Promotion reviewed by TopRatedFirms.com. Rating: 4