Wednesday, March 5, 2014

Robinhood Commission Free Trade

Get access to commission free trade at RobinHood.com

Would you like to get a free share of a company?
Get a FREE share of a company chosen randomly by signing up using this link.

Click here to sign up and get a free stock in a company
How does Robinhood choose which stock my I would get?
The shares of free stock are chosen randomly from our inventory of settled shares. Because the shares are chosen randomly, you and your friend may not receive the same stock.
The value of the share may be anywhere between $2.50 and $200, and fluctuates based on market movements. We choose from the most popular companies on Robinhood, based on the total value (market capitalization) and the price of each share.

Robinhood (mobile app for stock trading/investing) is giving away free one random share (any company) for those who refer or join using referral and fund the account. Robinhood is a commission free trading platform. In case you don't already have Robinhood account and interested, here is my referral link.

What is Robinhood?
Robinhood is a stock brokerage. You can place orders using Robinhood to buy and sell stocks, and your self-directed orders will receive the best possible trade execution (across all stock exchanges).

Which financial products can I buy and sell using Robinhood?
You can use Robinhood to invest in publicly-traded companies and exchange-traded funds listed on US exchanges. This includes well over 5,000 securities.

How does my Robinhood account work with my bank account?
You can link your bank account with your Robinhood account, which allows you to transfer funds between your bank account and your Robinhood account. You can use these funds to buy and sell stocks.

Is my Robinhood account protected?
Robinhood is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

How is Robinhood similar to other online brokerages such as E*Trade, Schwab, and Scottrade?
Robinhood is similar to other brokerages in that it is a registered broker-dealer, member FINRA & SIPC.

How is Robinhood different from other online brokerages?
Robinhood started with a simple idea: using technology, we can re-think the way brokerages operate. Robinhood cut out the fat that makes other brokerages costly — legacy technology, hundreds of storefront locations, and paper-based accounting. And as a result, Robinhood radically reduced costs.

This means Robinhood doesn’t need to charge standard trade commissions or require minimum deposits for cash accounts.


Robinhood E*Trade Schwab Scottrade
Per Trade Commissions $0.00 $7.99-$9.99 $8.95 $7.00
Minimum Deposit $0.00 $500 $1000 $500
This information is based on company websites as of January 20, 2014. For more information, please see our Commission and Fee Schedule.

What does the name “Robinhood” mean?
Robinhood is not about “taking from the rich and giving to the poor.” Instead, it’s about allowing everyone to fully share in the fruits of capitalism. The name is our way of challenging the status quo. For most of history, institutional investors have had advantages that were unavailable to most individuals. We’re changing that with Robinhood.

What’s the story behind Robinhood?
The story of Robinhood begins almost a decade ago at Stanford University, where co-founders Vladimir Tenev and Baiju Bhatt were roommates & classmates. After spending long nights toiling on problem sets together, the two decided to pack their bags and head to Wall Street to build a company that made high-frequency trading platforms for some of the world’s largest financial institutions.

They soon learned that high frequency traders and electronic trading firms pay effectively nothing to place trades on the market. On the other hand, everyday investors were taxed up to $10 per trade. Baiju and Vladimir realized it was time to bring this advantage to everyone. By automating many of the costly duties that existing brokerages maintain as a holdover from the pre-Internet era, they could build a much more cost efficient and enjoyable brokerage. This was an opportunity and challenge they were very excited about.

How is Robinhood able to offer commission-free trading while others charge up to $10/trade?
Over the last decade, technology has enabled building the most efficient businesses in history. Building an automated, electronic brokerage from the ground up allows Robinhood to eliminate the costly touchpoints where other brokerages require human intervention or paper receipts. Rather than relying on primetime advertisements and costly brick-and-mortar storefronts, Robinhood maintains a lean bottom-line, allowing it to attract and retain customers far more cheaply.

How does Robinhood make money?
With Robinhood Gold, you get up to 2x your buying power and access to after hours trading for as little as $10 per month. This is the only product Robinhood charges you for, and is completely optional. Trading is still commission free. Additionally, Robinhood earns revenue by collecting interest on the cash and securities in Robinhood accounts, much like a bank collects interest on cash deposits.

Robinhood is venture-funded by Google, Andreessen Horowitz and many others, which affords us the freedom to focus on building a wonderful brokerage experience rather than short-term profits.
How much money do I need to start trading?
Robinhood does not have a minimum account balance for cash accounts.

Get access to commission free trade at RobinHood.com

https://www.robinhood.com/?ref=iN7iL8

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