The US-based sensation has gathered a lot of confliction opinions on its operation. Some praise it and make multiple YouTube videos, blog posts, tweets about how great and profitable it is even for a newbie, other post cautious posts and urge to be careful and not trust such a young company. It was registered in 2013. They do not charge commission for shares trading and the use of options. The broker also claims that the crypto exchange does not require commission. Mainly this platform, centered around the app is the choice of a new trader, for example, a student or a person on a partner leave. The company has license from FINRA and SEC

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  • Fouded

    2013

  • Min deposit

    1$

  • Min withdrawal

    50$

  • Withdrawal fee

    no

  • Inactivity fee

    no

  • Min bet

    10$

  • Max. leverage

    1:2

  • Withdrawal of funds

    1-5 working days

  • Asset type

    Stocks, ETFs, Options, Crypto

  • Regulated

    FINRA, SEC

  • Deposit with credit card

    Bank transfer, Local Bank Transfers

  • Withdrawal

    Bank transfer, Local Bank Transfers

  • Avalaible plamform

    Web, IOS, Android

  • Company registration

    HOOD : ROBINHOOD FINANCIAL, LLC 85 WILLOW ROAD MENLO PARK CA 94025

Pros

  • Trading costs are very low and cryptocurrency trades can be placed in small quantities

    Very simple and easy to use

    Customers have instant access to deposited cash

Cons

  • Trades appear to be routed to generate payment for order flow, not best price

    Quotes do not stream, and are a bit delayed

    There is very little research or resources available