Robinhood Review 2020




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Robinhood is a US zero-fee cut price dealer set up in 2013. The agency is regulated through top-tier economic authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Robinhood crashed three instances between three March and 09 March 2020 no longer letting its customers log in and/or alternate in unstable market conditions. This evaluation and its rating does no longer mirror these incidents yet.

Best dealer for beginners
We chosen Robinhood as Best dealer for novices for 2020, primarily based on an in-depth evaluation of fifty seven on-line brokers that covered checking out their stay accounts. Check out the entire listing of winners.

Overall Rating
4.5
Fees
4.9
Account opening
5.0
Deposit and withdrawal
2.3
Trading platform
5.0
Markets and products
2.4
Research
3.6
Customer service
1.0
Education
1.5
COMPARE TO BEST ALTERNATIVE
Robinhood professionals and cons
Robinhood provides commission-free US inventory buying and selling barring withdrawal and inaction fees. Its cellular and net buying and selling structures are easy and nicely designed. Account opening is seamless, wholly digital and fast.

On the downside, Robinhood gives solely a confined choice of assets, focusing basically on the US market. Customer aid is handy by electronic mail only, which is from time to time slow. It affords few academic materials.


Pros                                                                                    Cons
• Free US inventory and ETF trading                         • Limited product range
• Great cellular and net buying and selling platforms • Weak patron support
• Fast and totally digital account opening                 • Few academic substances

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