Robinhood
Robinhood offers commission-free trading of stocks, ETFs, and options, along with cryptocurrency trading, a spending account, and an IRA with a unique 3% match on transfers.
Services
Robinhood offers a variety of financial services including commission-free trading of stocks, ETFs, and options. Cryptocurrency trading is provided through Robinhood Crypto, LLC. The platform also offers a spending account through Robinhood Money, LLC, which is a licensed money transmitter. Additionally, users can utilize a prepaid card issued by Sutton Bank, Member FDIC, in partnership with Mastercard. Brokerage services are managed by Robinhood Financial LLC, while clearing services are handled by Robinhood Securities, LLC. Furthermore, Robinhood offers an IRA with a 3% match on retirement account transfers when subscribing to Robinhood Gold.
Cryptocurrency Trading
Robinhood provides cryptocurrency trading services through its subsidiary, Robinhood Crypto, LLC. This allows users to trade various cryptocurrencies directly on the Robinhood platform. The service aims to facilitate easy access to the emerging crypto market without the need for separate accounts or additional fees, enhancing the overall trading experience for cryptocurrency enthusiasts.
Robinhood Gold
Robinhood Gold is a subscription service offered by Robinhood that includes professional research, access to margin trading, and advanced trading tools. Subscribers benefit from expert market insights, advanced tools such as a strategy builder and watchlist, and an IRA with up to a 3% match on retirement account transfers. This service is geared towards more experienced investors looking for additional resources and tools to inform their trading decisions.
Spending Account and Prepaid Card
Robinhood offers a spending account through Robinhood Money, LLC, which is a licensed money transmitter. Users can access their funds via a prepaid card issued by Sutton Bank, a Member FDIC, under a license from Mastercard International Incorporated. This service allows users to manage their finances seamlessly within the Robinhood ecosystem, integrating their trading and everyday spending needs.
Educational Content
Robinhood provides educational content on investing through its platform to help users make informed trading decisions. These resources cover a range of topics including stock market basics, options trading strategies, and the fundamentals of cryptocurrency. By offering this educational material, Robinhood aims to empower its users with the knowledge needed to approach investing with confidence.