Robinhood is an app built around one single promise: no-fee stock trading.
Robinhood launched in December 2014 and quickly became a favorite among younger people looking to invest without paying $7 per trade. Since its launch, Robinhood has amassed hundreds of thousands of users, and facilitated over $1 billion in trades, according to TechCrunch.
The app itself is stylish and simple, a big part of why it won an Apple Design Award. It makes stock trading cheap, intuitive, and mobile.
This past week, I tested out the app with a nominal amount of cash (Business Insider journalists are forbidden from playing the market by policy — so I’m donating the $1.26 I made to charity). It’s ease of use was refreshing, and the only complaint I had was lag times while moving money around.
Here’s what it’s like using Robinhood, the app that wants to democratize stock trading.
This is what the Robinhood icon looks like on an iPhone.
If you have one of the last few models of the iPhone, you’ll be able to choose whether to log in with your fingerprint or a password.
To start trading with Robinhood, first you have to link you bank account.
See the rest of the story at Business Insider
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