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David Morgan

04 Dec 2019

∙

General Investing

Has anyone used RobinHood?

Has anyone tried using RobinHood Stocks Platform? I get the understand of they do not have fees but in return when we execute, they get around 1-2% if I’m not wrong?

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Tee-Ming Chew

04 Dec 2019

Co-founder at Seedly

Robinhood is a commission free stock trading platform and they don't charge any fee when you trade with them. However, the SEC and FINRA do charge a small fee for stock sell orders.

If you're wondering what is their business model, they actually earn from Robinhood Gold (their premium subscription) and from the interest on money stored on the Robinhood accounts.

Hope that helps!

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Lky

21 Aug 2019

Hi, you will need an SSN to open an account so most likely you will need to have some working experience for foreigners.

That said, it is completely free to trade as they charge for other services.

You can read up more on their business model online :)

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Hariz Arthur Maloy

21 Aug 2019

Independent Financial Advisor at Promiseland Independent

I don't think Singaporeans are allowed to use RobinHood if I'm not wrong....

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