{"id":2513,"date":"2020-09-29T08:58:51","date_gmt":"2020-09-29T07:58:51","guid":{"rendered":"https:\/\/businessfinancenews.com\/?p=2513"},"modified":"2022-01-01T01:48:27","modified_gmt":"2022-01-01T00:48:27","slug":"robinhood","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/investments\/robinhood\/","title":{"rendered":"Robinhood"},"content":{"rendered":"\n
Robinhood is for us the best brokerage service for beginners (10<\/a>) in online trading (1<\/a>) despite being relatively new in the market (8<\/a>). Once again this year we consider that Robinhood and their premium program Robinhood Gold represent the best option for a beginner who is looking for a broker to start investing online (2<\/a>) (11<\/a>) thanks to its minimalistic design (9<\/a>). We have to say that Robinhood is a regulated company and controlled and monitored very closely (4<\/a>) by federal agencies in the United States (5<\/a>). These agencies are the federal authorities that monitor the securities market and the financial industry (3<\/a>). We refer to the Securities and Exchange Commission called SEC (6<\/a>) and FINRA, which is the financial industry regulatory authority (7<\/a>).<\/p>\n\n\n\n Robinhood is absolutely commission-free. It does not have any kind of direct fees and it does not have any indirect fees for maintenance fees withdrawal fees or inactivity fees of any kind.<\/p>\n\n\n\n We can say that the trading platform is one of the most accessible for beginners because of its simplicity and minimalistic design. The screens are not cluttered with information.<\/p>\n\n\n\n However, we have to say that as some of the competitors like Webull, Firstrade, and Tastyworks, Robinhood\u2019s focus is in the United States markets only.<\/p>\n\n\n\n Robinhood does not offer a huge product range. Therefore, it is not a recommended option for experienced investors or for corporations that require a brokerage service to diversify their investment portfolio through trading operations.<\/p>\n\n\n\nPros And Cons Of Robinhood <\/strong><\/h2>\n\n\n\n