![]() Robinhood gained a lot of traction in recent years thanks in part to its mobile-first design. To keep up with the recent cryptocurrency hype, the company even launched a crypto gifting feature that allows users to send crypto to their family and friends. Besides stocks, Robinhood also offers options and cryptocurrency trading. This allows investors to get started in the market with less money needed to purchase a whole share of stock. So if a stock is trading at $100 and you only have $10 to invest, with Robinhood you can purchase 10% of a share or 0.1 shares. Fractional shares are simply smaller units of a single share. Robinhood has another impressive perk worth mentioning: fractional share trading. As of today, Robinhood still operates on a freemium model - providing a free basic service and charging for premium features, and developing other revenue streams that we’ll touch on later in this article. They offered free account setups and 100% commission-free trades. Tenev and Bhatt followed through on this promise by lowering the barrier to entry for stock investing. ![]() And though it may seem like Robinhood popped out of nowhere, this brokerage has actually been around for some time.įounded in 2013 by Vladimir Tenev and Baiju Bhatt, Robinhood’s stated mission is to democratize finance for all. Robinhood became a household name in the fintech industry during the GameStop and Dogecoin frenzy as amateur investors piled into the market. Hawaii Alaska Florida South Carolina Georgia Alabama North Carolina Tennessee RI Rhode Island CT Connecticut MA Massachusetts Maine NH New Hampshire VT Vermont New York NJ New Jersey DE Delaware MD Maryland West Virginia Ohio Michigan Arizona Nevada Utah Colorado New Mexico South Dakota Iowa Indiana Illinois Minnesota Wisconsin Missouri Louisiana Virginia DC Washington DC Idaho California North Dakota Washington Oregon Montana Wyoming Nebraska Kansas Oklahoma Pennsylvania Kentucky Mississippi Arkansas Texas Start Investing Today! What is Robinhood?
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