Is Robinhood Safe? Is Robinhood Legit? (Here Are The Facts).
Robinhood provides beginners and intermediate traders a solid forum that lacks the expertise of advanced day trading strategies. To sum up, if you’re an investor looking for an easy and creative forum to communicate with financial markets, then Robinhood is the perfect option. Otherwise, you would want to get a skilled trading platform and exclusive trading features to pay the extra fee.
Robinhood has a mix of good and bad reviews depending on where you look online. If you look on Google Play, the Robinhood App has a 4.4 out of 5-star rating with over 93,000 votes. It has five reviews on Trustpilot with an average 3 out of 5-star rating.
Robinhood is a streamlined trading brokerage that has gained serious traction for bringing online day trading to the masses through its free app. Specifically, it offers stocks, ETFs and cryptocurrency trading. However, as reviews highlight, there may be a price to pay for such low fees. With that being said, this review of Robinhood will.
Robinhood also seems to offer a slightly larger list of stocks (some foreign and OTC securities are available); so here, too, we lean towards Robinhood. For beginners or traders who need research tools, we definitely recommend Webull, as it is head and shoulders above Robinhood in this category.
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Robinhood alternatives recommendations. Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall: Robinhood is recommended for beginners and buy-and-hold investors focusing on the us stock market.
We've noticed from other Webull review articles that most people think Webull is just an App. I bet you didn't know they support every type of device. Andriod, Iphone, Web browser, Windows or Mac. They offer two types of accounts, Margin and cash. I am using a margin account currently with them. Look below and you'll see the scoop on what you get with each type of account.