Robinhood is an application for Android that lets you invest money in different ways without a commission.
The app gives an opportunity to be a part of the market for anybody. It’s helpful for novice traders, as it has an intuitive interface and provides you with a piece of advice. Experienced users, on the other hand, can get a hold on all of its’ options to the full extent and use it for more successful trading.
The main focus of the application is actual trading, so if you need more theoretical information on investments it’s better to use something like Investing.com in addition.
Tools for trading
There are all the needed instruments for successfully buying and selling your possessions. You can see all the needed data on the chosen market at any time, also, the app will notify you if something important happens.
The application lets you work with stocks, funds, options and cryptocurrencies, such as Bitcoin, Dogecoin and Ethereum. One of its’ main features is the absence of commission for your deals.
Fractional Shares and APY
There is also an option of buying only some stock parts. Investing in such a way will diversify your portfolio and make you more resistant to market changes.
Moreover, you can make use of the Annual Percentage Yield. If you keep some uninvested money on your account you may be paid interest for it periodically.
- money investments without a commission;
- friendly to beginning traders;
- ability to invest in stocks, funds, options and cryptocurrencies;
- you can secure your money by using Fractional Shares option;
- you will get paid for uninvested savings that you keep on your account;
- free download for Android.