It is no secret that innovation in financial technology is having a major impact on the traditional financial services industry. Think about the many investment apps, savings apps, robo investing plans, budgeting apps, cryptocurrencies, and new online brokerages.

Robinhood App For Pc
Robinhood App
Robinhood App
Robinhood Application
Robinhood App Website

The leader in a lot of this innovation in the financial services industry is Robinhood. With over 10,000,000 users as of the end of 2020, many people are starting to ask the question ‘is Robinhood safe?‘

Robinhood has turned the investing world upside down. Just like Uber changed the way people use taxis, Robinhood has changed the way people invest. With Robinhood:

Robinhood is a free-trading app that lets investors trade stocks, cryptocurrency, options and exchange-traded funds without paying commissions or fees. Robinhood has recieved a lot of attention at the start of 2021 as many members of the Wallstreetbets, Reddit forum, encouraged others to buy Gamestop (GME) stock. Robinhood is for anyone new at buying investment options. The app provides the most popular stocks, cryptocurrencies, ETFs, and other options. It also has a simple user interface that anyone can use. However, the lack of foreign stocks, alternative cryptocurrencies, and other investing options may put off serious investors.

you no longer need a $1,000 or more to open a brokerage account
you no longer need to pay commissions
you can now buy a half of a share or other fraction of you favorite stocks like Apple or Amazon or Netflix, and
you will receive a free share of stock (up to $250) when you open an account; and you get more free stock when you refer your friends!

With these innovations in investing (especially being commission free and their referral program), Robinhood has quickly become the fastest-growing brokerage service in the United States.

About Robinhood's History

Founded by Baiju Bhatt and Vladimir Tenev, Robinhood has seen significant growth since its inception in 2013.

The concept was quite simple: Traditional brokerage firms were charging excessive commissions on every transaction and ripping off their customers.

The founders leveraged their experience on Wall Street, returned to Silicon Valley, raised some money and launched the first COMMISSION FREE, APP-BASED brokerage. They now have over 10 million users. That's proof positive of their product and their concept. And it also should tell you that Robinhood is safe.

In fact, Robinhood recently surpassed one of the most well-known brokerages, E*Trade, in terms of the number of active accounts.

But their explosive success begs the question: is Robinhood safe? What are the risks involved with Robinhood?

You will find the answers to all of this and more in this Robinhood Review. Simply read on…

Why Choose Robinhood?

Robinhood was the first stock brokerage app that did NOT CHARGE COMMISSIONS.

What that means is that users can open an account with literally just a few dollars and start buying shares without paying any commission with each trade.

The Robinhood app offers a commission-free model that provides users access to trade securities at no cost. Robinhood began exclusively as an i-phone app but then quickly rolled out their Android versions, as well. The app allows users to invest in U.S. stocks, ETFs, options, and cryptocurrencies.

One thing to know is that Robinhood is for the people–That is why there are no account minimums and no fees to trade with Robinhood.

Both features are a rarity in the fintech space. You can trade several all U.S. listed stocks and ETFS. And now you can also trade cryptocurrency and even options.

Robinhood also offers Robinhood Gold account which is a premium account that allows you to trade on margin. But beginning investors don't need to worry about that or pay for that.

So, what makes Robinhood so popular?

Robinhood is famous for its commission-free trading, easy application process, and intuitive mobile platform. But best of all, they give you a free share of a stock when you open and fund your account!

So How Do I Open a Robinhood Account and Get up to $1,000 in FREE STOCK?

To open a Robinhood account, all you need is your name, address, and email. If you want to fund your account immediately, you will also need your bank account routing and account number.

As its current promotion, Robinhood is giving away a FREE STOCK (valued at $5 to $500) to anyone that opens a new account this month if you click on the promo image below. Then, once you open and fund YOUR account with at least $10, you will receive more free stock (again valued at $5 to $500) for referring your friends and family. The more people you refer, the more you get. Click on this promo below to start your Robinhood account application and get your first stock for free.....

Bonus Tip: Use this link to get a share of stock stock for free (up to $500 value) when you open and fund your account with at least $10:sign up for Robinhood today, you'll get one share of a stock that is valued between $5 and $500. FURTHERMORE, for each friend that you refer, you will receive ANOTHER free share of a stock valued at up to $500. This is perfectly legit and you WILL get more free shares for every friend or family member you refer.

Why do they give away so much free stock? Because they spend their advertising dollars this way instead of buying TV, radio, print, or online ads! They WANT you to refer friends!

All of this is great…

…but…

Is Robinhood Safe to Use?

YES–Robinhood is absolutely safe. Your funds on Robinhood are protected up to $500,000 for securities and $250,000 for cash claims because they are a member of the SIPC. Furthermore, Robinhood is a securities brokerage and as such, securities brokerages are regulated by the Securities and Exchange Commission (SEC). Also, I was one of the first 100,000 to open a brokerage account with Robinhood in 2014. I put in a few $100 dollars and made some trades just to test it out. I wanted to make sure that the stocks were priced correctly and that my orders were executed properly. And yes, my trades were made properly and they were commission free!

After a few months of successful trading, I sold everything and had Robinhood transfer my cash back to my checking account. They did so immediately. No problems. No questions asked. I even emailed them to check out their customer service and I got a reply within 4 hours.

I then transferred the money BACK INTO MY ROBINHOOD ACCOUNT and that is where I now save and invest on a monthly basis. Over the last few years, I have made literally 200+ trades and never had any problems with orders executing or with my fill prices. And yes, Robinhood is commission free!

In addition, the company has several other safety measures in place to protect your money and data. So, how is your MONEY protected?

You can sleep easy, knowing that your money is safe.

As you can image, Robinhood operates under plenty of regulation and protection.

But remember, Robinhood is not subject to the scrutiny as a bank.

The imposed regulations and insurance make Robinhood ABSOLUTELY SAFE TO USE–UP TO $500,000.

More about Their Financial Regulation

Since Robinhood is a securities brokerage firm, the company is regulated by the Securities and Exchange Commission (SEC) just like every brokerage firm.

Furthermore, the app is a voluntary member of the Financial Industry Regulatory Authority (FINRA).

FINRA is a self-regulatory body that many brokerages participate in.

As you may recall, your money in Robinhood is protected by the Securities Investor Protection Corporation (SIPC).

The SIPC protects up to $250,000 for cash claims and $500,000 for securities–so 99% of investors have NOTHING TO WORRY ABOUT.

Marketing to New Investors

Robinhood, because it does NOT charge commission and because it allows users to open an account with as little as $10, has been accused of posing a threat to the new and inexperienced investor.

But Robinhood is EXACTLY what new investors need!

Robinhood App