Robinhood: Investing for All

This application, called Robinhood, allows users to trade stocks, ETFs, options, and cryptocurrency without paying any commission fees. It offers the lowest costs on popular cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. Users can invest as much or as little as they want, but there may be other fees that apply. For an additional $5 per month, users can upgrade to Robinhood Gold and earn 4.25% APY on uninvested cash with no cap. They can also receive a 3% match on their retirement IRA contributions and have access to instant deposits up to $50,000. Additionally, they can receive a margin of up to $1,000 for investing, if eligible. The application also prioritizes security and offers 24/7 live support. Users can chat with a Robinhood associate at any time and utilize security tools like 2-factor authentication to keep their account safe. However, it is important for users to carefully consider their investment objectives and risks before using this application, as investing always carries a level of risk. They can view the fee schedule for Robinhood Financial at rbnhd.co/fees. To receive the 3% match on retirement IRA contributions, users must be subscribed to Robinhood Gold for at least one year after their contribution. They must also have compensation (wage income) in order to contribute to an IRA. There may be tax consequences for contributing to or withdrawing from retirement accounts, and users should consult with a tax advisor if they have any questions. The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing. However, not all investors will be eligible to trade on margin, which involves the risk of greater investment losses and may incur additional interest charges. Cryptocurrency trading is offered through an account with Robinhood Crypto, and fractional shares are illiquid outside of Robinhood and cannot be transferred. Not all securities are eligible for fractional share orders. Robinhood Gold is a subscription-based membership program that offers premium services through Robinhood Gold, LLC. Securities trading is offered through Robinhood Financial LLC, a member of SIPC. Users can view the Customer Relationship Summary at rbnhd.co/crs. Robinhood Financial LLC, Robinhood Gold, LLC, and Robinhood Crypto, LLC are all subsidiaries of Robinhood Markets, Inc. It is important for users to be aware of the unique risks associated with trading outside of regular market hours, such as lower liquidity, increased volatility, and pricing uncertainty. The Robinhood 24 Hour Market is open from Sunday 8 PM ET to Friday 8 PM ET. The company is located at 85 Willow Road, Menlo Park, CA 94025.