In 2018, it completed a Series D funding round of $363 million to bring it to its current valuation, and doubled its users from 2017 to 2018: Robinhood says it now has 4 million users. By November of that year, TechCrunch reported that it had facilitated over $1 billion in transactions. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. This guide will teach you everything you need to know about Robinhood so you can trade effectively. It began as invite-only, and by the time it opened to the public in March 2015, the waitlist rose above 700,000 according to Fortune. Robinhood is a free, US-based stock trading app that allows 100 commission-free stock, options, cryptocurrency and ETF trades. In short: It makes stock trading cheap, intuitive, and mobile, which is apparently exactly what young investors were looking for. It allows users the freedom to complete a transaction without paying a processing fee, and became the first finance app to win an Apple Design Award thanks to its simple-but-stylish design. The app first launched in December 2014 and quickly became a favorite among younger people looking to invest.
A little over four years after launch, the company has a $5.6 billion valuation - four times more than its 2017 valuation of $1.3 billion. Both traditional investment & emerging investment like cryptocurrencies options are available on Robinhood. 'Robinhood started with the idea that a technology-driven brokerage could operate with significantly less overhead,' the company says on its website. The companys real selling point is that is allows investors to make stock or ETF trades without paying commissions. Your investments are secure for up to 500K by Securities Investor Protection Corporation, in case Robinhood fails. The app is meant to give traders up to date information quickly.
And it's a model that's working for people. Robinhood offers an easy-to-use trading app, both for Android & Apple users.