Robinhood

Discount app. Source: nerdwallet.com/investing/best-brokers. Third-party rating: 4.5 / 5.

Best for: Discount app

At a glance

Min. deposit
0
Regulators
SEC / FINRA / SIPC
Fees
Equity: $0 on stocks, ETFs; Other trades: Options $0; Account: $0 minimum; Gold $60/yr; $2/mo paper statements if <$50; ACATS out $100; FX: Not stated
Investments
Stocks, ETFs, options, crypto, futures, ADRs, precious metals (no mutual funds)
Availability
United States

Strengths

    Limitations

      Risks to understand

      • The value of investments can go down as well as up, and you may get back less than you invested.
      • Past performance is not a reliable guide to future results.
      • Check the costs of trading, currency conversion and holding investments before you choose.