Robinhood

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Robinhood Fees

There is no commission or additional trading fee on top of the execution price

Services available

in the following federal states of the United States of America: Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin.

Australia is on the watchlist and will become available as soon as all registration requirements are solved.

6 Total Score

The US based exchange Robinhood was founded by two experts, who had previously built high-frequency trading platforms for financial institutions in New York City. Robinhood is still in an early stage, but promises comission-free crypto-trading.

Security
5
Beginner Friendliness
7.5
Customer Support
5
Fees
10
Available Cryptocurrencies
3
PROS
  • no commission or additional trading fee on top of the execution price
  • designed as an investment tool to connect ordinary people with financial markets
  • fast approval of deposits up to 1000$
CONS
  • still in an early stage
  • in most countries not available
  • no wide range of cryptos available
  • very low information on the security infrastructure
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