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Commission-Free Stock Trading App Robinhood Is Now Available on Android  June 30, 2015 – 10:44 am

Commission-Free Stock Trading App Robinhood Is Now Available on AndroidAndroid: Most brokerages charge you every time you buy or sell a stock or ETF. Robinhood, however, lets you trade for free and is at last available now for Android users, as well as those on iOS.

In addition to charging $0 commissions on trades of US-listed securities, the mobile app also has features like seeing your portfolio and personal watchlist at a glance, getting real-time market data and quotes, and quickly signing in with a custom PIN code. All the data is encrypted and your securities are protected by the SIPC, which covers up to $500, 000.

Since launching publicly in March on iOS (and in November via waitlist), the company says it’s handled over $1 billion transactions and saved the community over $22 million in commissions.

As usual with free products that sound too good to be true, you might be wondering what the catch is. The company says it makes money in many of the same ways as traditional brokerages, by collecting interest from customers’ uninvested cash balances as well as from those who choose to upgrade to a margin account.

Source: lifehacker.com

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BraydenJames ReadIt
Mobile Application (BraydenJames)
  • Follow everything on Gawker Media sites through your Android device
  • Share articles via e-mail or social media
  • Browse quickly and efficiently with a quality interface
  • avatar Which is best android or apple?
    • Both are good, but Android is "open" and therefore benefits more people round the world, rather than all money going to the US/Apple.

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