Robinhood Promotions

Robinhood Key Features

Robinhood makes investing simple and accessible for beginners. With no account minimums, a user-friendly app, and low barriers to entry, it's easy to start investing on your terms.

Here's a quick look at what makes Robinhood stand out:

100% commission-free trading
Robinhood pioneered commission-free trades for stocks, ETFs, and options—removing a major barrier for beginner investors.

Fractional shares from $1
Invest in shares of stocks and ETFs with as little as $1—perfect if you want to build a diversified portfolio without needing a large amount upfront.

24-Hour Market
Trade selected stocks and ETFs 24 hours a day, 5 days a week from Sunday 8PM ET - Friday 8PM ET, giving you flexibility beyond standard market hours.

Instant deposits
When you transfer money from a linked bank account, you can get immediate access to a portion of those funds. So you can start trading right away without waiting the typical 5 business days.

IRA match
Robinhood offers a 1% match on IRA contributions, transfers, and rollovers. The match doesn't count toward your annual contribution limits, and there's no cap to how much you can earn.

Cryptocurrency trading
Buy and sell 28 cryptocurrencies with as little as $1. Robinhood Crypto is available in every US state, the US Virgin Islands, Puerto Rico, and the District of Columbia.

How Does Robinhood's Free Stock Offer Work?

Robinhood offers new users up to $1,700 in free stock during their first year. Here's how it works:

Get a free stock just for joining (worth $5-$200)

1. Open an individual taxable brokerage account on Robinhood
   
2. Link your bank account or debit card
   
3. Earn a reward anywhere between $5-$200
   
4. Use it to claim a fractional share of a stock from a list of America's leading companies

Earn more by inviting friends (up to $1,500/year)

1. Share your referral link with friends
   
2. When someone successfully signs up, you both receive a reward valued between $5-$200
   
3. Pick a stock from a list of popular companies

Note: Most users receive stock worth around $5, though values can go up to $200.

Can I sell my free stock?

You can sell your gift stock after 3 trading days after you claim it. Once sold, the proceeds can be used right away to invest in other stocks on Robinhood.

However, if you want to withdraw the cash, the cash value must remain in your account for 30 days after you receive it. After that, you can withdraw with no further restrictions.

How does Robinhood IRA match work?

Robinhood matches your eligible IRA contributions, rollovers, and transfers. You can get:

• 1% match for standard free accounts
  
• 3% match for Robinhood Gold members ($5/month)

Best of all, the match amount doesn't count toward your annual IRS contribution limits. It's considered income earned by the IRA account.

A few important things to know:

• You must keep the assets that earned the match in your IRA for at least 5 years to avoid an early IRA match removal fee.
  
• For Gold members, you need to maintain your Gold subscription for one year to keep the full 3% match.
  
• Managed IRAs by Robinhood Strategies are not eligible for the match.

What is Robinhood Gold?

Robinhood Gold is an optional subscription that unlocks premium features, tools, and data for more experienced investors. It costs $5/month or $50 annually.

Here are the benefits of subscribing to Gold:

• 4% on your uninvested cash
  
• Bigger instant deposits
  
• Professional research from Morningstar
  
• Level 2 Market Data from Nasdaq
  
• First $1,000 of margin borrowed is interest-free
  
• 3% match on eligible IRA contributions

You can cancel your Gold membership at anytime from your account. You'll still have access to the premium features until the end of your billing cycle.

Is Robinhood Safe?

Yes, Robinhood is a regulated and secure platform for trading and investing.

It is registered with the SEC and is a member of FINRA, which means it must follow strict industry rules and regulations for investor protection and transparency.

Robinhood is also a member of the SIPC, which protects customers' securities up to $500,000 (including $250,000 for claims for cash) in the event the company fails. In addition, Robinhood has purchased extra insurance beyond SIPC limits to provide added peace of mind.