Robinhood Description
Robinhood is a US investing app founded in 2013 that popularised commission-free stock trading. Customers can buy and sell stocks and ETFs, including fractional shares from as little as $1, trade options and futures, and buy and transfer several cryptocurrencies. Robinhood also offers retirement accounts, a cash sweep programme, a credit card and a premium subscription called Robinhood Gold with extra research and higher interest. Active traders can use the Robinhood Legend desktop platform for advanced charts. Availability of products varies by state and by country, and investing carries risk of loss. Robinhood's referral scheme gives both the existing customer and the new customer a free share of stock after the new account is approved and funded, rather than a cash commission. For affiliates and creators, this suits personal finance blogs, beginner investing guides and money-focused social channels, provided content follows financial promotion rules.
Some of Robinhood's features
- Commission-free stocks and ETFs
- Fractional shares from $1
- Options and futures trading
- Crypto buying and transfers
- Retirement accounts
- Robinhood Gold subscription
Robinhood's Referral Program
Robinhood's referral scheme is run in-house. Each new user who opens and funds an account can earn the referrer a free stock worth $5-$200, chosen at random, within a 30-day window. Rewards are paid as stock in the Robinhood account. Terms differ by region and product, and financial promotion rules apply.
