Robinhood Review 2020: Best Broker For Beginners

Robinhood Review 2020: Best Broker For Beginners

In A Nutshell 

Robinhood is a zero-fee US broker established in 2013, and we recommend it for beginner traders. This broker has top-tier licenses from authorities like the Financial Industry Regulatory Authority (FINRA), and the US Securities and Exchange Commission (SEC).  

Robinhood has a Cash Management service, excellent for earning interest on uninvested funds. This broker has a transparent approach in its services, which is why it is an excellent choice for beginner traders in 2020. We reviewed this broker based on a thorough analysis of 57 of the best forex brokers. 

Robinhood Good & Bad 

Robinhood has commission-free US stock investing. There are no inactivity or withdrawal fees. The web and mobile trading platforms are well designed and simple to use. The trading account opening process is smooth, fast, and digital. 

There is a downside: Robinhood offers only a limited selection of assets, mostly from the US market. Customer service is slow and available only by e-mail. There are a limited number of educational tools. 







Good:

Free ETF and US Stock TradingExcellent Web Trading And Mobile PlatformsFully Digital And Fast Account Opening



Bad:

Limited Products AvailableAverage Customer SupportLimited Educational Materials

Main Features & Highlights At Robinhood

Country Of Regulation

USA

Trading Fee Class

Low

Inactivity Fee

No

Withdrawal Fee

$0

Minimum Deposit

$0

Account Opening Duration

24 hours

Demo Account