The company asks you this question because all of the trading done on Robinhood is done on a mobile device. At the bottom of the page, Robinhood asks whether or not you have a mobile device running iOS or Android (Hint: If your phone or tablet isn't made by Apple, then it's pretty likely that it's an Android device). You'll also create a username and password for the account. Here you'll provide some basic information like your name and email address. Step 1: Set up an accountįirst, navigate to Robinhood's sign-up page. Image source: Author screenshot of Robinhood site. The company also has a Robinhood Gold service that starts at $10 per month and gives customers additional features like after-hours trading, a line of credit (to trade on margin), and larger deposit amounts that are instantly available to invest. It kind of sounds too good to be true, but Robinhood says it makes money from "accruing interest from customers' uninvested cash balances," just like other online brokerages do. There aren't any fees for opening up a Robinhood account or maintaining one, nor does the company charge you when you make your trades.
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