What is Robinhood used for?

Robinhood is a brokerage app for commission-free trading of stocks, options and crypto, with fractional shares and a more advanced trading platform. It is a good fit for beginners buying small amounts of stock, active traders using advanced charting tools and investors wanting a managed portfolio option.

Yes. Robinhood has a free plan.

Is Robinhood open source?

No. Robinhood is proprietary (closed-source) software and can't be self-hosted. In the Finance & Accounting category, open-source options include Ghostfolio, Rotki and Hyperswitch.

What are some alternatives to Robinhood?

Robinhood competes with Coinbase and Cash App.

Robinhood: features, pricing and alternatives

About Robinhood

Robinhood is a US brokerage service offered through a mobile app and website. Customers can trade stocks, options and crypto without paying commissions, and the homepage highlights near round-the-clock stock trading on weekdays, fractional shares and real-time market data. Fees and terms still apply and are described in the company's fee schedule.

Investing services are provided by separate regulated entities for stocks and funds and for crypto. Robinhood Legend is a more advanced trading platform for building strategies and tracking markets, while crypto can be traded at any hour. The company also offers an expert-managed portfolio through an SEC-registered advisory arm, and a paid Gold membership with extra benefits.

A section on the homepage previews tools for building automated agents with models and market data, marked as coming soon. Robinhood is a hosted commercial financial service and is not open-source software. This entry is informational and is not investment advice.

Key features

Commission-free stock and options trading
Crypto trading around the clock
Fractional shares
Robinhood Legend advanced trading platform
Real-time market data
Managed portfolio and Gold membership options

Good fit for

→Beginners buying small amounts of stock
→Active traders using advanced charting tools
→Investors wanting a managed portfolio option

Tags: brokerage; stock-trading; investing; crypto; options; fintech; mobile-app

Robinhood: questions and answers

What is Robinhood used for?: Robinhood is a brokerage app for commission-free trading of stocks, options and crypto, with fractional shares and a more advanced trading platform. It is a good fit for beginners buying small amounts of stock, active traders using advanced charting tools and investors wanting a managed portfolio option.
Is Robinhood free?: Yes. Robinhood has a free plan.
Is Robinhood open source?: No. Robinhood is proprietary (closed-source) software and can't be self-hosted. In the Finance & Accounting category, open-source options include Ghostfolio, Rotki and Hyperswitch.
What are some alternatives to Robinhood?: Robinhood competes with Coinbase and Cash App.