The Pioneer of Commission-Free Trading
Robinhood changed the brokerage industry forever. Today, it remains the most user-friendly app for beginners, but has aggressively expanded its offerings to attract larger accounts.
Key Specifications:
- Robinhood Gold: Offers high APY on uninvested cash (over 5%) and a 3% IRA match for a flat monthly fee.
- Trading Hours: 24/5 trading on select popular equities.
- Options: $0 per contract fee (rare in the industry).
The Verdict
While it still lacks the advanced charting of Thinkorswim or Webull, the 3% IRA match and zero-fee options trading make it highly lucrative for passive investors and simple options buyers.