With the Robinhood application, investment is made much simpler. This US-based trading platform was established in 2013. To begin one’s investment journey, Robinhood is a perfect application. After signing up for the first time on the platform, the app interface suggests the first investment options based on their portfolio. The investing and brokerage application has a user-friendly and streamlined interface. 

The Robinhood trading platform has a basic web version. However, the Robinhood platform has a compatible application for the android users. The app is also compatible with iOS devices.

How to open an account on the Robinhood App?

Opening up a trading account on the platform is quite simple. These steps are required to register one’s account on the trading platform.

• Firstly, one needs to wisely choose the brokerage account they want to open and select that.
• The second step involves filling out all the personal information such as contact information, address, and nationality. All this personal information needs to be authenticated to move forward.
• Further, the broker asks for verification of identity. Varying documents such as Aadhar cards, passports, or pan cards could be used for this process.
• Review all the information and start trading after depositing funds. However, the process to officially open an account after filling out all the information takes up to a day.

Certain conditions need to be met for opening an account on this trading platform. The applicant must be a US- citizen or must hold a valid US visa. They should have a legal united states address. The applicant should be either 18 years or older. The applicant must have a legal social security number.

Features of the Robinhood Application

• After signing up and linking one’s bank account, the application offers one free stock for promotional reasons.
• There is the added leverage of no minimum funding amount.
• Educational Resources- There is no way that one can have all the information. To be financially aware, one needs the right resources, information, and modules.
• Market Research- The Robinhood application has comprehensible market data. Financial analysis, financial news, past market trends, and future potential are compiled in the application.

The application has financial news from reputed news sources such as the Wall Street Journal Markets, Reuters, Barron’s, and CNBC Business.

• Options Trading- Options have emerged as a financial asset in the trading market today. The price of the options is constantly changing. A contract for options allows a trader to enter into a contractual option to purchase a fixed number of shares at today’s price at a future date. You must pay a fee if you choose this option (much less than the value of the underlying shares). This amount that must be paid is known as premium. However, there is no fee for starting options trading unlike the crypto brokerage applications.
• Trading has been facilitated in the form of cryptocurrencies as well. 15 crypto coins can be traded, and those are valid across 48 states.
• Security and Reliability- Security is encouraged through various features. Users of mobile applications can log in with either face, biometric scan, pin, or a pattern. There is a two-step authentication on the trading platform. Additional security proof such as an OTP is also required while signing in from an unidentified device. There is no additional cost for the added security tools and insurance.

If you merit a streamlined trading platform and mobile experience, as well as the ability to trade cryptocurrency, Robinhood is the best option. Robinhood is an easy-to-use app. Its interface is user-friendly, displaying the most commonly used functions in a single menu.