Is Robinhood Stock Trading A Scam? Make Serious Money?

Robinhood Overview

Summary: Robinhood is an UNLIMITED commission-free trading company that allows you to trade stocks, funds, and options with Robinhood Financial. You get the ability to not only trade in stocks but also ETF's, Forex and Crypto.

This is a great option for beginners(as well intermediates) who want the functionality to own stocks in just about ANY company and be able to get started without any high cost barriers to entry and investment. 

Rating: 99/100

Recommended: Yes

What Is Robinhood Stock Trading?

In short, Robinhood is a U.S based Financial Services company that offers you mobile app and desktop abilities to invest in stocks, ETF’s, Forex, and Crypto. I’m not kidding you when I say that you can Break free from commission fees and get this…

You can make UNLIMITED commission-free trades in stocks, funds, and options with Robinhood Financial. For just $1 you can invest in thousands of stocks in 3 easy steps:

1. Invest Any Amount

2. Build A Balanced Portfolio

3. Trade In Real Time

Going Inside Robinhood

After using and going through Robinhood, I found some pretty awesome features you can use to boost up your productivity and stock earnings like for one being the app. As you’re learning, you will grow at the same time. What do I mean?

Robinhood's goal is to make investing in the financial markets more:

• Affordable

• More intuitive 

• And more fun

And you don’t need any experience and if you do, you’ll have even more fun! One other feature that you’d really benefit from the app is how customization it is so you can have the right news and notifications pop up before you which means you’ll always be ready for your next investment or to see your earnings and you can make smarter moves.

Robinhood Products

Can you really invest without the products? No, so that’s why it’s really crucial to know which prodcuts you’re being offered(and theirs no shortage of them)...

• Cash Management

• Socks & Funds

• Options

• Gold

• Crypto

Here’s how this part works step-by-step

STEP 1: Select A Product

For this example, we’ll do “Cash Management” and there will be a button just below that reads “Learn More”, click that next.

STEP 2: Join The Wait List

On this next page you’ll see how you can earn 1.80% APY on your un-invested cash and just below it will be a “Join Waitlis” button with a place to enter your email for more information and so you are updated.

And if you scroll under this page, there will be more specific information you can read about if you’d like. 

Robinhood Support

If you have any questions or just need general help and support, Robinhood makes it easy for you to communicate with them:

Robinhood Careers

Would you like to work for Robinhood? If so, you have the option to start a career with them(as you can see from the image right above there is a “careers” option to checkout. Here’s what you’ll see on the other side when you click through:

You can sort by “offices” in the different types of cities Robinhood operates in.

Pros Vs Cons

Robinhood Alternatives

You'd call me selfish if I didn't at least show you what other stock trading alternatives are out there,right?

For that I know of a couple others, check them out:

• Capitalist Exploits
• Jason Bond Picks
• The Motley Fool
• Tradestation
• TD Ameritrade
• Betterment
• M1 Finance
• Charles Schwab
• Vanguard
• Weebul
• Robo-Advisor
• Stash

One of my personal favorites (and what is considered to be one of the best) is through Capitalist Exploits where you can get a portfolio of investments on choosing the right stocks, and getting regular stock ideas delivered straight into your inbox and you get to see what the pros are doing.

There are many more in line but to describe the ones I just showed you...Jason Bond Picks is one where you'll get personal help from an expert trader(Jason Bond) showing you how to find momentum stocks...

But it's more of an "active" than "passive" stock trading. If you're looking for more long-term trading, then the other ones on the list are good.

Tradestation is best for active stock traders, TD Ameritrade is for novice investors, and Betterment is best for college students.

I Like Mi1 Finance since you use what are called "Pies" so you can invest in more than one company and you can put weights on each part of that pie in case let's say one stock for "Amazon" goes down, then the weight will balance itself more to the other companies that are doing well...

And help you to buy more of those. Plus, here are some pros:

Pros:

• No Fees
• Fractional Shares(meaning if a stock is too example "Amazon" for example, you can own a fraction of that.
• Expert pies so you can diversify in case one or more stocks goes down, you'll automatically be able to re-balance.
• Dynamic Rebalancing
• No Minimum Deposit

Cons:

• No mutual Funds
• No Tax-Loss harvesting
• Manual Rebalancing and taxes
• Unintuitive desktop U/I(User interface)

>>Click here to check out M1Finance

From experience, I'd say to start with Robinhood if you're a complete beginner and don't want to start with like a minimum investment of $100...You don't need a minimum fee with Robinhood.

What I Liked Most About Robinhood

If there was ONE thing I’d have to say I loved most about Robinhood stock trading is that it’s the easiest and most versatile trading app made for the beginner in mind as well in cases the experts. I guess one more thing and I really couldn’t leave this out…

Is the education you get for stock market. Under the Stocks & Funds products tab, you can view a page that looks like so:

On this page you’ll get an education on how to properly Stock market trade, what is it exactly, and the questions to look out for.

Is Robinhood A Legitamate Scam?

Absolutely not! It’s actually a no-brainier if you’re open to investing in stock and other currencies for assets and to multiply your hard working money. In this world, you MUST invest into assets if you want to keep more money in your pocket…

It’s no enough to just work a 9-5 job, open up a 401k, an IRA, and call it good. If you want your money to compound and make passive money while you’re sleeping the good night, then investing with Robinhood is the way for you to go. To get started, you can press the button right below.