Robinhood is a stock brokerage that allows customers to buy and sell U.S. listed stocks and ETFs with $0 commission. We believe that everyone should have access to the financial markets and are on a mission to inspire a new generation of investors.
How are we able to offer commission-free trading while others charge up to $10 per trade? Robinhood was built from the ground up to be as efficient as possible. By cutting out the fat — hundreds of storefront locations, manual account management, expensive Super Bowl ads, etc. — we are able to maintain a lean bottom-line and pass the savings along to you, the customer.
Robinhood is an SEC registered broker-dealer and member of FINRA & SIPC. (The chart below is based on information published by brokerages as of April 18, 2017. For more information about Robinhood’s fees, please see our Commission and Fee Schedule.)
Robinhood’s story begins almost a decade ago at Stanford University, where co-founders Vlad Tenev & Baiju Bhatt were roommates and classmates.
After spending long nights toiling on problem sets together, the two decided to pack their bags and head to Wall Street to build a company that made trading platforms for some of the world’s largest financial institutions.
They soon learned that electronic trading firms pay effectively nothing to place trades on the market. On the other hand, everyday investors were taxed up to $10 per trade. Baiju and Vlad realized it was time to bring this advantage to everyone. By automating many of the costly duties that existing brokerages maintain as a holdover from the pre-Internet era, they could build a much more cost efficient and enjoyable brokerage.
Account Protection & Security
Robinhood Financial is an SEC-registered broker dealer and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which means securities in your account (i.e. stock and option investments) are protected up to $500,000 (including $250,000 for claims for cash). For details, please see the SIPC website. For more information on Robinhood Financial, you can check us out on FINRA Broker Check.
Keep in mind that cryptocurrency investments through Robinhood Crypto are not protected by SIPC and that Robinhood Crypto is not a member of FINRA or SIPC.
Robinhood uses bank-level security measures to protect your personal information. Your password, social security number, trades, and other sensitive data are fully encrypted, and our mobile and web applications communicate securely using SSL and modern encryption.
We don’t store your online banking credentials and never will. Your banking credentials are only used once to authenticate your identity with your bank so that you can initiate transfers and withdrawals with Robinhood.
You can secure access to your Robinhood account using TouchID, FaceID or a custom pin code. We also offer two-factor authentication with an external authenticator app or via SMS.
We’re hiring across multiple teams! You can check out our openings here.
Speaking on the sidelines of an annual meeting of China’s parliament, Wang said China had no intention of displacing the United States and that the two countries did not have to be rivals but should strive to be partners.
U.S. President Donald Trump is expected to establish tariffs of 25 percent on imported steel and 10 percent on imported aluminium this week, but the White House has said there could be a 30-day exemption for Mexico and Canada and some other countries based on national security.
Such a move aims to counter cheap imports, especially from China, that Trump says undermine U.S. industry and jobs.
Wang sid that history has shown trade wars were not the correct way to resolve problems.
“Especially given today’s globalisation, choosing a trade war is a mistaken prescription. The outcome will only be harmful,” Wang said.
“China would have to make a justified and necessary response,” he said.
Wang said China had a long way to go on its path of modernisation, and that it “will not and need not displace the United States.”
Trump addressed trade with China in tweets on Wednesday, demanding that it lay out plans for reducing its trade surplus with the United States by $1 billion, which appeared to have been raised during a meeting with a top Chinese official last week.
“China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States,” Trump tweeted, without saying where the message had been conveyed.
China ran a record goods trade surplus with the United States last year of $375.2 billion.
Trade tensions between the world’s two largest economies have risen since Trump took office in 2017, and although China only accounts for a small fraction of U.S. steel imports, its massive industry expansion has helped produce a global glut of steel that has driven down prices.
Trump is also considering potential trade sanctions against China under a “Section 301” investigation into its intellectual property practices and pressure on foreign companies for
Diplomatic and U.S. business sources say the United States has all but frozen a formal mechanism for talks on commercial disputes with China because it is not satisfied it has met its
promises to ease market restrictions.
China’s latest trade date released on Thursday showed its February exports rose 44.5 percent from a year earlier, beating market expectations, while imports grew 6.3 percent.
That left it with a trade surplus of $33.74 billion for the month.
China’s trade performance rebounded in 2017 and logged a strong start this year thanks to robust demand at home and abroad.
But the rapidly escalating trade tensions with the United States are clouding the outlook for exports, while a cooling property market may curb domestic demand for imported raw materials such as iron ore.
Flouting the careful diplomatic plans that the globalists have quietly laid out for the last half century, Donald Trump spoke with the President of Taiwan. This phone call was a calculated signal that the united states will no longer idly stand by as the voracious communist Chinese encroach upon the rest of the world.