To learn how our star ratings are calculated, read the methodology at the bottom of the page. Multiple service outages have been reported for this platform. You can pay a premium for more robust reporting, but free resources are limited.

Robinhood scores high on the Apple App store, but slightly lower on Google Play. Support is only available by email, but agents typically respond within a day. It has four securities to offer, including cryptocurrency. It offers commission-free trades and account fees are on par with competitors. Experienced traders won’t be satisfied with the platform’s lack of sophisticated tools or account options. Robinhood is a practical option for newbies, but that’s about it. It’s also experienced a series of service outages over the years - and saw massive backlash when it limited access to trending stocks in early 2021. Now, a few caveats: Robinhood’s assets, accounts and research tools are limited. “What was once a passive activity is now accessible from the palm of your hand with millisecond execution speed,” he explains.

Nick Battista, host of Options Trading Concepts Live with Tastytrade, believes Robinhood revolutionized access to the markets for retail investors. And with no account minimums, beginners can kickstart their new portfolio with any amount. Its intuitive interface makes it a natural fit for new traders. Robinhood pioneered the commission-free trade movement and continues to boast one of the best-priced apps on the market. Robinhood - despite the headlines - remains one of the most accessible and beginner-friendly trading platforms on the market.

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