One Step Closer to Making the Markets Accessible to Everyone:
Today, the Robinhood team has taken one step closer to achieving their top priority: making trading services available to everyone for free. In my last post, Robinhood is Now Open to the Public. Start Trading. Stop Paying., I warned you this was coming in the near future. It’s finally here. No commissions, no minimum deposits.
The simple swipe-to-trade technology is now available through the Robinhood app for both iPhone & Android. Sign Up Here in less than 4 minutes!
$1 Billion Transacted Since Public Launch:
One of the fastest growing consumer finance companies in history has also achieved a couple of other impressive milestones recently. On August 12, Robinhood surpassed $1 Billion in total transactions, and in turn, has saved investors an estimated $22 million in trading commissions since launching to the public on May 12.
This is a clear indication that many people out there were deterred from investing due to the commission costs, but were completely ready to jump into the markets if presented with a free opportunity. For that, we all have Robinhood to thank.
Overall, the Robinhood team has had a lot to celebrate lately, and I believe there will be even more good news rolling out from their camp in the coming months. They’re at the forefront of trading, and thrilled to lead the charge for brokerages across the nation. Never Pay Trading Commissions Again.
If you have any questions or comments concerning Robinhood, please leave them below.
Written by Matthew Thomas