Robinhood set out to make trading more accessible, it simplifying stock trading and providing the service free of commission. The company has been in business since 2009 with a focus on helping people get started trading. It claims that $1bn has been transferred on the platform so far and that it has saved its users $22mn in trading commissions. Robinhood makes money from cash held on deposit, and from margin trading.
Robinhood set out to make trading more accessible, it simplifying stock trading and providing the service free of commission. The company launched on iPhone last year and it has now released a version of its app for Android. It claims that $1bn has been transferred on the platform so far and that it has saved its users $22mn in trading commissions. Robinhood makes money from cash held on deposit, and from margin trading.