It’s only a matter of time before they expand into new countries. Robinhood currently only accepts people from the United States but have plans to launch in the UK and Australia in a few years. The Silicon Valley start-up founded in April 2013, has 3 million customer accounts and is valued at $11.2 billion based on their latest round of funding. Investors should be cautious because no fees means trade executions are slower than the leading brokers. There has to be a catch it sounds too good to be true! Charging no fees is a revolutionary idea within the brokerage industry and has received significant media coverage due to their business model. The smartphone app allows anyone to buy and sell shares for free, in publicly traded companies on U.S. Robinhood is a stock trading app that is ideal for beginners looking for something that is easy to use and charge no commissions.
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