Benefits of Using Robinhood 's Free Trading App Essay

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Assessing the Quality of a Product: RobinhoodWhen it comes to an effective trading platform there are a few criteria that one should consider. First off, there should be no commissions for trading—i.e., trading should be free. Second off, the platform should allow for trading cryptocurrencies along with stocks and options—i.e., it should offer a variety of instruments one can trade. Thirdly, the platform should be simple, easy to use, and very intuitive—i.e., it should not be overly complicated to trade on the platform. Fourthly, the platform should come with access to customer service in case a bug does arise or something does go wrong with the platform’s trading application. Fifth, and finally, the platform should have a great app that does not drain one’s phone and is great for trading. Based on these five criteria, Robinhood is a good trading platform because it is free to trade, offers a variety of instruments from stocks to options to cryptocurrencies, it is simple and not complicated to use, it finally now provides access to customer service, and its app is great.First off, when it comes to online stock trading platforms, Robinhood is a relative newcomer. Founded in 2013, the company has quickly gained a loyal following among investors who appreciate its simple and intuitive interface (“Our Story”). But more importantly, and more to the point, Robinhood has changed the face of trading because from the get-go it offered free trades for all clients—which was simply something unheard of at the time. No other major platform from eTrade to Fidelity offered commission-less trading. Yet never in its life has Robinhood charged for people to buy or sell using its platform. The company simple does not charge commissions for trades, making it an appealing choice for cost-conscious investors. Of course, there are other platforms that now have followed in Robinhood’s suit and also do not charge commissions, but Robinhood was the first and therefore will always carry the mantle as being first to market on no-commission-trading. For that reason, it will reserve a special place in the heart of many retail traders, who appreciate what Robinhood did for the trading platform industry.Secondly, Robinhood is a good platform for trading because it offers a variety of instruments that one can buy and sell--stocks, options, and cryptocurrencies (“Investing”).

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This diversity allows traders to make the best possible decisions with respect to their portfolio composition and risk management. When it comes to investing, there is no one-size-fits-all approach. What works for one person may not work for another, and what is right for a particular investor at one point in time may not be the best choice later on. This is…

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…only does it have a great design, but it also does not drain your battery like other apps. This is important for people who are constantly on the go and need to be able to trade quickly and easily. The app also offers a variety of features that make it easy to track your portfolio and monitor the markets. Overall, the Robinhood app is one of the best investment apps available, and it is perfect for people who crave simplicity.In conclusion, Robinhood is a good trading platform for a variety of reasons. First, it is free to trade, which makes it accessible to a wide range of investors. Second, it offers a variety of instruments, from stocks to options to cryptocurrencies. This gives investors the ability to diversify their portfolios and take advantage of opportunities in different markets. Third, the platform is simple and not complicated to use. This makes it ideal for novice investors who want to get started in the market without having to navigate a complex interface. Fourth, Robinhood now provides access to customer service, which was previously lacking. This gives investors the peace of mind that they will be able to get help if they need it. Finally, the Robinhood app is great. It is user-friendly and allows investors to track their portfolios and make trades on the go.….....

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