How Robinhood Uses Social Media To Attract More Investors
Robinhood provides 100% commission-free stock, options, ETF and cryptocurrency trades, and its account minimum is $0 too. Mutual funds and bonds aren't supported, and there's only one account option. Still, if limiting costs is your No. 1 concern, Robinhood is a solid choice.
Robinhood is a FINRA-approved broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation. The company's main source of revenue comes from interest earned on customers' cash balances and margin lending.
Get A Free Share of Stock! >>>>>>>>>> Click Here!
Robinhood has over 6 million users because they use social media sharing links within their app to get existing members to attract even more investors. It’s adding tools, features and information on other users’ activity that makes the experience feel more like a social network.
As of January 2015, 80% of the firm's customers belonged to the "millennial" demographic (people born in the 1980s through mid-1990s) and the average customer age was 26. Fifty percent of users who have made a trade use the app daily and 90% use to the app weekly. By February 2018, Robinhood had 3 million user accounts, around the same number as the online broker E-Trade.
Pros & Cons
PROS
No commissions on stock trades.
No account minimum.
Streamlined interface.
CONS
No retirement accounts.
No mutual funds or bonds.
Limited customer support.
Best, Edwin Dearborn
P.S. Get A Free Share of Stock! >>>>>>>>>> Click Here!
Articles from Edwin Dearborn
View blogMore than 30 million companies use LinkedIn for business. I can say with 100% certainty that your ne ...
I have MORE opportunities coming to me right now. Yes, while the world is seemingly falling apart on ...
I want to share with you a common theme that keeps appearing, one about Financial Sovereignty. · Sin ...
You may be interested in these jobs
-
Cashier
Found in: beBee S2 US - 2 days ago
Pilot Company Rayville, United StatesCompany Description · Pay Rates Starting between: $ $13.65 / hour Are you passionate about team building, customer service, and meeting new people? Pilot Company offers a dynamic environment where no two days are the same. Team members have the opportunity to build an inclusive a ...
-
Case Management Registered Nurse
Found in: Jooble US O C2 - 5 days ago
Supplemental Health Care Bakersfield, CA, United States Full timeJob Description: As one of the largest Healthcare jobs placement agencies in the U.S., Supplemental Health Care has been partnering with RNs for more than 30 years. We're now seeking Case Management RNs for openings at a hospital in Bakersfield, California. Our goal is to help o ...
-
Travel Nurse RN
Found in: Jobget US C2 - 2 days ago
LeaderStat Olathe, KS, United StatesLeaderStat is seeking a travel nurse RN ICU - Intensive Care Unit for a travel nursing job in Olathe, Kansas. · Job Description & Requirements · Specialty: ICU - Intensive Care Unit · Discipline: RN · Start Date: 04/07/2024 · Duration: 13 weeks · 36 hours per week · Shift: 12 hou ...
Comments