Robinhood
robinhood.comSummary
Robinhood is a financial services platform that offers commission-free trading for stocks, options, and cryptocurrencies. It provides tools for analyzing, buying, and selling various assets, along with managed portfolios for its Gold members. Additionally, Robinhood includes an educational 'Learn' section to help users understand investing basics and other financial topics.
Features4/12
See allMust Have
3 of 5
Prepaid Debit Card (Cash App Card)
Commission-Free Stock Trading
Bitcoin Trading
Instant P2P Transfers
Early Direct Deposit
Other
1 of 7
Fraud Monitoring & Security
High-Yield Savings
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
PricingFreemium
See allRobinhood Gold
- Expert-managed portfolio and real-time market insights
- Zero management fees on every dollar over $100k
- $1k of interest-free borrowing
- Industry-leading margin rates (4.7-5.75%)
- Up to $50K instant deposits daily
- Lowest fees on the market—$0.35 per index option contract
- 3% match on annual IRA contributions
Rationale
Robinhood is a strong competitor as it offers commission-free stock trading and bitcoin trading, which are core features of Cash App. It also offers a prepaid debit card (Robinhood Cash Card) and high-yield savings (4% APY on uninvested cash for Gold members). While it doesn't explicitly mention instant P2P transfers or early direct deposit as primary features, it does have a 'Robinhood spending account' and 'instant deposits' which could be related. The website also highlights security features, aligning with fraud monitoring. However, the primary focus is on investing rather than a comprehensive mobile banking solution like Cash App.
