- Robinhood bills itself as a free platform to buy, sell, and trade investments.
- But users may pay various fees, and Robinhood passes on some third-party costs to customers.
- It's possible to avoid some of these costs, but not all.
- Visit Insider's Investing Reference library for more stories.
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Trying your hand at investing has become easier than ever, thanks to the emergence of companies that have made it more accessible. All it takes is for you to download the app of your choice, set up your account, fund it, and then you're on your way to trading.
One of the most popular options out there right now is Robinhood, which is known for fee-free trading. But there are actually some fees associated with using the app.
The Robinhood app
Robinhood was founded in 2013 and grew to one of the most popular services among young investors by 2021, with more than 18 million users and $80 billion in assets. The Robinhood app officially launched in 2015 with a simple interface and account management tools that allow you to check your real-time account balance, read your messages, monitor security prices, and check the latest investing news.
You can download the Robinhood app but will need to open a brokerage account, go through the...
Read Full Story: https://www.businessinsider.com/robinhood-fees
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