Robinhood is best suited for newbies who are willingly planning to invest into smaller quantities, together with fractional shares and cryptocurrencies, and require little in terms of research past seeing what others are trading. Robinhood’s claim to repute is they do not price commissions for stock, options, or cryptocurrency trading.
Due to enterprise-wide changes, they may be not the most effective free recreation in town. The company’s target purchaser base is young people new to investing, who get interested in the app through advertising and marketing that leans closely on phrases which includes “free” and “democratization, this tactic, till now has succeeded, drawing in 10 million accounts held through an unknown quantity of customers.
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