We found 11 online brokers that are appropriate for Trading Robinhood Day Investment Platforms.
Robinhood has expanded its platform to a great extent, with a unique service model which is highly attractive to investors. It has seen a fast rate of growth since taking its first steps into the brokerage industry, and was the first brokerage house to offer commission-free trading. It also developed a user-friendly mobile app to help novice traders place orders comfortably and without hassle.
The highly competitive nature of financial markets allowed Robinhood to capture a good portion of the market share due to its attractive accounts and offerings for customers. Robinhood day trading is becoming the preferred platform for more experienced investors too.
Day trading on Robinhood works in a similar way to other types of investments. Investors buy stock using Robinhood's mobile app and sell that stock later on the same day.
PDT stands for Pattern Day Trader, and it is a regulation that stops traders from making more than three day trades in a continuous period of five days if fails they have at least $25,000 in their accounts.
It should be noted that the five-day period is a rolling period: if a trade is made on Tuesday, the five-day count will be until the next week's Tuesday. This means smaller account holders cannot undertake scalping. They may not even be able to use highly active trading strategies. Some in the US believe this rule to be inconvenient and unnecessary.
Novice day traders are generally unfamiliar with the functions of various order types. To help them understand, Robinhood offers default order types in its mobile app. With the help of this feature, traders can easily buy their preferred shares.
Robinhood democratises it investing process. Their platform is user friendly, it is easy to understand, and facilitates making a trade with as few formalities as possible.
Robinhood is the first brokerage house to offer commission-free trading. Others have followed the concept but Robinhood is still preferred by many.
The Robinhood mobile app is one of the best in the industry. It provides easy and fast entering and exiting of trades. However, its analytics feature is not so useful. Its charts are not favourable when compared to other apps, such as the thinkOrSwim app of TD Ameritrade.
The rates offered by Robinhood are good and lower than most of their competitors, including E*TRADE and Schwab. It charges only 5 percent on all margin loans which are more than $1,000.
Some more advanced brokerage houses have also gained a competitive edge by offering commission-free trades. Many have started luring active traders with huge discounts and extra features, like high-quality charting. TD Ameritrade provides the thinkOSwim platform at no extra cost to its users, and it is considered one of the best free trading softwares. Even experienced traders love using it!
Robinhood lacks the technology provided by some brokerage houses.
Some well-known brokers sell their order flow to high-frequency traders. Virtu Financial, one high-frequency trader, pays route orders to investors before hitting the stock exchanges. In Robinhood's case, they pay up to even 10 times of what is paid by other discount brokers.
High-frequency traders know investors registered at Robinhood are likely to be less informed about the best ways of trading. Even, Robinhood app has set market orders as their default order type.
One of the main revenue sources for Robinhood is its Gold subscription which allows the use of margins along with access to analytics. Some brokers offer such services for free.
It is known that Robinhood's customer service standards are poor. There are lots of complaints about them on Twitter and Reddit. Schwab, Interactive Brokers, and Fidelity, are known to offer a more professional customer support service.
Currently, Robinhood offers stocks, ETFs, options, and cryptocurrencies. These asset classes may not be enough for several investors. Serious traders typically test out a variety of asset classes using different strategies.
Robinhood does not offer bonds, Forex, mutual funds, spot commodities, futures, or warrants. Interactive Brokers offers almost all these asset classes, meaning many investors are turning towards using it over Robinhood.
Although Robinhood has established itself a strong position in the trading industry, it does have both pros and cons. It might be a perfect platform for beginners, but experienced traders who want to explore a wider variety of asset classes are often disappointed by the services it has on offer.
We have conducted extensive research and analysis on over multiple data points on Robinhood Day Trading to present you with a comprehensive guide that can help you find the most suitable Robinhood Day Trading. Below we shortlist what we think are the best Robinhood Day Trading Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Robinhood Day Trading.
Selecting a reliable and reputable online Robinhood Day Trading Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Robinhood Day Trading Investment Platforms more confidently.
Selecting the right online Robinhood Day Trading Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Robinhood Day Trading Investment Platforms trading, it's essential to compare the different options available to you. Our Robinhood Day Trading Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Robinhood Day Trading Investment Platforms broker that best suits your needs and preferences for Robinhood Day Trading Investment Platforms. Our Robinhood Day Trading Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Robinhood Day Trading Investment Platforms.
Compare Robinhood Day Trading Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Robinhood Day Trading Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Robinhood Day Trading Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Robinhood Day Trading Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Robinhood Day Trading Investment Platforms that accept Robinhood Day Trading Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Robinhood Day Trading Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Robinhood Day Trading Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Robinhood Day Trading Investment Platforms below.
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