Investments

How to start investing with Robinhood Investing?

The first step to start investing is to choose your broker. The second is to open your brokerage account. If you've read about Robinhood and want to join it, this article has some information about it for you.

Advertisement

Join Robinhood Investing: the easiest way to start investing and learn more about it

robinhood investing app
Open your account on the Robinhood Investing platform. Source: Adobe Stock.

Opening a brokerage account with Robinhood Investing is as easy as using the app. With a highly intuitive platform, it has become one of the top choices of novice investors for several reasons.

In addition to the educational features and simple interface, the app is entirely free to use and does not charge any commission for buying and selling your ETFs, Cryptos, etc. In addition, new members win a completely free stock, chosen by lottery. Are you lucky to get a valuable Stock?

Learn more about the requirements to open your account on Robinhood Investing and how to do it.

card

Online Broker

Robinhood Investing

comission free mobile app

The best prices to start investing right away.

You will be redirected to another website

Open account online

First, let’s take a look at the eligibility requirements:

  • Be a U.S. citizen at least 18 years old.
  • Provide a legal U.S. residential address.
  • Inform your Social Security Number.

As Robinhood works primarily through its mobile app, you’ll need a smartphone that supports it, whether it’s an Android or iOS. So, if you have everything you need, let’s open this brokerage account.

Go to the Robinhood website to start your process. There will be a lot of information for you to provide, just like in every broker. But with a little patience, it will be over soon.

Enter your name, email, and password to create your login. Proceed with your personal info, like phone number, address, birth date, SSN, etc.

Next, Robinhood Investing will set your investment profile. They want to know your investment experience, your employment status, your net worth, etc. Read carefully the terms and conditions, and once you finish reading, agree with them and submit your info. It can take 24h-48h to get your account approved.

Join using the app

robinhood investing app
You can open your account through your cell phone. Source: Adobe Stock.

Now that you already have your account, you should download the Robinhood Investing app and log in to start managing your account. You can fund it by making a deposit, and start buying and selling your stocks, ETFs, Crypto, or Options.

Robinhood Investing vs. Ally Invest: choose the best for you!

Here, on The Mad Capitalist, we intend to let you well informed about your options. It is important for you to make a good research and always consider more than one broker before making a decision.

To give you a better overview of Robinhood’s features, let’s compare it with another investing app. Ally Invest is a tough competitor among online brokers and mobile investing apps. Its costs are relatively low and it offers a good range of investment options for you. Let’s look at their features side by side on this comparative table.

Robinhood InvestingAlly Invest
Trading fees$0$0 for eligible U.S. stocks
$0,50 per options contract
$9.95 per trade with mutual funds
Account minimum$0$0
PromotionGet one free stock for signing upCash bonuses for deposits starting at $10,000
Investment choicesStocks
ETFs
Options
Crypto
Stocks
ETFs
options
mutual funds

Are you wondering if Ally Invest is the right investing app for you? To solve this question, read the full review we’ve made about it. We’re sure you’ll find the information you need to clarify your thought and make a conscious decision.

Ally Invest mobile app

How to join Ally Invest?

Opening an account with Ally Invest is a simple process. In this article we’re going to show you how to do it. So read on and learn how to open your account!

About the author  /  Julia Bermudez

Julia Bermudez is a writer here on this portal. Since childhood, writing has been a passion, and her curiosity for different subjects led to this profession. Julia has a degree in Cultural Production, and her subjects of most significant interest are health, finances, and self-development.

Trending Topics

content

Wells Fargo Autograph℠ Card review

Read our Wells Fargo Autograph™ Credit Card review, and learn how to enjoy multiple benefits. No annual fee, cash back rewards!

Keep Reading
content

Temporary Assistance for Needy Families (TANF): a guide for the program

This guide provides an overview of Temporary Assistance for Needy Families (TANF), including who is eligible and how to apply. Read on!

Keep Reading
content

Luxury Titanium or Luxury Black card: choose the best!

Choosing between Luxury Titanium or Luxury Black is not easy, as they're both excellent travel credit cards. Check these review to decide.

Keep Reading

You may also like

content

Affordable Connectivity Program (ACP): for low-income families

The Affordable Connectivity Program is working hard to bridge the digital divide to Americans. Learn more about their mission here!

Keep Reading
content

Appy for the Neo Credit Card: No annual fee!

Learn how to apply for the Neo Credit Card and unlock high cashback rewards with a seamless digital banking. Start now!

Keep Reading
content

Sallie Mae Student Loan review: how does it work and is it good?

In this Sallie Mae Student Loan review you will learn about what it is, whether this is the right loan for you and its pros and cons.

Keep Reading