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

by Julia Bermudez

Published on 05/10/2022

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.

Advertisement

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.

Advertisement

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

Twitter shareholders filed a lawsuit against Elon Musk

Twitter shareholders are claiming the billionaire deflated the company’s stock prices on purpose to walk out or renegotiate his bid.

Keep Reading
content

Chime Credit Builder Visa card review: get your credit score back in shape!

The Chime Credit Builder Visa card is unique, and you'll get a real Visa credit card with no credit check. Get yours for a $0 annual fee.

Keep Reading
content

Mortgage statement: what it means and how to read it

A mortgage statement can be confusing, but this guide will break it down so you know exactly what's going on. Read on!

Keep Reading

You may also like

content

SoFi Mortgage review: how does it work and is it good?

A detailed SoFi mortgage review and how it works so you can decide whether you should use them to get a loan.

Keep Reading
content

Application for the Upgrade Bitcoin Rewards Visa®: how does it work?

To get into the cryptocurrency market, apply for an Upgrade Bitcoin Rewards Visa® and start receiving your cashback as Bitcoin.

Keep Reading
content

CarLoans.com review: how does it work and is it good?

Do you want to get a car loan, regardless of your bad credit score? Read this CarLoans.com review, and find out more! Fast approval!

Keep Reading