Robinhood Trading rating

Robinhood IRA Review and ROTH IRA Fees (2025)


Robinhood IRA Accounts


Robinhood was the first U.S. broker to offer $0 stock trades. Now that most brokers match that, how does Robinhood stack up? This review will answer that.


Robinhood Advantages...


Low margin rates. Robinhood offers cheap borrowing costs.

Contribution match. Few brokers have one.

No per-contract option fees. Exercises and assignments are free too.


Robinhood Disadvantages...


Limited account types. No custodial, trust, or entity accounts.

Basic trading tools. Many features are missing.

No mutual funds. You can’t trade funds here.


Tradable Assets


Robinhood App Rating

Robinhood offers:

  • Stocks
  • Options
  • ETFs
  • Closed-end funds
  • Some OTC stocks
    • Aave (AAVE)
    • Avalanche (AVAX)
    • Bitcoin (BTC)
    • Bitcoin Cash (BCH)
    • BONK (BONK)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Compound (COMP)
    • Dogecoin (DOGE)
    • Dogwifhat (WIF)
    • Ethereum (ETH)
    • Ethereum Classic (ETC)
    • Litecoin (LTC)
    • Pepe (PEPE)
    • Shiba Inu (SHIB)
    • Solana (SOL)
    • Steller Lumens (XLM)
    • Tezos (XTZ)
    • Trump (TRUMP)
    • Uniswap (UNI)
    • USDC (USDC)
    • XRP (XRP)
    Cryptocurrencies

You won’t find futures, regular forex, mutual funds, bonds, CFDs, warrants, or precious metals.


Customer Service


Robinhood Customer Rating

To keep trades free, Robinhood cuts support corners.

They have 24/7 phone support: 650.940.2700.

There’s no chat or extensive self-help. You can email via Robinhood.com/contact.

No physical branches exist.


Account Types


Robinhood Account Rating

Only individual/joint cash and margin accounts as well as Traditional/ROTH IRA. No business, trust, custodial, or 401(k) plans.

Every new account is margin-enabled.

No fees or minimums, but moving your account out costs $100.


The Cost of Trading


Robinhood Cost Rating

Robinhood never charges commissions on any trade, including options and exercises.

Phone orders with an agent are free.

Robinhood Gold costs $5/month. It gives larger instant deposits, Level II quotes, and Morningstar reports.


Robinhood Promotion


Free stock up to $200 and 3% match when you open an account.

Open Robinhood Account



Mobile Platform


Robinhood Mobile Rating

Robinhood’s app runs on iOS and Android phones—not tablets.


Robinhood trading review


The app has basic charts: line or candlestick, no drawing tools, no horizontal view.

You see live and extended-hours quotes, volume, highs, lows, and last price.

The app shows what other users are buying.

The order screen splits for options or stocks. For options, it asks if you think the stock will go up, down, or stay flat, then suggests short-, mid-, or long-term trades, including straddles and strangles.

Stock orders: market, limit, stop-loss, and stop-limit. You choose market-hours only or full-day.

The Apple Watch app shows a watchlist, a small chart, and trade confirmations.


Website


Robinhood Investing Rating

Robinhood’s website looks like the app, with light mode when markets are open and dark mode when closed.


Robinhood Stock Trading Review


Charts on the site are a bit better than on the app: you can rotate them horizontally and use four basic indicators.

You can adjust the chart height and the indicator area size at the same time.


Robinhood charting


The web order ticket adds trailing stops. To trade after-hours, check a box for extended-hours execution.

To trade options, you must leave the chart and click “Trade Option” on the stock’s page. You can place stock orders from the chart.

Option trading on the web only shows calls or puts, not full chains. It works fine but looks different.


Funds


Robinhood Mutual Funds Rating

There are no mutual funds, but you can trade ETFs and closed-end funds. The screener is basic.

You can browse ETFs under “Popular Collections” on the dashboard—categories like “Video Games” or “Upcoming Earnings” include an ETF tag.

Clicking “ETF” shows about 500 funds you can filter by market cap, analyst rating, day change, and price.

Closed-end funds have no screener. To find them, go to robinhood.com/collections/closed-end-fund.

Fund pages list P/E, yield, market cap, and earnings history—no analyst notes or recommendations.


Security Analysis Tools


Robinhood Investments Research Rating

Robinhood has no stock screener. You can only use “Popular Collections” to find groups like technology or finance.


Robinhood stock investing review


On a collection page, you can filter by price using a slider and change the period from one day to five years.

The site has basic FAQs but little financial education.

No third-party stock reports are available.


Trading Option Contracts


Robinhood Trading Rating

Option tools are limited—no calculators, screeners, P/L diagrams, or Greeks.


Robinhood options trading review


On web and mobile, calls and puts are shown separately instead of full chains.

The mobile app first asks if you expect the stock to go up, down, or stay flat, then suggests buying a put, a call, a straddle/strangle, or an iron condor.

  • Buy a put
  • Buy a call
  • Buy a straddle or strangle
  • Buy an iron condor

On the website, these strategies aren’t listed—you must build them yourself.


Digital Currencies


Robinhood Crypto Rating

Robinhood’s crypto offering includes:

  • Aave (AAVE)
  • Avalanche (AVAX)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • BONK (BONK)
  • Cardano (ADA)
  • Chainlink (LINK)
  • Compound (COMP)
  • Dogecoin (DOGE)
  • Dogwifhat (WIF)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Pepe (PEPE)
  • Shiba Inu (SHIB)
  • Solana (SOL)
  • Steller Lumens (XLM)
  • Tezos (XTZ)
  • Trump (TRUMP)
  • Uniswap (UNI)
  • USDC (USDC)
  • XRP (XRP)

You can view data for coins like NEO or Zcash, but you can only trade when Robinhood’s site is up.


Robinhood Crypto Review


You can’t move crypto on or off Robinhood—you must sell to cash out.

They plan to add more coins later.


Robinhood Promotion


Free stock up to $200 and 3% match when you open an account.

Open Robinhood Account


Other Services


Robinhood Services Rating

Robinhood offers dividend reinvestment for eligible stocks and ETFs. No auto-invest for mutual funds yet.


Comparison


Robinhood Comparison

Now that many brokers offer $0 trades, Robinhood faces more competition.

Most still charge option fees; Firstrade matches Robinhood’s zero per-contract policy.

Robinhood’s tools lag; WellsTrade is similarly basic.

Unlike Schwab or Fidelity, Robinhood has no global stock access.


Recommendations


Mutual Fund Investors: Go with Schwab or Firstrade.

IRA Accounts: Robinhood offers a 3% IRA match—unique among brokers.

Beginners: The simple app helps new traders get started.

Active ETF/Stock Traders: With $0 trades and good desktop tools, Webull edges out Robinhood.

Long-Term Investors: Charles Schwab—branches, target-date funds, and planning services.

Small Accounts: No fees or minimums make Robinhood a solid choice.


Robinhood Review Summary


Robinhood excels in pricing, crypto, and easy cash management but falls short for serious active traders.


Robinhood Website


Free stock up to $200 and 3% match when you open an account.

Open Robinhood Account


Updated on 4/8/2025.