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Robinhood app — how it works and everything you need to know

Robinhood is an online trading platform founded in 2013 that offers unlimited commission-free trading and features an easy-to-use mobile app. It’s become the trading platform of choice for the Millennial generation. 

Why are over 13 million people trading on this relatively new platform with a quirky name rather than using well-established full-service brokers like TD Ameritrade, Fidelity, or Charles Schwab? Because Robinhood, as the name implies, makes it extremely simple for anyone — not just the wealthy — to invest in the financial markets. All you need is a bank account and as little as $1 and you can be trading in minutes. 

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