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Robinhood Fees and Spreads

Robinhood Fees and Spreads

 

 

Best USA Forex Brokers Robinhood

Overall Rating

4.1/5

Rated #507 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FINRA 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Robinhood does not provide a spread list and commissions start from $0.

Robinhood doesn’t charge any account fees, while deposits and withdrawals are also free of charge. Robinhood does not charge an inactivity fee.

Finding a reputable list about Robinhood Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

Robinhood does not provide a spread list and commissions start from $0.

The trading fees that traders can expect will depend on the account that they choose to hold with Robinhood. Traders have the option between the following trading accounts:

  • Robinhood Instant
  • Robinhood Gold
  • Robinhood Cash

 

Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.

It is unclear whether Robinhood charges traders such fees due to the broker’s unique offering and the financial instruments which are offered. Information such as this must be verified with Robinhood before traders register a live trading account and make the minimum deposit.

Robinhood does not make provision for an Islamic Account for Muslim traders who follow the Sharia Law. This means that should overnight fees or swap fees apply, Muslim traders must ensure that they close all positions before the trading day concludes.

However, should such fees not be charged, Muslim traders can verify what the process involved is with regards to holding positions overnight.

Robinhood does not offer spread betting and thus spread betting fees do not apply.

 

Best USA Forex Brokers Robinhood

Overall Rating

4.1/5

Rated #507 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FINRA 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Robinhood does not charge either deposit fees or withdrawal fees. Traders are granted access to the following payment methods when funding the account or when withdrawing funds from it:

  • Debit card
  • Credit card
  • Bank Wire Transfer

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

There are no other fees indicated for Robinhood. However, this does not indicate the absence of such fees. Before registering a live account, traders are urged to verify all trading and non-trading fees.

 

Pros and Cons

✔️ PROS  ❌  CONS
Competitive trading conditions No demo account
Free US stock and ETF trading No Islamic account
Segregation of funds for clients No South African clients
Variety of accounts
Well Regulated

 

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You might also like: Robinhood Demo Account

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You might also like: Robinhood Account types

 

FAQ’s

 

How many instruments can I trade with Robinhood?

You can trade the following financial instruments:

  • Stocks ETFs
  • Options
  • Cryptocurrency
  • American Depositary Receipts for over 250 global companies.
  • Fractional shares

 

Which platforms are supported by Robinhood?

Robinhood Web Trading Platform.

 

Does Robinhood offer leverage?

No, Robinhood does not stipulate maximum leverage on their website.

 

What spreads can I expect with Robinhood?

Spreads, if charged, may depend on the type of account.

Does Robinhood charge commission?

It is unclear whether account holders are subjected to commission charges. Traders must verify this information with the broker as it is not stated on the website.

 

Is Robinhood regulated?

Yes. Robinhood is regulated by FINRA.

 

Is Robinhood a recommended forex trading broker for experts and beginners?

No, due to Robinhood not providing a demo account, they are more adapted for experts.

 

What is the overall rating out of 10 for Robinhood?

3/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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