What is Robinhood?
Robinhood is a stock brokerage that allows customers to buy and sell U.S. listed stocks and ETFs with $0 commission. We believe that everyone should have access to the financial markets and are on a mission to inspire a new generation of investors.
How are we able to offer commission-free trading while others charge up to $10 per trade? Robinhood was built from the ground up to be as efficient as possible. By cutting out the fat — hundreds of storefront locations, manual account management, expensive Super Bowl ads, etc. — we are able to maintain a lean bottom-line and pass the savings along to you, the customer.
Robinhood is an SEC registered broker-dealer and member of FINRA & SIPC. (The information below is based on company websites as of April 30, 2016. For more information, please see our Commission and Fee Schedule)
Robinhood’s story begins almost a decade ago at Stanford University, where co-founders Vlad Tenev & Baiju Bhatt were roommates and classmates.
After spending long nights toiling on problem sets together, the two decided to pack their bags and head to Wall Street to build a company that made trading platforms for some of the world’s largest financial institutions.
They soon learned that electronic trading firms pay effectively nothing to place trades on the market. On the other hand, everyday investors were taxed up to $10 per trade. Baiju and Vlad realized it was time to bring this advantage to everyone. By automating many of the costly duties that existing brokerages maintain as a holdover from the pre-Internet era, they could build a much more cost efficient and enjoyable brokerage.
We’re hiring across multiple teams! You can check out our openings here.
If you are planning to write about Robinhood, please email firstname.lastname@example.org for more information.