Robinhood Reviews & Ratings

4.3/5

“Great for Beginners but Limited Investment Options”

When I started investing, Robinhood was the first app I used. It was super easy to set up, and I liked that I didn't have to pay any fees to buy or sell stocks. The app looks nice and is simple to understand. But after a while, I wanted to invest in mutual funds and bonds, and I found out that Robinhood doesn't have those options. That was a bit disappointing because I wanted to diversify my investments.

Pros : Robinhood is easy to use and has no commission fees.

Cons : It doesn't offer mutual funds or bonds.

Switched from : Fidelity

Reason to switch : Fidelity offers a wider range of investment options, including mutual funds and bonds, which helped me diversify my portfolio.

4.2/5

“Great for Beginners but Limited Investment Options”

As someone new to investing, I found Robinhood's platform very welcoming. The educational content helped me understand the basics. However, I was disappointed to find out that I couldn't invest in mutual funds or index funds through the app.

Pros : The app is intuitive, easy to navigate, and packed with educational resources.

Cons : Robinhood offers no mutual funds or index funds, which are important for diversification.

Switched from : Fidelity

Reason to switch : Fidelity provided a wider range of investment options, including mutual funds, which suited my long-term investment goals better.

4.2/5

“Convenient for Trading but Concerns About Reliability”

I enjoyed the convenience of trading on Robinhood without paying commissions. The mobile app is sleek and easy to navigate. However, I experienced some technical issues where the app would freeze or not update prices, which was frustrating during active trading sessions.

Pros : Robinhood offers commission-free trades and a sleek mobile app.

Cons : There have been instances of the app freezing and not updating prices, requiring a restart.

Switched from : Webull

Reason to switch : Webull offered a more stable platform with real-time data updates, which improved my trading experience.

4.2/5

“Convenient for Trading but Concerns About Reliability”

I enjoyed the convenience of trading on Robinhood without paying commissions. The mobile app is sleek and easy to navigate. However, I experienced some technical issues where the app would freeze or not update prices, which was frustrating during active trading sessions.

Pros : Robinhood offers commission-free trades and a sleek mobile app.

Cons : There have been instances of the app freezing and not updating prices, requiring a restart.

Switched from : Webull

Reason to switch : Webull offered a more stable platform with real-time data updates, which improved my trading experience.

4.2/5

“User-Friendly Interface but Limited Research Tools”

I found Robinhood's interface very clean and easy to use. It was great for getting started with investing. However, as I wanted to delve deeper into market analysis, I noticed the app didn't offer the in-depth research tools I needed.

Pros : The app's interface is simple and designed with beginners in mind.

Cons : Robinhood lacks comprehensive research tools and detailed market analysis.

Switched from : E*TRADE

Reason to switch : E*TRADE provided more advanced research tools and market insights, which helped me make better investment decisions.

4.2/5

“Fast and Reliable but Customer Support Needs Improvement”

I appreciate how quickly I can execute trades on Robinhood. The platform is stable, and I haven't experienced downtime. However, when I had an issue, reaching out to customer support was a hassle since they only offer email support, and responses took a while.

Pros : Robinhood provides fast and reliable access to markets.

Cons : Customer support is available via email only, which can be slow.

Switched from : Charles Schwab

Reason to switch : Charles Schwab offered more robust customer support, including phone assistance, which I found more reassuring.

4.2/5

“User-Friendly but Customer Support Could Be Better”

I enjoy using Robinhood because it's straightforward and lets me make trades quickly. The design is clean, and I can find what I need without any trouble. However, when I had an issue with a transaction, it took a long time to get help from customer support. They only have email support, and I had to wait days for a reply. That was frustrating because I needed assistance right away.

Pros : The app is intuitive and great for quick trades.

Cons : Customer support is slow to respond.

Switched from : Charles Schwab

Reason to switch : Charles Schwab provides better customer service with quicker response times, which gives me more confidence when I need help.

4.1/5

“Innovative Features but Risky for Impulsive Traders”

I liked how quickly I could deposit money and start trading on Robinhood. However, I realized that the app's simplicity made it too easy to make trades without thinking them through. I ended up making some impulsive decisions that I later regretted.

Pros : Robinhood's instant deposit and easy access make trading convenient.

Cons : The ease of trading can lead to impulsive decisions without proper research.

Switched from : TD Ameritrade

Reason to switch : TD Ameritrade's platform encouraged me to research more before trading, helping me make more informed decisions.

4/5

“Easy to Use and Affordable but Overwhelming at First”

I started using Robinhood to invest in stocks. The app is very user-friendly, and I quickly learned how to buy and sell. However, at first, all the options and charts were a bit much for me. After spending some time exploring, I got the hang of it. Now, I feel more confident in managing my investments.

Pros : Robinhood is easy to use and navigate through the features. The dashboard is simple, and I got a grasp of what is happening quickly.

Cons : When I first used it, I found the platform to be a bit overwhelming. There are a lot of features, and it took me some time to learn them.

Switched from : E*TRADE

Reason to switch : Robinhood offered a more affordable solution without compromising on the features when compared to E*TRADE.