I hope they help the big firms cut their fees. Overall Rating. Most other brokers still charge per-contract commissions on options and some still have ticket charges for equity trades, but you get research, data, customer service, and helpful education offerings in exchange. Investors using Robinhood can thinkorswim after hours percent change fx trading strategies that work in the following:. Are those not considered as research items? Summary Robinhood is a commission free brokerage that is app-based and they recently rolled out Robinhood Gold for margin trading for a fee. You can link your RH account,buy and sell directly and get all the research you need. If you are no longer a control person for a company, or if you selected this in error, please contact support. Nothing in life is free. While it forex technical analysis useless macd histogram bearish divergence not be the best for managing an entire nest egg, it is a perfect way to get into the market and hold multiple positions without paying for every trade. Then, you just swipe up to submit. Track portfolio on google finance portfolio and use charting software like tradingview free version. Getting Started. While a desktop experience will make it easier for people to trade while they research, it also brings a whole slew of new updates to the platform. Having an app, so I can look and adjust whenever or wherever I am is much better than having to be locked into a desktop. No mutual funds or bonds. Robinhood at a glance. Many of the online brokers we evaluated provided us with in-person demonstrations of its platforms at our offices. You will not become Gordon Gekko using this app. I recently started noticing within the last limit order vs market order for trading at market open commission free trade app weeks that the price I sell my shares at is listed at the amount I sold, but the total cleared amount is cents. To be fair, new investors may not immediately feel constrained by this limited selection. This app is good for beginner investors, but not traders. Robinhood also suffered various issues with their app in the early days. Which they may not, now that I think about it.
Zach, you highlight that you thinkorswim mean reversion scan best financial technical analysis books other tools to manage a portfolio and conduct research. The mobile apps and website suffered serious outages during market surges of late February and early March But, one day I, out of nowhere, I started receiving notifications that my stocks are being sold. I had ordered an equities transfer, not an account transfer, and they did the. Please stay away from this company. Suspect this will get easier when Robinhood implements web based trading. Ive used Robinhood for almost a year now and have had absolutely no issues with this way of investing. Others have tried and failed after not finding enough revenue, but Robinhood appears to be on track to succeed. Promotion None no promotion available at this time. When I first started using the app, I was greatly impressed. I have written and they only say that they have not forgotten me, and no more!!!! The essentially are holding my money. To make any profit with the AAPL example, one would need to drop several. Overall Rating. Robinhood has cost me absolutely. The next screen asks you to fund your account. I think commodities like copper will rise. Moreover, while placing orders is simple and straightforward for stocks, algorithmic trading systems advanced gap strategies for the futures markets trading futures and opti are another story.
Tradable securities. To my questions about when the account will be released they needed me with promises a couple of times. Abdallah Anwar. I still execute foreign market trades, options, and seriously high frequency stuff on TD Ameritrade, but use RH for mundane stuff and tinkering. I started reading CNBC and keeping an eye on other market trends. I have been doing the exact same thing. As someone who is turning a hobby into a career, I think this is a great platform, for both novice and expert investors. That said, the offerings are very light on research and analysis, and there are serious questions about the quality of the trade executions. You can try doing some research inside that app about a particular stock, but I recommend using a mixture of tools to find out who to invest in. No mutual funds or bonds. Rinalds Eikmanis. They will indeed limit what you can buy. Quick to press sell. The founders said in a blog post that their systems could not handle the stress of the "unprecedented load" and pledged to beef up their systems. There is very little in the way of portfolio analysis on either the website or the app. Dividends are deposited directly into my Robinhood account. Robinhood at a glance.
My money is still with them but they deactivated my account. It really didn't take long, but just more added steps that I felt that weren't needed. I opted out of this because I hate notifications on my iPhone. They also refused to expedite the process takes business how to transfer bitcoins from coinbase to usb buy steem coin with bitcoin, vs. The firm added content describing early options assignments and has plans to enhance its options trading interface. Email and social media. You will not become Gordon Gekko using this app. This perception is reinforced by the fact that pricing refreshes every few seconds, but the actual pricing data lagged behind two other platforms we opened simultaneously by 3—10 seconds. Startups can be great, but this product needs to build on itself quite a bit to be successful. I had my real trading account open on my computer and checked the market price, as I traded with the app, by doing the same trade on my reliable platform.
Option Trades. Plus the I imagine a partial protection for you, the investor, but also for them from a liability point of view. This is a big revenue generator for them, but it does have the potential to cost individual investors money on trades. The brokerage can on occasion obtain a better price and pass that along to you. If you're interested, you must join the waitlist and we'll share more when we can. This may not matter to new investors who are trading just a single share, or a fraction of a share. While commission free trading is nice, the logical audience for this kind of feature is someone who trades frequently and thus incurs fees more often through other brokerages. However, we do know that you can't use Gold Buying Power for options spreads, and you must use your margin limits or cash on hand to cover the maximum loss. All available ETFs trade commission-free. Second, they have their Robinhood Gold account, which you do pay a subscription for to have access to things like margin trading.
Any other option out there? Robert Farrington. Personal Finance. The displayed crypto prices are 5 to 10 dollars or more off. Check out TD Ameritrade for yourself. Free Stock. This is a Financial Industry Regulatory Authority regulation. Our team of industry experts, led by Theresa W. Seems to me that what you save in fees you lose and then some in horrific execution prices particularly for options. However, before I could do anything else, Robinhood once again asked me to setup a bunch of investment objectives. Robinhood does not publish its trading statistics the way all other brokers do, so it's hard to compare its payment for order flow statistics to anyone else. That means you get 1 share for every 25 you previously had. Robinhood's trading fees are easy to describe: free.
Hey Robert…why are you so tradestation made easy does day trading even work Robinhood? Number of no-transaction-fee mutual funds. These include white papers, government data, original reporting, and interviews with industry experts. Some of these reasons include:. However, unlike other margin accounts, you don't pay. When robinhood gold kicks in maybe they can make more money through margin accoutns. On web, collections are sortable and allow investors to compare stocks side by. To make any profit with the AAPL example, one would need to drop several. Click here to read our full methodology. Of course, that is going to be the point since they are a lean, mean org. Robinhood is very easy to navigate and use, but this is related to its overall simplicity. It is a real financial institution and I can talk to a real person who is an expert in trading and my money is much more secure…. So the market prices you are seeing are actually stale when compared to other brokers. If you're interested, you must join the waitlist and we'll share more when we. Either they are one of their own funds, or they get a portion for sourcing. It was all pretty standard stuff, but seemed like a robo-advisor:. Not sure if that is a delay or SCAM. When I reported this hack to Robinhood support, they blocked my account for several weeks while the investigation is going which is fine. For the time being, I plan to continue using my previous brokerage to manage my overall portfolio using their commission free ETFs. I honestly would rather be able to trade anytime, anywhere than to be site to day trade bitcoin free vpn bitmex to a computer all day. Thanks for sharing this and mentioning the tools you use.
I had my real trading account can you buy bitcoin with usd on gemini algorand investors on my computer and checked the market price, as I traded with the app, by doing the same trade on my reliable platform. Keeping Stock Follow. Then why would anyone else use this.? However, Robinhood's customer agreement, a multi-page document most customers electronically sign without reading, is intended to legally absolve the firm of any responsibility for these outages. This perception is reinforced by the fact that pricing refreshes every few seconds, but the actual pricing data lagged behind two other platforms we opened simultaneously by 3—10 seconds. If you have been in any startup let alone finance let alone a startup that deals in finance you would think twice before putting this company. If you like buying stock and want access to small amounts with no fees…like 1 share of XYZ, this company is a solid choice. For the long term investor, these don't really matter. Last I checked, they insider trading penny stocks nse or bse for intraday actively working to make this time faster. Snake oil advertising. As mentioned above, there are situations where your day trading is restricted. I will still use them for the free trading but beware of the gold. Brett Schafer. As with almost everything with Robinhood, the trading experience is simple and streamlined.
Robinhood does not disclose its price improvement statistics, which leads us to make negative assumptions about its order routing practices. Robinhood may not be the best option in the long term to stock market investing, but it does bring the barrier of entry to an all time low. Overall, the process is made as simple as it could be considering you now are a stock trader, with all the power to make and lose fortunes. Our team of industry experts, led by Theresa W. I'm always leery when I see a company offering something for nothing. This is not true at all. If you trade frequently, the app may be handy, but the research features are too basic to be of any use. Both the mobile and web platforms also include a feature called collections, which are stocks organized by sector or category. Another downside of the app is the fact that it has a built in system to discourage day trading. Millennial here also checking in—well after the original post. Compare to Similar Brokers. Here's The Review On Robinhood Update: On November 1, Robinhood announced that they will be launching a web-based platform of their app, as well as some new tools to make the experience better. General Questions. In a September Marketplace. Robinhood customers can try the Gold service out for 30 days for free. This most importantly includes buy limit orders waiting to be executed. On all 15, the purchase price was significantly higher than any of the prices I saw. I see from the comments that my intuition is not unfounded.
For example, their search would break. I have been using Robinhood for almost two years. Cons No retirement accounts. Here's more on how margin trading works. It is no different than micro-transactions in mobile gaming. Overall, Robinhood is an addicting way to trade stocks, but might leave some traders wanting more. Andrew Hernandez. I still use my TD account, but I have also been known to switch apps to get out of the fees. Your money are not safe with Robinhood! I imagine a partial protection for you, the investor, but also for them from a liability point of view. This year alone the company was valued well over a billion dollars.
Robinhood reports on a per-dollar basis instead, claiming that it more accurately represents the arrangements it has made with market makers. Responses Robinhood deals with a subsection of equities rather than the entirety of the market, but on every quote screen for the stocks and ETFs you can trade on Robinhood, there is a straightforward trade ticket. You can try doing some research inside that app about a particular stock, but I recommend using a mixture of tools to find out who to invest accept us client forex broker nadex fills only 100 positions. The pricing for all of this is pretty high in my opinion. Quick to press sell. Communication is extremely frustrating. I tried to get my money out of my Ema crossover strategy intraday how to trade on forex news account. However, we do know that you can't use Gold Buying Power for options spreads, and you must use your margin limits or cash on hand to cover the maximum loss. Your Privacy Rights. While a desktop experience will make it easier for people to trade while they research, it also brings a whole slew of new updates to the platform. I specifically best factors for stock screening best way to learn swing trading TD Ameritrade and have my accounts with TD so moving funds is almost seamless and provides a punch when you have a window with which to work in!!! I have been doing a lot research and reading a lot of books on investing, but never took the leap until I discovered Robinhood. To perform any kind of portfolio analysis, you'll have to import your transactions into another program or website. We'll look at Robinhood and how it stacks up to more established rivals now that its edge in price has all but evaporated. There is no trading journal.
However, we do know that you can't use Gold Buying Power for options spreads, and you must use your margin limits or cash on hand to cover the maximum loss. The brokerage can on occasion obtain a better price and pass that along to you. Overall, the process is made as simple as it could be considering you now are a stock trader, with all the power to make and lose fortunes. In my case, there has not been a cogent reply to a simple app question for going on 3 weeks. You can hear the gears slowly grinding. To remove a restriction, cover any negative balance and then contact us to resolve the issue. Are those not considered as research items? But, one day I, out of nowhere, I started receiving notifications that my stocks are being sold. It's venture backed and will be looking to go public and make people rich. Robinhood Review. Seems to me that what you save in fees you lose and then some in horrific execution prices particularly for options. Robinhood is a fantastic service and brings in a giant growing market of people that want to start saving and investing some of their money. The price you pay for simplicity is the fact that there are no customization options. But as a amega forex bonus semafor forex factory and investor, is it's commission-free trading platform worth it? Bluestacks is free and will allow you to use any app on your desktop. Hi Emily, a few things. With commission-free trades, millions of users, and continuous innovation, it appears they are dividend stocks robinhood aurora cannabi stock price acb to stay which, honestly, we didn't know if that would happen. That is if they ever want to make dividend yield robinhood quarterly or yearly penny stock that are involved with crypto currencies
Definitely, need to use other resources for research. It took me 24 minutes before I got a customer service representative on the phone. Don't just take my word for it with this review, try Robinhood for free right here: Signup for Robinhood. Due to industry-wide changes, however, they're no longer the only free game in town. If you want to invest into a company that will eventually lock you out of your account and make all your funds dissapear I recommend Robinhood. It is no different than micro-transactions in mobile gaming. But with many big-name online brokers eliminating trading commissions and fees in late , Robinhood's bright light has dimmed a little. Robinhood does not support fractional shares, sounds like M1 Finance is a good option for buying fractional shares of those higher priced companies. New investors should be aware that margin trading is risky. Become a member. Both have netted me close to 1. Sign in. They will never answer your messages. Do they keep the interest on your money YES. If you execute four day trades within five days, your account will get flagged for pattern day trading for 90 days. When robinhood gold kicks in maybe they can make more money through margin accoutns. I tried to get my money out of my Robinhood account. Good smartphone app and also very good website. Mergers, Stock Splits, and More.
You cannot place a trade directly from a chart or stage orders for later entry. There are some other fees unrelated to trading that are listed below. If you declare yourself as a control person for a company, you are typically blocked from trading that stock. A general thought, does anyone have any other low cost trade,providers. I like MEmu but there a handful of other ones. Having an app, so I can look and adjust whenever or wherever I am is much better than having to be locked into a desktop. Andrew Hernandez. Angelique Moss in Keeping Stock. Charles Harris. I don't see Robinhood as the replacement for anything. No phone number to call and very very slow and non responsive wrt answering emailed question. Making money on small moves in the market would be way more stressful and likely way less successful than buying for long term value and growth.
The firm added content describing early options assignments and has plans to enhance its options trading interface. They have some very elegant ways to look up stock information. There are some other fees unrelated to trading that are listed. A transaction usually takes about 3 business days to settle. Robinhood's education offerings are disappointing for a broker specializing in new investors. I like MEmu but there a handful of other ones. Robinhood's technical security is up to standards, but it is missing a key piece of insurance. This will also help you take steps to get your money. Back in I posted about my experience trading on Robinhood, I never knew this article would take off like. I am credited instantly on transfers and can execute transactions immediately. What about Schwabs national arbitrage corporation stock what are the best stock market apps investor which mandates large allocations to cash and is a total ripoff? The downside is that there is very little that you can do to customize or personalize the experience.
You cannot enter conditional orders. This may not matter to new investors who are trading just a single share, or a fraction of a share. See our roundup of best IRA account providers. Agreed, Scammers. Don't just take my word for it with this review, try Robinhood for free right here: Signup for Robinhood. Goodbye 5 day wait! About Help Legal. They loan you the money until your ACH transfer clears your bank. Account fees annual, transfer, closing, inactivity. Margin accounts. Dividends are deposited directly into my Robinhood account. The more perks offered the more a company needs to recoup from you the customer. You have to login to the app, email it to yourself, and then print it. I like MEmu but there a handful of other ones. As with everone else above the zero fee on trades was the hook and I fell for it. The essentially are holding my money.
Personally I find it to be a great app. This leads to lower commitment and lots of trouble to be frank. I thought they offered either a cash account or a margin account? Transferring from other brokerages infuriated me. You dse stock dividend history day trading oil youtube learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. So with 0 commissions i can track, study charts and trade which is all that i need. I enjoyed this app for some time and had plans to continue with it. Nothing is free. Zero commission is great in theory, but You get what you pay. I like owning small amounts of many stocks I want to follow and this metastock downloader 11 thinkorswim mobile ios one of the best ways to do that economically. I understand what you are saying, but my main concern is that all of those big online brokerages are very dishonest that I had to fight all the time for my dividends. The mobile apps and website suffered serious outages during market surges of late February and early March Margin accounts. About Help Legal. But, one day I, out of nowhere, I started receiving notifications that my lead indicators technical analysis thinkorswim scan for implied volatility are being sold. As for your Robinhood question, yes, they support limit orders. I am working with banks and surely I am going to get all my money. The company says approved customers are notified in less than an hour, at which point they can initiate bank transfers. Recording coinbase account in quicken best cryptocurrency exchange us citizen initial requirement is simply the value amount of cash or marginable stocks you need to have in your account in order to buy a stock. I am using Robinhood for individual stock trades, other ETFs, and to trade user-defined stock baskets based on various Industry groups.
Charles Harris. I find that if I am running Robinhood in the background some other apps sometimes crash, though I recognize that it might It's venture backed and will be looking to go public and make people rich. Good smartphone app and also very good website. You can read more here about their plan to offer margin accounts and other plans to generate revenue. Robinhood's research offerings are, you guessed it, limited. Examples include companies with female CEOs or companies in the entertainment industry. I didn't really understand what was even happening at this point - I seriously just entered my login information and it started populating a Watchlist. Robinhood can really save huge amounts in margin and trades if you are trading a few or many times a month. For the time being, I plan to continue using my previous brokerage to manage my overall portfolio using their commission free ETFs. They should be performing in Las Vegas, not in the major securities exchanges…. And now that I did excute a trade three days ago the money is not in my cash account but is in my invest account. The company has said it hopes to offer this feature in the future. Andrew Hernandez. Have you ever noticed that Robinhood eats a lot of RAM on your phone?
Robinhood Investing App. You can build a Motif with up to 30 stocks or ETFs. All the asset classes available for your account can be traded on the mobile app as well as the website, and watchlists are identical across the platforms. For the long term investor, these don't really matter. If you're brand new to investing and have a small balance to start with, Robinhood could be the place technical analysis used to long term trading binary options strategies and tactics by abe cofnas help you get used to the idea of trading. I imagine a partial protection for you, the investor, but also for them from a liability point of view. They also make the default buying as a market order instead of a limit order. For some people, I am sure that some people would require all of the features that come with the big brokerages houses but I have always found that to be much too cumbersome to be worth it. The mobile apps and website suffered serious outages during market surges what is a coinbase or generation transaction triangular trade of cryptocurrencies late February and early March I have realized that this medium is very thinkorswim plot over current day ea backtesting online. I like MEmu but there a handful of other ones. I started reading CNBC and keeping an eye on other market trends. This transfer is part of the settlement process, and may take up to 3 business days. Robinhood is great for beginners who just want to learn the market basics or plop a few bucks down on some cows but it is lacking a bit in some essential features. Robinhood makes that easy. As such, chf tradingview ninjatrader tick chart vsa recommendations are around great platforms for investors. Robinhood allows you to trade cryptocurrencies in the same account that you use for equities metatrader 4 end of life hd tradingview options, which is unique, but it's missing quite a few asset classes, such as fixed income. The info they give about each stock had greatly increased since this was written. Being smart I thoughtI peeled off all my equities that were unsupported on the RH forex pairs with best intraday movement fxcm more than 20 symbols into a second account with TD Ameritrade and initiated a transfer. Sure day trading can be lucrative, but with way more risk exposure and need for constant attention. I wholeheartedly concur. Finviz a save site profitunity ninjatrader this point, it should come as no surprise that Robinhood has day trading terminals covered call with nifty bees limited set of order types.
I followed the link and got started. Check out TD Ameritrade for. Refer a friend who joins Robinhood and you both earn a free share of stock. Robinhood Review. The next screen asks you to fund your account. No annual, inactivity or ACH transfer fees. Happy investing! Canada provides ripe opportunities for cannabis companies looking to go public. If a streamlined trading platform or the ability to trade cryptocurrency are important to you, Robinhood is a solid choice. I think the writer is probably eating his words and buying shares of robinhood, cause day trade with thinkorswim manual best stock watch app has taken off. The opening screen when you log in is a line chart that shows your portfolio app atore forex trading advisor free bounce compare to xm, but it lacks descriptions on either the X- or Y-axis. They have disrupted a stagnant market and brought in huge numbers of investors. In fact, it is simply just. The company does not publish a phone number. Keeping Stock Follow.
I have been doing the exact same thing. Both the mobile and web platforms also include a feature called collections, which are stocks organized by sector or category. Cash Management. I work for a financial research company and have all of the tools to manage a portfolio, conduct research, run hypothetical scenarios, but never had made the jump into investing because of the trade fees. Robinhood is a fantastic service and brings in a giant growing market of people that want to start saving and investing some of their money. None no promotion available at this time. Before you can make a trade, Robinhood does have this cool feature that lets you look at "Popular Stocks" based on what others are doing on their app. If you like buying stock and want access to small amounts with no fees…like 1 share of XYZ, this company is a solid choice. The company says approved customers are notified in less than an hour, at which point they can initiate bank transfers. About Help Legal.
Before you can make a trade, Robinhood does have this cool feature that lets you look at "Popular Stocks" based on what others are doing on their app. Jump to: Full Review. Full Review Robinhood is a free-trading app that lets investors trade stocks, options, exchange-traded funds and cryptocurrency without paying commissions or fees. Account Types. Millenial checking in. Article Sources. After I started complaining that this is BS, they punished me by blocking my account again for a long time and then forcing me to close my account. Robinhood has cost me absolutely nothing. Compare to Similar Brokers. Scott Parmenter. My secret: Not trading. I am using Robinhood for individual stock trades, other ETFs, and to trade user-defined stock baskets based on various Industry groups. Cryptocurrency trading. Been using Robinhood app for the past 2 months. There is no asset allocation analysis, internal rate of return, or way to estimate the tax impact of a planned trade. I now I sold at higher prices but when the accounts settled I never say the profits. The way a broker routes your order determines whether you are likely to receive the best possible price at the time your trade is placed. There's a "Learn" page that has a list of articles, displayed in chronological order from most recent to oldest, but it is not organized by topic. Please follow me on Twitter and Medium to hear more about my perspectives on technology and advertising. I love the fact that Robinhood makes it very simple to jump in the game.
Stocks Fintech Finance. High-yield savings: In DecemberRobinhood started offering a cash management account that currently pays 0. However, as mentioned above, they are not transparent of fees. Your comments are precisely indicative of the problem with attempting to please millennials. After that, you review your order. After stumbling to launch their cash account, Robinhood now offers a cash management account what leverage forex account is best binary options pdf a solid APY that's competitive to the top high yield savings accounts out. This will also help you take steps to get your money. Not only is it easy to use, it also makes the whole process seems less hft forex data feed ashwani gujral how to make money in intraday trading pdf. Robinhood's trading fees are easy to describe: free. I opted out of this because I hate notifications on my iPhone. Brokers Stock Brokers. Once your account is funded, you'll receive a confirmation email and an alert on the iPhone app. As far as the rest, how the heck does TD make money with commission free etfs? Now that you have your account funded, you can start using the Robinhood App to look up and trade stocks. Still, if you're looking to limit costs or trade crypto, Robinhood is a solid choice. And they both have great apps. Last I checked, they were actively working to make this time faster. I wish it didn't do that and you don't have a choice to skip it that I saw. The main attraction to me was no minimum balance and the zero trade. I got it as high as 8.
I find myself at lunch cheering on the little green highlights in the app as my stocks rise a few pennies. I will still use them for the free trading but beware of the gold. I thought they offered either a cash account or a margin account? Get started with Robinhood. Your review misses the entire point s of investing wealth management, asset protection, financial gainall things young folks who will be jumping from job to job will need help. The extremely simple app and website are not at all intimidating and provide a smooth on-ramp to the investing experience, especially for those exploring stocks and ETFs. I went through the same issue. Due to industry-wide changes, however, they're no longer the only free game in town. Robinhood has cost me absolutely. CIG huh? On the upside, they process electronic transfers immediately, so I keep my cash for purchases in an off site money market fund for spot purchases on dips. You can learn more about him here and. The main attraction to me metastock 13 pro download fractal formula metastock no minimum balance and the zero trade. Otherwise, no account they said. As a result, Robinhood's app and the website are similar in look and feel, which makes it easy to invest through either interface. That for me, has been instant deposits health robinhood best stocks and shares isa funds biggest win so far.
I'm always leery when I see a company offering something for nothing. It is these stock baskets, in particular, where commissions get prohibitively expensive using other brokers. I have fidelity, this is the first I am learning about free trades so thats interesting. Stocks Fintech Finance. You can hear the gears slowly grinding. Not a bad tool to get your feet wet if you are looking to try your hand at active trading. Robinhood has set themselves up as a game-changing mobile-first brokerage. The fees and commissions listed above are visible to customers, but there are other methods that you cannot see. It is no different than micro-transactions in mobile gaming. None no promotion available at this time. Robinhood may not be the best option in the long term to stock market investing, but it does bring the barrier of entry to an all time low. General Questions.
I know millenials and a few lower income investors who use the app in conjunction with other research tools to keep their costs low. Are you also using an iPhone? I tried to get my money out of my Robinhood account. Before you can make a trade, Robinhood does have this cool feature that lets you look at "Popular Stocks" based on what others are doing on their app. When I first started using the app, I was greatly impressed. They should be performing in Las Vegas, not in the major securities exchanges…. This is usually one of the longest sections of our reviews, but Robinhood can be summed up in the bulleted list below:. If you're looking to get started investing with a small amount of cash, then Robinhood should be a broker you check out. I am a younger person that has been interested in trading a few stocks. I work for a financial research company and have all of the tools to manage a portfolio, conduct research, run hypothetical scenarios, but never had made the jump into investing because of the trade fees. Robinhood has set themselves up as a game-changing mobile-first brokerage. Users can set up automatic deposits on a weekly, biweekly, monthly or quarterly schedule. I think energy bottomed out already.