S. retail investors trade stocks, options, ETFs and over 30 cryptocurrencies without account minimums.
Funding
$648.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+25Founders
Product
Problem
Retail investors often face high commissions, account minimums, and limited access to IPO pricing, making it difficult to trade stocks, options, ETFs, and cryptocurrencies cost‑effectively. Additionally, there is a growing demand for automated trading tools that can execute strategies without requiring deep technical expertise.
Solution
Robinhood provides a commission‑free brokerage platform that lets users trade stocks, options, ETFs, and a wide range of cryptocurrencies without account minimums. The service includes direct IPO access, allowing users to purchase shares at the offering price. Robinhood’s “Agentic Trading” feature lets customers connect an AI agent to a dedicated account, set budget limits, and monitor trades through the mobile app, enabling automated strategy execution with built‑in safety controls. A virtual credit card linked to the AI agent offers 3% cash back on purchases, with customizable spending limits. Premium “Robinhood Gold” membership adds high‑yield cash accounts, larger instant deposits, and reduced fees on futures and index options for a $5‑per‑month subscription. The platform also offers real‑time market insights, advanced charting, price alerts, and a secure crypto wallet with staking rewards.
Target Audience
Primary customers are retail investors and self‑directed traders in the United States who seek low‑cost access to equities, options, and crypto, as well as tech‑savvy users interested in AI‑assisted trading and premium cash‑management features.
Features
- Commission‑free trading of stocks, options, ETFs, and over 30 cryptocurrencies
- Direct IPO participation at offering price with no minimum investment
- Agentic Trading: AI‑driven account with budget caps, trade notifications, and easy disconnect
- Agentic Credit Card: virtual card for AI agents, 3% cash back, spend limits, and transaction approvals
- Robinhood Gold subscription ($5/month) provides 3.35% APY on eligible cash, larger instant deposits, and reduced futures/options fees
- Integrated crypto features: zero deposit/withdrawal fees, staking rewards on ETH, SOL, ADA, and cold‑storage protection
- Advanced trading tools: custom price alerts, interactive charts, and AI‑powered insights via Robinhood Cortex