Best Online Stock Trade with $0 Commission

Stocks Keyword Button Best Online Stock Trade with $0 Commission

From which broker can you get the best online stock trade? Most stock trading companies charge between $5 and $10 for each stock transaction. Up until a few years ago, $5 was the lowest you could get for buying and selling stocks. However, now there's a brokerage that offers $0 commission: Robinhood.

Zero Commission? How Is That Possible?

With buying and selling stocks being mostly automated by computers, stock trading already costs brokerages virtually nothing. However, with the need to raise money in order to pay for expenses incurred by physical locations, professional brokers, financial advisers, customer service, etc. most brokers have neglected to reduce their trade prices.

Robinhood has taken advantage of the computer automation of stock trading, and passed all the savings onto investors in the form of $0 commission trades, making them the best online stock trade brokerage.

Related: Stocks vs Forex: Why Trade Forex?

How Does Robinhood Make Money?

Robinhood makes money in same way as a bank would, including collecting interest from borrowed money when people use a margin account, as well as accrued interest from customers' uninvested money. Robinhood also makes money from people investing directly in them. Already, Robinhood has made over $66 million just from investors wanting a piece of the company.

With few employees needed to run the business, Robinhood has huge profit potential as a brokerage, even while offering $0 commission trades.

Best Online Stock Trade: Benefits of Robinhood

Robinhood is a member of FINRA (Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation), which means your money is protected up to $250,000 in the same way a bank insures their account-holders money. The primary benefits they offer include:

  • Real-Time Trades
  • No Minimum Balance
  • $0 Commission Trades
  • Mobile Access

Trading with Robinhood is perfect for practicing day-trading (Find out How to Day-Trade with Less Than $25,000) as well as for swing trading, which is another reason they are the best online stock trade brokerage.

Mobile App for Google and Apple

Currently, Robinhood's trading platform is only available for Google Android OS and Apple iOS. The trading app cannot be used on a traditional computer or web-browser. If you do not currently own an Apple iPad or Google Tablet, spending a little bit extra in order to access virtually unlimited free trades through Robinhood's app is well worth it.

Here's the link to Robinhood's website. Note: No one from InvestGrowRepeat.com receives any commission from referring Robinhood. This recommendation is from personal experience of using Robinhood's trading app, and from a sincere appreciation of $0 commission.

Stocks vs Forex: Why Trade Forex?

Want to easily calculate your stop-loss and profit goals?

Download this easy-to-use Stock Profit Calculator. Just type in the stock price and it will automatically fill with stop-losses and profit goals. You can also change the percentages to match your personal needs, as well as enter in your margin use in order to keep your stop-loss at -1% of your account value.

The cost is only $1, which is just to help cover the costs of the automated system to send you the Calculator.

Stock Profit Calculator for Daytrading/Day traders - InvestGrowRepeat.com

Get the Stock Profit Calculator now.

Turn $2,000 into $514,172 in 5 Years by Day Trading

Pattern Day-Trade with Less Than $25,000

How to Day Trade with Daily Volatility

Day Trading Strategy Basics

How it Actually Feels to Day Trade

Day-Trade Articles

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