Robinhood App
A Stock Trading App
A Look at the Future of Digital Stock Trading
Warren Buffett famously stated, “Buy into a firm because you want to own it, not because you want the stock to go up.” Well, looks like new investors have really executed Warren Buffett’s famous advice in this pandemic.
A free stock trading app and unicorn fintech startup Robinhood witnessed 10X more net deposits during the pandemic for trading. Due to that, the company has just raised new funding of $280 million in its series F funding bringing its value to $8.3 billion.
Robinhood’s unique features and its usefulness in the trading domain have convinced us to include it in our App of the week column.
Downloads
10M+
User Reviews
4.8
Category
Finance (Fintech)
Available in
iOS/Android
What is Robinhood App?
Robinhood app is a commission-free trading mobile app that lets investors trade for stocks, ETFs, Options, ADRs (American depository receipts), and cryptocurrencies like bitcoin and Ethereum.
The company boasts of having more than 10M accounts in 2020 which was 1M back in 2016.
For research and better decision, The app provides analyst ratings, a list of top movers, earning calendars, and links to earning calls. You can also find candlestick charts available in the mobile app. Users can know their stocks better by seeing the popular stocks, and “People also bought”
One of the best things about the Robinhood stock app is that it allows you to purchase fractional shares. Sometimes In some cases, it happens that some investors may not be able to purchase one share of big companies like Google or Amazon. Fraction shares is a way to purchase a portion of the particular share. It is really good and helps you to have a diverse portfolio.
Screenshots of the Robinhood App
If you want to make Robinhood like app, you can take inspiration from its
design and user flow. Below are the screenshots of the app.
How Does Robinhood Stock App Work?
An easy onboarding experience makes the app the first choice of investors. It is quick and painless. As soon as you sign up in Robinhood, the app asks you questions like personal information, contact details, social security number, and means of funding your account.
Customers are verified instantly in less than one hour and they can start investing in stocks of different companies. What’s appealing is that you can invest as low as $1 in any stock.
RobinHood allows the investors to sort and find companies through filters like firms with women CEOs, entertainment companies, banking companies, and other things. Additionally, the tab bar at the bottom allows users to access the watch list, portfolio values, transaction history, and account statements. The app allows you to stay informed on the latest news about the current market trends and stock activities. The amazing thing about this app is that it not only provides a trade on stocks, bonds, and ETFs but you can also invest in cryptocurrencies like bitcoin.
After learning all the amazing features that the Robinhood app has to offer, we would say kudos to the Fintech app development company that created this legendary app.
Top Features of Robinhood
If you are looking forward to making a stock trading app like Robinhood, you need to at least add these features to your app.
Cost Breakdown of Trading App like Robinhood
| Features | Mobile App (Hours) | Approx Cost |
|---|---|---|
| Dashboard | 26 | $900 |
| Investment Portfolio | 30 | $1,800 |
| Collection of Market Data | 20 | $2,000 |
| Stock Trading Functionality | 9 | $500 |
| Smart Notifications | 10 | $5,500 |
| Watchlist | 24 | $4,580 |
| Fund Transfer | 55 | $9,600 |
| Data Protection | 100 | $9,600 |
Apps Avilable On!
You can download the from the Play store and App store
Fintech apps are seeing a tremendous amount of growth during the COVID 19 times. If you want to build an app like Robinhood in your city, then it is the appropriate time for you.
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