Robinhood App-A Stock Trading App

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+
Downloads
User Rating
4.8
User Reviews
Category Finance
Finance (Fintech)
Category
Available in iOS/Android
iOS/Android
Available in
Robinhood Stock App Work

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.

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.

Top Robinhood App

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.

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.
Features of RobinHood
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Trade Stocks, Funds, and Options

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Trading Tools

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Cash Management

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News

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Buy & Sell Cryptocurrencies

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Invite Friends & Get Free Stock

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Transaction History

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Portfolio Values

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Data Protection

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Fund Transfer

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Account information

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Different Robinhood Accounts: Robinhood Instant, Robinhood Gold, & Robinhood Cash

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
Note: You will also need to consider UI/UX development costs.
Robinhood App Logo

Get the Apps Similar to Robinhood Right Now!

Download your stock market trading app from the App Store and Play 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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