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Start using Robinhood app on PC and invest in stocks even if you do not have the mobile phone in your access. In this article learn how to download and use the app on Windows and Mac
What is Robinhood PC app?
While it may not entirely live up to its name, taking from the rich to give to the poor. Robinhood is shaking up the financial industry. It offers fee-free stock trades and a cash-management account.
Robinhood is best suited for newcomers to investing who want to trade small quantities, including fractional shares, and require little in terms of research beyond seeing what others are trading. Robinhood’s overall simplicity makes the app and website very easy to use and charging zero commissions appeals to extremely cost-conscious investors who trade small quantities. That said, the offerings are very light on research and analysis, and there are serious questions about the quality of the trade executions.
The Platforms’ claim to fame is that they do not charge commissions for stock, options, or cryptocurrency trading. The firm’s target customer base is young people new to investing, who are drawn to the app by advertising that leans heavily on words such as “free” and “democratization.” By and large, this tactic has succeeded, drawing in 10 million accounts
What the Robinhood for Windows offers
What’s better than free? Robinhood’s commitment to providing 100% commission-free stock, options, ETF, and cryptocurrency trades is admirable, and the savings for investors who trade frequently is significant. After all, every dollar you save on commissions and fees is a dollar added to your returns.
Robinhood doesn’t have one, which means investors can get started right away. Of course, in order to invest, you’ll need enough to purchase the investment you have your eye on. (Like other brokers, Robinhood requires a $2,000 minimum portfolio balance to open a margin account. This is a Financial Industry Regulatory Authority regulation.)
Like some other brokers, including Interactive Brokers and Charles Schwab, Robinhood for PC has introduced fractional shares. That means you can pay as little as $1 for a portion of a share, even if that share’s full price is in the hundreds of dollars. This feature makes it much easier to build a diversified portfolio.
In December 2019, Robinhood started offering a cash management account that currently pays 0.30%. The account comes with a debit card and free ATM withdrawals from more than 75,000 ATMs and offers up to $1.25 million of FDIC insurance thanks to Robinhood’s agreements with several banks.
Easy to Use
If you’re accustomed to using a smartphone — and Robinhood’s target user base obviously is — you’ll find the sign-up and account funding process quick and painless. It all happens within the app in a matter of minutes, with just a few quick questions that gather your personal information, contact details, Social Security number, and means of funding your account. The company says approved customers are notified in less than an hour, at which point they can initiate bank transfers.
- Trading costs are very low and cryptocurrency trades can be placed in small quantities
- Very simple and easy to use
- Customers have instant access to deposited cash
- Trades appear to be routed to generate payment for order flow, not the best price
- Quotes do not stream and are a bit delayed
- There is very little research or resources available
If a streamlined trading platform or the ability to trade cryptocurrency is important to you, Robinhood is a solid choice. But now that plenty of online brokers have joined Robinhood is offering commission-free trades, casual investors can afford to shop for the broker that suits them best. Interested in other brokers that work well for new investors? See NerdWallet’s rankings of the best brokers for beginners.
How to Download Robinhood app on Windows and Mac
- Install BlueStacks emulator on your PC
- Complete the installation process for the emulator
- Open the emulator too, initially, it will take some time to load
- Now you will see the home screen of the emulator, form there open the PlayStore that has been installed already
- Search for the Robinhood Investment app
- Click on the install button to complete the download