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Robinhood

Logo

Rating

4.7/5

Pros

  • Zero-Commission Trading: Pioneered commission-free trading for stocks, ETFs, options, and crypto

  • IRA Match Program: Offers 3% IRA contribution matching for Gold members

  • High-Yield Cash Management: Gold members earn 4.25% APY on uninvested cash

Cons

  • Poor Tax Management: Only offers FIFO (first-in-first-out) tax lot method with no ability to optimize tax lots when selling positions

  • Delayed Quote Data: Stock quotes appear to be delayed, and real-time data requires a Gold subscription ($5/month)

  • Basic Trading Tools: Delayed stock quotes, limited charting capabilities, and basic research tools make it inadequate for advanced trading strategies

image-eb83abe521e5b67744d6db906a05fd9b95235e69-400x400-png

Robinhood

Logo

Rating

4.7/5
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