A Robinhood Sign Up Bonus also known as a deposit bonus is offered to new traders who will receive cash value anywhere between $5 and $200 for registering and linking their bank accounts.
Robinhood at a glance
| 🔍 Brokers Name | Robinhood |
| 📍 Headquartered | United States |
| 📅 Year Founded | 2013 |
| 🏛 Regulating Authorities | FINRA (Financial Industry Regulatory Authority), U.S. Securities and Exchange Commission (SEC) |
| 🌐 Countries not accepted for trade | Traders from Unites States only |
| 📒 Demo Account | No |
| ☪️️ Islamic Account (Swap Free) | No |
| 💻 Institutional Accounts | Yes |
| 💻 Managed Accounts | Yes |
| 📊 Maximum Leverage | 1:2 |
| 💰 Minimum Deposit | None |
| 💳 Deposit Options | Domestic and international bank wire |
| 💳 Withdrawal Options | Domestic and international bank wire |
| 📉 Platform Types | Robinhood proprietary platform |
| 📲 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📊 Tradable Assets | Forex, stock index CFDs and commodity CFDs |
| 🌐 Languages supported | English only |
| ☎ Customer Service | 24 hours /5 days a week |
Min Deposit
USD 0
Regulators
FINRA
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Robinhood Sign-Up Bonus Revealed – A Key 8 Point Quick Overview
- ✅Robinhood Overview
- ✅Robinhood Sign-up Bonus
- ✅Robinhood Referral Bonus
- Robinhood Additional broker bonuses, promotions, and rewards
- Robinhood Pros and Cons
- Robinhood Customer Reviews
- Final Thoughts
- Frequently Asked Questions
Robinhood Overview
According to research in South Africa. Robinhood is an online stockbroker headquartered in the United States that was first established in 2013. The broker offers access to stocks, ETFs, options, and cryptos. Robinhood differentiates itself by offering commission-free trading on stocks, ETFs, and options. In turn, the broker makes an income through rebates from market makers and trading venues.
Robinhood Securities, which acts as the clearing broker, developed a routing system to incentivize the market makers Robinhood has relationships with to compete for order flow based on the amount of price improvement obtained. Additionally, this algorithm, known as the smart order router, prioritizes sending client orders to a market maker that is likely to give you the best execution, based on historical performance. Rebates are not considered when your brokerage orders are routed.
Altogether, Robinhood Crypto has relationships with several cryptocurrency trading venues that allow you to receive competitive prices. Robinhood Crypto receives volume rebates from trading venues. Rebates are not considered when your crypto orders are routed.
Robinhood provides three live account options. These consist of the Standard account, Gold account, and Cash account. Additionally, Robinhood does not offer an Islamic account for traders of the Muslim faith, nor is a free demo account available to prospective traders. This is rather a drawback, as many prospective traders today rely on the use of a demo account to test broker offerings in a risk-free way before risking real money on a live account.
According to robinhood Client deposits are protected for up to $500,000 for securities and $250,000 for cash claims due to the broker’s regulation with the SIPC. Added to this, Robinhood is a securities brokerage which means that it is regulated by the Securities and Exchange Commission (SEC).
As part of this extensive regulation, margin trading is limited to the gold account only, with an exceptionally low ratio available of 1:2. To access margin trading on the gold account, traders must maintain a minimum account balance of $2000. Overall, Robinhood is a secure online stock broker that offers extremely competitive and transparent pricing, coupled with advanced features and excellent customer support.
Robinhood Sign-up Bonus
Traders who choose to register for a real account with Robinhood will not receive a welcome bonus in the traditional sense. However, new traders will receive a bonus in the form of free stocks/cash value when opening an account with Robinhood.
| 🎉 | |
| Sign Up Bonus | $10 |
| Referral Bonus | up to $1,500 gift stocks each calendar year |
| Affiliate Program | ☑ |
In terms of this promotion, new clients will receive one share of free stock to their account when they link their bank account and fulfill the conditions in their promotion. They will be able to keep the stock or sell it after 2 trading days. With some brokers, once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading.
The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader. All in all, new traders should note that these bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.
Robinhood Referral Bonus
Loyal customers of Robinhood can earn attractive commissions through the broker’s partnership program. Also referred to as referral bonuses, these allow existing traders of a given broker to earn greater rewards through referring a friend to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.
| 🎉 Robinhood Referral Bonus | Receive up to $1,500 in gift stocks each calendar year, |
This commission from Robinhood is awarded in the form of free stock for each new referral that a client makes to the broker.
Robinhood Affiliate Program
Join the Robinhood affiliate program to monetize your content and connect with the broader Robinhood community. Attend exclusive events, Earn special offers throughout the year, Get beta testing access, and much more.
Robinhood Additional broker bonuses, promotions, and rewards
Additionally, Robinhood does not offer traditional types of bonuses or promotions, including referral bonuses, deposit bonuses, trading bonuses, and no deposit bonuses.
Robinhood Pros and Cons
| ✔ PROS | ❌ CONS |
| Bonuses are available in the form of free stock | Time limit on sale of stocks |
| Affiliate programs on offer | No cash reward |
| Well regulated broker |
Robinhood Customer Reviews
Good Broker
Robinhood is a good FX broker.. good job ..100% Recommended! – Tony
Robinhood website
All in all Robinhood’s website is easily accessible and user-friendly, also any minor issue I had was eventually resolved…. – Gugu
Robinhood Affiliate Program
I enjoy the opportunities to earn an income through IB programs offered by forex brokers, Check it out! – Chris
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Min Deposit
USD 0
Regulators
FINRA
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Final Thoughts
Overall, Robinhood does not award all bonuses in cash, but rather provides them in the form of free stock awarded to clients either for signing up or for providing new referrals to the broker.
Frequently Asked Questions
Does Robinhood have a Partner/Affiliate Program?
Yes, Robinhood offers an extensive Partnership program
Will I receive a bonus if I refer a friend or family to Robinhood?
Yes, Robinhood offers various rebates for referrals.
How can a Robinhood bonus benefit my trading?
Depending on the bonus and the conditions attached, it may boost funds available in your account for trading.
Does Robinhood offer a sign-up bonus?
Yes. Robinhood does offer a sign-up bonus.
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