Robinhood Penny Stocks: What You Need To Know

Robinhood is a mobile trading platform that allows users to trade stocks with no fees or minimum balances. The app has been a godsend for novice traders and investors with small portfolios, and Robinhood penny stocks have become particularly popular amongst day traders.  Users can trade equities and penny stocks listed with NASDAQ and NYSE with no commissions or hidden fees. Investors can even trade option contracts without commissions. Yes, it’s really free! Other companies have attempted to launch zero-commission brokerage platforms in the past with little success. Traditional brokers couldn’t offer zero-commission trades and simultaneously turn a profit, but Robinhood is different. They operate like a bank, collecting interest on customer deposits. Additionally, they make millions of dollars by selling customer data. These additional revenue streams enable the company

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