With Robinhood’s option-free trading, you don’t need to worry about hidden brokerage fees and added contract fees other brokers charge after you execute a trade.

If you’re an options trader who constantly moves in and out of positions, you know fees can start to add up. If you have any uninvested cash in your account, you can earn up to 0.30 percent APY from banks that participate in the program. Robinhood also offers cash management tools to pay bills, send checks, deposit your paycheck and more with no commitment. And, the money you deposit – even if it’s less than $1,000 – is instantly available for your use. It only takes a few minutes to open an account, and you can usually start executing trades in an hour. You also get real-time market analysis and ratings from some of the top investment firms on Wall Street.

If you’re a new investor, the app provides educational tools and materials to help you start making profitable trades. From there, you can start buying and selling individual stocks, options, ETFs and cryptocurrencies. In many cases, your free stock will range in value from $50 to $200. When you download the app and create your account, you get your first share of stock for free. With its free trades, no account minimums, access to cryptocurrencies and real-time market data, this digital trading platform is the go-to DIY finance app for many younger investors. With over 10 million users and nearly a billion dollars in funding, the Robinhood app is one of the most prominent digital investing apps today.

Launched less than 10 years ago, this fintech company changed the investing game for retail investors who couldn’t open accounts at big-name brokerage firms with large deposit requirements.

If you’re a do-it-yourself investor who wants to execute hassle-free trades without paying commissions, Robinhood is the app for you.

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