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What is the best brokerage, online trading platform or app to use to invest in stocks?

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What is the best brokerage or app to use if you want to buy individual stocks, not ETFs or mutual funds?
asked Jan 1 in Investing by JLettermanMB (43,520 points)
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There are many online discount brokerages out there in today's world, but only one of them currently allows you to invest in stocks commission free. The name of the app is Robinhood. You can see the link below for signing up. Does it sound too good to be true? If you look at investment apps, this is the future of investing all the way around.

Many big names have backed Robinhood, a financially sound company that let's you buy stocks commission free.  All you have to do is sign up, connect your bank account, and start purchasing stocks. Certain banks are even instantly connected, and you can enjoy access to instant deposits. I received a message on New Year's Day that I personally saved a whopping $2,700+ in commissions. Being able to buy stocks commission free is a game changer, and that makes Robinhood the best investment platform out there. Sign up using the affiliate link, and you even get a free share of stock to get you started.

You might be wondering how Robinhood makes money. Well, they get interest on unused deposits, which adds up to be more than you might think. They also offer Robinhood Gold, which provides you with extra leverage when investing.

Let's say you wanted to buy one share of GE or General Electric right now. Its current price is $17.49 a share, and that is all you would pay with Robinhood. That's much better than paying $4.99 or higher in trading commissions to buy a share of stock. Even people that buy large batches of shares at a time would benefit, but you can certainly see how Robinhood would especially be great for the small investor just starting out.

Sources:

#1 - To sign up and get a free share of stock:
http://share.robinhood.com/jessel63

#2 - https://www.investopedia.com/articles/active-trading/020515/how-robinhood-makes-money.asp

#3 - https://www.cnbc.com/video/2015/03/12/robinhood-app-stock-market-wo-fees-.html

#4 - https://robinhood.com
answered Jan 1 by JLettermanMB (43,520 points)
selected Jan 1 by JLettermanMB

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