Robinhood

Robinhood is a commission and brokerage-fee free trading platform headquartered in Palo Alto, California that was founded in 2013 by Vladimir Tenev Vladimir Tenev and Baiju Bhatt. The company is approved by the Financial Industry Regulatory Authority (FINRA), registered with the US Securities and Exchange Commission, and a member of the Securities Investor Protection Corporation (SIPC). The SIPC provides insurance on all Robinhood accounts.

Robinhood does earn interest on non-invested cash in customer accounts, as most brokerage firms do, they earn interest on their premium Gold accounts, offer broker assisted trades via telephone for ten dollars and assist in foreign stock transactions for $35-50$35-50; and engage in a practice known as Payment for Order Flow.