Why Robinhood Is My Go to iPhone Finance App

Robinhood App iPhone
Text Size
- +

Toggle Dark Mode

Using finance apps can be tricky. After all, it’s your hard-earned cash we’re talking about; you wouldn’t want to invest money in an app that’s not reliable. 

While options aren’t limited, there are only a handful of financial apps that actually offer a great service for you. 

Enter Robinhood. This is one of the best — if not the best — finance apps you can use on your iPhone. There are many reasons why I choose this as my go-to finance app, and of course, there are many reasons why you should choose it, too.

Whether you want to save money, invest money, or get ready for your retirement, Robinhood should be your first option on iPhone.

Sleek But Simple Design

One of the things that makes Robinhood stand out is the design of its iPhone app. When you use it, the platform has a sleek design that makes it feel and look like the premium app it is.

But the looks aren’t all that matters. Robinhood also has a pretty straightforward user interface. Even if you’re just starting out in the investing world, the app is simple to pick up and use. 

Unlike other apps like the Interactive Brokers app for iPhone, which is not user-friendly at all, Robinhood will make investing money really easy.

After Hour Trading

If you’re like most of us, chances are you’re busy all day with your day job. Focusing on the real-world stuff comes first, which makes investing at the right times a bit harder to do.

Fortunately, Robinhood offers extended-hours trading. You can start investing up to six and a half hours after the market closes. This will not only help you trade whenever it’s the best time for you, but it can even give you an edge if the companies you own or follow announce their earnings reports when the market is closed.

The App Is Fast and Accurate

Robinhood works almost instantly. If you don’t want to miss out on a huge price change on a stock you’ve been wanting to invest in, Robinhood will make it really easy to buy or sell with just a few taps.

Ronbhood Gold Gives You Money (Even if You Don’t Invest)

Robinhood Gold is a Robinhood subscription service that offers a bunch of powerful tools that will help you improve your investments. 

But besides those features, Robinhood Gold also features something not even many banks offer. We’re talking about a 4.9% interest that you can earn for the money you have in your account

You don’t even need to invest that money to get the interest. Robinhood will take of everything. And if you don’t want to pay for Robinhood Gold, you can still get 1.5% interest.

Robinhood Lets You Invest in Crypto

Besides being able to invest in your favorite stocks, you can also invest in any cryptocurrency you want.

There are many options to choose from, including Bitcoin, Ethereum, and Dogecoin. You can invest at any time you want, and, just like with stocks, all these transactions are free of commissions.

Bitcoin Withdraws Are Now Possible

One of the biggest changes in Robinhood recently is the ability to withdraw Bitcoin. 

Once your transactions settle, you can withdraw all the Bitcoin you’ve invested in almost instantly. 

There Are No Commission Fees

This is one of the biggest reasons to use Robinhood. This was the first platform to introduce commission-free trading. You can trade anything on the platform without spending money on commissions. 

You can trade your stocks, crypto, or ETFs, and you won’t have to deal with annoying commissions. It doesn’t matter how much money you use either; everything is commission-free.

You Can Invest in Your IRA With Robinhood

Robinhood app MacBook

There’s no better time to invest for your retirement than right now. Whether you’re 18, 25, or 40, you should invest ASAP.

And Robinhood makes it really easy to do. You can invest in your IRA to get ready for your future. And the best part is that Robinhood will match 1% of all the contributions you make. And if you’re a Robinhood Gold member, the platform will match up to 3%. 

Combine that with the tax-deferred or tax-free growth, and you will enjoy more money without investing big amounts at first.

Start Using Robinhood Right Now

These are just some of the benefits of using Robinhood on your iPhone. There’s no doubt that we all want to invest and make our money make money for you. And now it’s the best time to start.

Whether you want to prepare for your future or try to make your investments grow, Robinhood offers all the tools you need to make accurate, fast investments.

Visit Robinhood here.

We may earn a commission from affiliate links. Continue Below.

Social Sharing