How to Open a Brokerage Account with Robinhood (Tutorial)

To open a brokerage account with Robinhood, you need to sign up through their web site or mobile app. once your application is approved and you ’ ve funded your account, you can start trading stocks, options, and crypto on Robinhood. Speaking of trading, Robinhood has zero commissions. That means all of your trades can be done without any brokerage fees. You ’ ll besides get a free debit card when you join Robinhood. It has zero transaction fees. So you can use it at diverse ATMs or make purchases in the US and oversea, without penalty.

Cool perks aside, creating a Robinhood score is reasonably simple. however, dim-witted international relations and security network ’ t constantly easy. so in this guide, you ’ ll determine bit-by-bit how to open a brokerage account with Robinhood .

Beginner’s Guide to Opening a Robinhood Account

If you prefer written instructions, just keep reading… This guide will show you how to sign up for Robinhood using the Android fluid app. here are the steps to get started :

1. Download the app

Download the Robinhood app from the App Store or the Google Play Store .

2. Sign up

Open the app and you ’ ll be greeted by a welcome screen…How To Get A Robinhood Account If it ’ s your first meter creating a Robinhood brokerage report, you ’ ll get a detect about free stock. ( This offer is lone available to fresh Robinhood investors. ) Tap the “←“ arrow or the “Get Your Free Stock” button to proceed. optional : If you want to read about Robinhood, you can swipe left to see the follow screens…Create A Robinhood Account When you ’ re done, press the “Sign Up” clitoris to continue .

3. Enter your email

Sign Up For Robinhood Input your electronic mail address then press the “Continue” button… You ’ ll get a Verification Privacy Disclosure popup. Read it. And if you want more info, tap the “Privacy Policy” yoke. otherwise, compress “Continue” to close the popup. then do it once more to proceed .

4. Add a password

How To Open A Robinhood Account Create a password for your Robinhood score. here are some tips for a hard password :

  • DON ’ T use “password” as your password. Not only is it dumb, but you can easily get hacked and lose your investments.
  • keep off using things such as birthdays, familiar names, places, etc. Someone who knows enough about you can guess those things, access your account, and steal your monies.
  • DO use a combination of letters, characters, and numbers for maximum security e.g. [email protected]!ns420*69

5. Enter your name and number

Open Brokerage Account With Robinhood Fill out your first and last name then tap “Continue.” enter your call count and imperativeness “Continue” again. following, you ’ ll want to confirm your act. Choose either Text or Call to receive a 6-digit code .

6. Verify your number

Create A Robinhood Brokerage Account Enter the confirmation code you received. If it works, you ’ ll get a Success presentment. Press “Continue” to move on .

7. Input your birth date and address

How To Create A Robinhood Account record your date of birth then tap the “Continue” push button.

following, fill out your address details to proceed .

8. Verify your citizenship and SSN

Robinhood Sign Up Tutorial Select your citizenship from the tilt. enroll your social security number then crush “Continue.”

9. Specify your investment experience

Open A Robinhood Brokerage Account Choose the choice from the tilt that reflects how much investment know you have. If you ’ d like to trade options on Robinhood, you can enable it here. Tap Yes or No to continue .

10. Add your employment details

How To Sign Up For Robinhood Select your employment condition from the list by tapping on it. future, fill out your employment information then press the “Continue” button .

11. Disclose your insider status

How To Open A Robinhood Brokerage Account By law, Robinhood is required to ask you these two questions to prevent insider trade. Answer both of them to proceed .

12. Certify and submit your application

Open A Robinhood Account Read and acknowledge the W-9 Certification for tax purposes. then, review your application and press “Submit Application” to continue .

13. Link your bank account

Open Robinhood Account Press the “Link my account” button to connect your bank account to Robinhood so you can transfer funds. Read how Robinhood links your bank, then press “Continue” to proceed .Open Robinhood Brokerage Account Scroll through the list to find your prefer bank, then tap on it. next, enter your bank login credentials then press the “Submit” button. Note: For this scout, we ’ ll skip the bank setup for late. If you want to skip it, barely tap the “✕” in the circus tent veracious corner, then wardrobe “Yes, exit.”

14. Secure your account

How To Create A Robinhood Brokerage Account Create a 4-digit PIN which you ’ ll use to access your Robinhood account. future, upload any extra software documentation to verify and protect your account. Press “Continue” when done. Note: For this steer, we ’ ll choose “Skip for now” since you can do this region later .

15. Wait for approval

This is the concluding step in the process. You won ’ thymine be able deal until your account is approved by Robinhood in a few days .Open A Brokerage Account With Robinhood In the interim, you can complete any pending steps you see in your dashboard. otherwise, use the menu to explore the Robinhood app or visit the web site to learn more .

What’s Next?

well, you ’ ve fair learned how to open a brokerage report with Robinhood. But since it ’ mho gon na take a few days to get approved, now ’ s credibly a good time to inquiry any companies you ’ d like to invest in.

You can besides check out some of our tutorials on how to buy shares of Amazon, Tesla, Microsoft, and other popular companies. And if you want to get smart about money, hera ’ s a list of personal finance books that are worth recitation. anyhow, that ’ s all for now. Hit the buttons below to share this mail and aid others learn how to open a Robinhood report .

Related Posts