Trading stocks is currently a hot topic, all thanks to a recent event where redditors figured out how to stick it to a hedge fund that was trying to short GameStop. On top of this, stocks, in general, have been blowing up during Covid, which is also driving the current interest in trading. This is why I've decided to compile a list of the more notable trading apps currently available on the Play Store. Now, I don't fancy myself a day trader, so I'm not here to review these apps. This is simply a list for our readers to pore over as they consider the available options on Android.
Over the last few weeks, GameStop stock (GME) has seen its price spike tremendously due to meme-driven retail trading from venues like the subreddit /r/WallStreetBets, prompting some services like Robinhood to halt trading for it and other Reddit-promoted stocks. This heavy-handed action by the company has resulted in a clear reaction from users, with the Robinhood app's rating at the Play Store tanking to 1.0 stars, the lowest possible score, and prompting a class action suit.
A whole lot of folks are pretty upset at Robinhood these days. Between the flood of since-deleted negative reviews on the Play Store app listing to an outright congressional hearing, the company behind the popular stock trading service is in a tight spot, and customers hoping to join the /r/WallStreetBets meme train have to operate under strict limits if they want to do it via Robinhood. So, if you were among the stock-trading memers (or just someone hoping for a lift on the rising tide), have you given up the app and switched to something else?
The Dow has been on a rollercoaster of a ride, suffering last week from its worst decline since 2008 before rebounding a record 5% this past Monday. While traders have rejoiced the quick turnaround, users of the popular stock trading app Robinhood are furious over a major service outage that has prevented them from trading stocks during this pivotal time.
It's been nearly a year since the stock investment and cryptocurrency company Robinhood paused its launch of no-fees checking and savings accounts. It was forced to make changes after mistakenly claiming that its industry-leading 3% interest rates were insured by the SIPC. Now, Robinhood is finally announcing plans to move forward with a revamped version called Cash Management.
Robinhood has become an increasingly popular service for trading stocks. A few days ago, the company behind Robinhood announced no-fee checking and savings accounts, with an incredibly-high 3% interest rate. It seemed too good to be true, and sure enough, it was — accounts weren't insured by the SIPC.
Free stock trading app Robinhood came to Android phones last year, and now it's coming to your wrist. The latest update to the app adds support for Android Wear. No longer will you need to pick up your phone to track your investments like our caveman ancestors did.
Using the stock market isn't free. Well, obviously. You're buying and selling stocks, after all. But on top of that, brokerage firms tend to charge fees to manage financial transactions. The Robinhood app lets you get around that fee, and now it has made its way over from iOS to Android.