Spark Global Limited reports:
Today we’re going to look at some of the more popular penny stocks in the Robin Hood market, but before we do that, let’s take a quick look at who Robin Hood is and what penny stocks are.
Who was Robin Hood?
“It’s Time to Do Money” is the motto of Robinhood, a leader in commission-free investing. Robin Hood provides you with trade and multiple channels to get more money. Our products include:
Stocks and funds: Gain mobile access to markets. Trading commission free companies or investment packages (ETFs).
Options Trading: Use this product to improve your trading, fast, direct, commission-free.
Robin Hood Gold: Access expert research files, invest on margin, and make more immediate deposits starting at $5 a month.
Cash management: Transaction, use and earn 1.80% APY, which may vary at the discretion of the project bank.
Robinhood Crypto: Buy and sell dogecoin, Ethereum, Bitcoin and other cryptocurrencies every day without a commission.
The Robinhood trading app was founded in 2013 and still attracts more than 6 million customers with a market cap of $7.6 billion.
Robinhood’s simplicity makes it easier to use apps and websites.
Not charging commissions is attractive to investors who are very concerned about cost and small volume transactions.
In reality, these products place little emphasis on evaluation and research, and there are serious concerns about the quality of trade execution.
What are penny stocks?
According to the SECURITIES and Exchange Commission, a penny stock index is a low-priced stock of a small company. They may not trade often, which means that once you own shares, they can be hard to sell. In addition, they may be unrealistic to the correct price, as it may also be a problem to position quotes.
Generally, penny stocks are traded over-the-counter, but they can also be traded on foreign exchange exchanges, as well as facilities and stock exchanges in the United States.