Robinhood on Wednesday announced the rollout of several new features to its premium Robinhood Gold offering, including Level 2 market data and research. It’s the latest play by the company that operates a zero-fee stock-trading app that has become popular with younger investors.
In 2016 the company introduced “Robinhood Gold.” It offered users instant deposits and reinvesting, pre-market trading options and personal borrowing benefits. It initially cost $10 per month. Now, for $5 per month, eligible members have access to larger instant deposits and $1,000 of interest-free deposits for users who choose to invest with margin. Additionally, Gold subscribers now have access to Nasdaq Level 2 market data. Plus, than 1,500 exclusive research reports from analysts at Morningstar.
Robinhood says that the new features are part of a “continued effort to help users make more informed investment decisions.“
Robinhood also offers a free stock for those who sign up. They say it is random, so you could potentially get any stock available, even Apple of Google. But most likely you get something under $10. So, if you don’t have an account, you can. I have been using the platform for over a year and they offer trading through their app, or on their website.