Invest in Robinhood Stock on HotForex

Robinhood Stock Just Added on HotForex.

As of now, you can trade Robinhood stock with the same superior trading conditions HotForex offers on each of its 1200+ products.

One of the most famous private companies in the United States has gone public this summer, Robinhood.

The controversial mobile trading platform soared to the top of app rankings in recent years has filed its S-1 with the US Securities and Exchange Commission (the SEC filing required prior to an initial public IPO offering), indicating that the shares of the company was ready to make a public debut.

The news had fueled a great deal of interest in investors.

Now you can trade Robinhood Stock CFD on HotForex.

Open HotForex’s Account and start investing in one of the most popular US Stocks today.

Invest in Robinhood Stock on HotForex

What is Robinhood?

Robinhood is a trading platform.

It offers users the ability to invest in a package of Wall Street-listed stocks and to buy and trade cryptocurrencies.

With this platform, it is also possible to invest in gold and ETFs, a type of investment fund.

All independently, without going through consultants. And all without spending on commissions.

Robinhood in fact earns from on-page advertising and from subscriptions to have gold services.

Robinhood also makes money thanks to a system that allows you to group together many small orders and entrust them to third parties.

In recent years, this platform has become a money machine, so much so that this company born in 2013 arrived in August 2020 to be listed for 11.2 billion dollars.

To understand how its value will evolve, it is now necessary to closely study the consequences of the Gamestop case.

In recent days, thanks to Tesla’s mega-investment, BitCoin prices and exchanges have also surged thanks to investments on Robinhood.

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Robinhood’s business is growing rapidly

Robinhood is one of the fastest-growing companies in the world.

At the end of March, cumulative funded accounts reached 18 million, up 151% compared to the same period last year, when it was 7.2 million.

This rapid user growth has also led to strong sales growth.

In 2020, Robinhood’s revenue reached $ 959 million, an increase of 245% from 2019, and in the first quarter of 2021, sales growth accelerated to 309% – the company earned $ 502 million alone.

Even though Robinhood offers free trading to its clients, it still makes money from trading by selling client orders to market makers such as Citadel Securities.

This relationship is normally invisible to investors but made headlines earlier this year when it addressed liquidity issues when a slew of traders bought and sold GameStop stock and options contracts and other stocks touted on the Reddit community.

Following the episode, Robinhood raised over $ 3 billion from its investors through two tranches of convertible bonds that are still on the balance sheet today.