You must have a device that satisfies our technological standards. And fulfill each of the following conditions separate to be eligible for a Robinhood account.
- Must at least eighteen years old.
- Own a legitimate Social Security number.
- Have a valid home address in one of the fifty states or Puerto Rico.
- Have an active U.S. visa, be a citizen or permanent resident of the United States.
Brokerage accounts offer by Robinhood with no fees or high deposit requirements. Opening a Robinhood account takes normal less time than heating up dinner for TV. To begin trading stocks and mutual fund investments on this renowned platform.
How to open a robinhood account?
To create an account on Robinhood, take these steps. The conditions needed for creating an account with Robinhood. For setting up your Robinhood account, you must have the following:
Your Social Security Number to fund the account with funds. Give the bank account information. · A cell phone or tablet. The company’s website claims that setting up an account takes four minutes or less. which is a true statement.
This is a true statement. Never to impose costs on you if you strike deals. Neither opening an account nor maintaining one is subject to fees from Robinhood. The company offers users entry to a financing plan for a more $5 per month. Greater interest rates on funds that are not use. Increased deposit amounts that can invest with immediately. Here are the steps to know how to open a Robin hood account.
1.Establish a profile. Navigate to the Robinhood registration page and choose creating a profile. Following the version of your legal name that appears on this page. You will need to input both your email and password.
You are going to go on to give more essential information. Including your phone number, birthdate, residential location, and country.
After finishing this, you will move on to the following phase.
2. Verify your identity. To authenticate you, Robinhood will request your social security number.
Be assured that your SSN has deliver on an unbreakable link and that the software is secure. If you decide not to submit it.
To put it simple. The regulation mandates that all broker dealers have your Social Security Number.
To confirm that you are not a known banker or terrorist. If you are none of those, select stay going to advance to the next page.
3. Prior investment expertise. You will question about your participation in this part of the investment. While you are clueless.
A small amount of experience, more than usual foundation, or capacity for investment. You’ll let Robinhood know about this.
The app will inquire on if you wish to permit commission-free options trading. Trading choices is the act of purchasing and selling agreements for options.
This may be confusing to you as a novice investor. But, it could be interesting when you are an expert. In any event, should you interest in trading options.
If you activate this and provide more answers. You can see if you grant permission. After reading your answer to the question on trading options.
Robinhood will ask for specifics about your job. It will then ask if you or any of the members of your family use by a corporation swapped for stocks.
If you or a family member holds a director position, is an executive at a business. After completing this page, you have to hit continue to go to the next level!
4. Look over the agreements. You will need by Robinhood to check two distinct obligations. The brokerage agreement and the tax check. For any doubts call Robinhood Customer Service.
That request that you verify the legitimacy of the information you submit. Once you have read them, click approve at the below to move on to the next stage.
5. Fund your account with cash. To put money into your Robinhood account, all you need is $1. Adding funds to an account is as simple as connecting with a bank on Plaid.
You can choose the bank you want to use to fund the account. If you want to add cash to the profile later is one of the options mentioned below.
This will allow you to use the Robinhood app to send cash to the profile later. And move on to the next application procedure.