Robinhood has created a mobile brokerage app that offers users Free First Time Stock Transfer! The feature is absolutely ideal for investors who would like to take advantage of the ability to buy stocks and ETFs without having to pay the fees! By using the stock transfer, there is absolutely $0 commission trades with no minimum balance requirement. Additionally with the app, not only will you have access to free trades, but you will also have access to real-time rates and data. If you are interested, definitely download the app on your mobile devices and start today!
Robinhood Stock Transfer Information:
- Apply Now
- Account Type: Brokerage account
- Availability: Nationwide
- Expiration Date: None listed
- Online Trades: Free
- Hard Inquiry: No, Soft pull only.
- Avoid Monthly Fee: None.
- Additional Requirements: None
- Closing Account Fee: None
Robinhood Stock Transfer Account Features:
- Available Accounts – Individual accounts only.
- Trade For Free – Buy or sell a stock at no cost.
- No Minimum Deposit – You can start trading with a few dollars.
- Mobile App Access – Make trades via an Apple iPhone or Apple Watch. Android app is now available (New).
- Scheduled Deposits (New) – Automatically you can schedule transfers on a weekly, biweekly, monthly, or quarterly basis.
- Advanced Order Support (New) – Robinhood supports market orders, limit orders, stop limit orders, and stop orders. Certain orders may be entered as good for the day or good till canceled (GTC)
Robinhood Stock Transfer Breakdown:
- Cannot transfer fractional shares
- Can only transfer securities listed for trading on the Robinhood platform
- Support stocks and cash held in individual, non-retirement accounts
- The typical timeline for stock transfer is 5-7 trading days
- Free stock trade
Conclusion:
If you are a frequent stock or ETF trader who would like to take advantage of a free stock transfer, then I recommend you check out Robinhood’s new brokerage app! With free stock transfers, managing your account has never been more convenient. Additionally, you will be able to transfer stocks held in individual or non-retirement accounts! If you would like to simplify your experience regarding free stock transfers and unlimited free trades, then go download the Robinhood app today! If you would like to learn more about other brokerage options out there, then definitely see our full list of brokerage bonuses!