CNNFN: America’s upper middle class is thriving: Tuesday June 21, 2016

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best investing apps 1 robinhood

Free trades. That’s what the Robinhood app offers. No wonder over a
million people have used it to buy and sell stocks.

The idea of free trades was revolutionary when Robinhood launched
in March 2015. Most brokerages charge $7.99 or more to purchase or
unload a stock like Apple (AAPL, Tech30), Facebook (FB,
Tech30) or GE (GE).

“We believe that everyone should have access to the financial markets,”
say co-founders Vlad Tenev and Baiju Bhatt. Robinhood also doesn’t
require you to hold a minimum amount of cash on the platform.

“You just have to have enough money to buy one share,” says Tenev.

At the moment, Robinhood is available to American and Chinese
investors. You can trade U.S.-listed stocks and funds.
First published June 14, 2016: 1:21 PM ET
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