The next generation of stock trading is upon us thanks to Robinhood, a new iPhone app that came out this week.
Most brokerages charge between $7 and $10 for individual stock trades, but Robinhood eliminates fees entirely by cutting out the middleman. You’re in charge of your trading, and you don’t have to be well versed in the ways of Wall Street to use the app.
The interface is dead simple, and it makes the possibility of trading stocks a reality for more people than ever before. There’s a pretty huge waitlist right now, so you won’t be able to use it right away. But if you’re interested, claim your spot in line.
Available on: iPhone
Price: Free
Download: App Store
Alex Heath is a journalist who works for Tech Insider. He’s the former co-host of The CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like “ICONIC: A Photographic Tribute to Apple Innovation.” He lives in Lexington, Kentucky. If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Follow him on Twitter.
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