Robinhood Markets Inc (HOOD)

Robinhood Markets is a US company that provides financial services to private investors. It was founded in 2013 and had the motto: " a financial product that would give everyone—not just the wealthy—access to financial markets." The company offered stock and ETF trading services without commission. Together with the launch of a mobile application, this move helped to attract a large flow of young audience into exchange trading (the average age of the company's client is 26 years old), and hundreds of millions of investments as well.

Now Robinhood not only provides brokerage services in the US market, but also develops related areas:

• From 2018 - cryptocurrency trading (so far only in a few states).
• From 2019 - banking services (checking and savings accounts, debit cards).

Robinhood Markets Shares

In July 2021, the company held an IPO, listing its own shares on the NASDAQ under the ticker HOOD. This allowed it to raise an additional $2.1 bn and increase the company's capitalization to $9bn.

According to the results of 2021, the number of its clients reached 31 mn people. The pandemic and the famous "riot" of private investors from the Reddit forum played a big role in its growth.

You also can buy HOOD shares on the NASDAQ through Just2Trade broker. To do this:

• Register to get access to your personal account.
• Open and fund MT5 Global account - multi-market trading account to work on all available exchanges.
• Invest in Robinhood shares.