Robinhood Markets provides financial services to customers throughout the United States. It was founded in 2013 by two veterans of the high-frequency trading industry, Vladimir Tenev and Baiju Bhatt. You may know that Robinhood provides stock trading and cryptocurrency exchange services. But did you know that it doesn’t charge any commission to the customers?
The Robinhood mission and vision are similar to those of the fictional hero, Robin Hood – to make financial services accessible to everyone, not just the rich. And its commission-free trading structure is certainly a step toward making that happen. The Robinhood core values aim to offer a secure trading platform without compromising on the quality of their customer service.
All in all, Robinhood Markets focuses on making trading more affordable, safe, and hassle-free for its customers.
Robinhood Mission Statement
Robinhood mission statement says, “to provide everyone with access to the financial markets, not just the wealthy.” In a technical sense, the company aims to democratize finance for all. When it comes to the finance industry, it is usually the rich who stand a chance to become richer. You need to have money in your pocket to invest and let it grow, right? Not quite!
With Robinhood, you have a chance to trade in stocks, ETFs, and cryptocurrencies without having a dime in your account. Yes, Robinhood provides loans to investors at a reasonable interest rate! Additionally, if you intend to invest all your savings on their platform, no need to leave a fraction open for a surcharge. It’s commission-free!
Robinhood Vision Statement
Robinhood vision statement is, “to become the most trusted, lowest-cost, and most culturally relevant money app worldwide.” While it may not have attained its vision yet, it’s definitely well on its way there. Robinhood is among the most trusted and low-cost trading apps in the US today, if not worldwide. It is also trying to expand its offerings by allowing investors to save and spend on its platform.
Robinhood Core Values
Robinhood core values are:
- Safety First: Robinhood’s trading app is safe and reliable, regardless of where you access it from. They believe in securing their investor’s private data by implementing a cutting-edge security algorithm that is updated from time to time.
- Participation is Power: It doesn’t matter if you are loaded or have a negligible credit limit. Everyone gets the same deal regardless of their financial background at Robinhood. For instance, their interest rates on customer balances remain the same throughout.
- Radical Customer Focus: Did you face any problems with your investments? Contact their customer care number or email, and you will get a satisfactory response in no time! Don’t hesitate to get in touch with them, even if you have some feedback or suggestions for improvement. They will surely consider it.
- First-Principles Thinking: Innovation is what the Robinhood mission and vision emphasizes. They claim that they are on the path toward progress by constantly improving their services in accordance with the changing technology. But as always, their aim remains unchanged – to anyone and everyone can trade on their platform!
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