Robinhood 2024 review highlights commission-free trading and limited features for beginners

Robinhood's 2024 review highlights its commission-free trading for stocks, ETFs, options, and cryptocurrencies, making it accessible for active investors. However, it has a limited selection of cryptocurrencies and lacks features for beginners, such as mutual funds and automated investing. The platform offers IRAs with a 3% match for contributions, available only to Robinhood Gold members. Users can earn 0.01% APY on uninvested cash, increasing to 4.25% for Gold members. Robinhood has faced scrutiny for past practices, including a recent $7.5 million settlement over "gamification" strategies. While Robinhood is suitable for active traders, it has received criticism for customer service and trading restrictions. Alternatives like Fidelity and SoFi offer broader investment options and better resources for beginners.