Robinhood Launches Social Trading Community with Verified Trades
Robinhood has entered the S&P 500 index. A significant milestone. Its share price also reached a new all-time high. Building on this momentum, the company has announced Robinhood Social, a new feature to integrate community-driven trading into its platform.
What is Robinhood Social?
Robinhood Social is a dedicated trading community built inside the Robinhood app. It lets users view verified trades, follow authentic profiles, and interact directly with other traders. It moves beyond anonymous market chatter by ensuring that every account belongs to a real person verified through KYC.
Core Features of Robinhood Social
Robinhood Social introduces several tools to make trading more transparent and interactive:
- Live, verified trade sharing shows the exact entry and exit points of other traders in real time.
- Strategy discussions within the app, and users can act on trades directly from the feed without switching platforms.
- Performance tracking reveals one-year and daily profit and loss, profit rates, and historical trades of any followed trader.
- KYC-verified profiles ensure that each participant is a real individual.
- Publicly reported trades by insiders, hedge funds, and politicians are also available. Helps users track market power players’ moves.
Availability and Access
Robinhood Social will launch early next year for select customers in the United States through an invitation-only rollout. Broader availability will follow after the initial release. The company confirmed that this new feature will be offered at no additional cost.
Expanding Robinhood Legend
Robinhood Legend, the browser-based trading platform introduced last year, is also being expanded with more advanced tools:
- It already offers 90+ indicators, crypto and index options, options charts, and a news and quotes widget.
- Futures on Legend now include over 40 CME Group products such as the S&P 500, oil, Bitcoin, and gold. Robinhood Gold members can access commissions as low as $0.50 and real-time L2 futures data at no extra cost.
- A trading ladder with L2 and P&L data allows one-click trades with auto-send enabled. It supports stocks, ETFs, and crypto in addition to futures.
- AI-powered custom indicators, created by Robinhood Cortex, remove the need for coding. Users can simply describe what they want, and Cortex builds the indicator.
- AI-powered custom scans help traders discover new opportunities by monitoring markets in near real-time.
Enhancements for Active Traders
Robinhood has also introduced new features to meet the needs of advanced users:
- Multiple individual brokerage accounts are now available to all customers. It makes it easier to manage different strategies.
- The mobile trading ladder, already supporting futures, will soon expand to include stocks, ETFs, and crypto in the US. Stock ladder trading will also launch in the UK in the coming months.
- Device linking will allow mobile devices to sync with Robinhood Legend. Traders can view charts on larger screens while placing trades from their phones.
- Short selling will roll out soon. It’ll give traders the ability to take positions in declining markets or hedge risks.
- Overnight Index Options will launch early next year, with trading available each night from Monday 8:15 pm ET until Friday 9:25 am ET.
About Robinhood
Robinhood has a commission-free trading model. It provides an intuitive mobile app. The platform supports trading in stocks, ETFs, options, and cryptocurrencies without any commission fees. It offers unlimited commission-free trades on stocks, ETFs, options, and cryptocurrencies. It also offers fractional shares to invest in high-priced stocks. Recently, Robinhood introduced a new AI-powered feature called Digests in the UK.
Summing Up
Robinhood is building a financial superapp with Robinhood Social and the continued expansion of Legend. The combination of community-driven insights, AI-powered tools, and advanced trading features shows its shift toward serving active traders.Register your company now and get featured on our homepage!
