How to buy stock

At Robinhood you can create a buy order by entering the number of shares or the dollar amount of the specified stock. The availability of order types depends on the available trading session and for the 24/5 Market hours on the eligibility of the stock. The default order types per trading session are as follows:

• Regular market hours (9:30-16:00 ET)
  • Buy in shares: Limit orders with a preset price
  • Buy in dollars: Market order
• Extended hours (7-9:30 ET or 16:00–20:00 ET)
  • Buy in shares: Limit orders with a preset price
  • Buy in dollars: Limit orders with a preset price
• Robinhood 24 Hour Market (24/5, 20:00 ET Sunday-20:00 ET Friday)
  • Buy in shares: Limit orders with a preset price
  • Buy in dollars: Market order

You can choose different order types if you don’t want to use the default order type. During extended hours and 24/5 market hours it isn't possible to select buy market orders, just limit order types. Orders placed in stocks that aren't eligible for the 24/5 market or when the market is closed, are queued for the opening of regular market hours.

App

1. Go to the stock’s detail page. You'll see the stock’s historical performance, analyst ratings, company earnings, and other helpful information to consider when buying or selling a stock.
2. Select Trade → Buy or just Buy if you don’t currently own the stock.
3. By default you will be asked to enter the amount you would like to purchase in dollars. However, you can choose to buy shares, or select another order type. Check out order types for more information.
4. Review your order and confirm that all the details are correct or select Edit.
5. If all looks good, swipe up to submit your order.

Web

1. Go to the stock’s detail page. You'll see the stock’s historical performance, analyst ratings, company earnings, and other helpful information to consider when buying a stock.
2. Select Trade → Buy or just Buy if you don’t currently own the stock.
3. In Buy In, select either US Dollars or Shares.
4. Select Review Order and confirm that all the details are correct or select Edit.
5. If all looks good, select Buy.

Trading during extended and overnight hours comes with additional risks such as lower liquidity and higher volatility. You can learn more in the Extended-Hours Trading Disclosure.

Fractional shares are not liquid outside of Robinhood and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section in our Customer Agreement.

Not all securities are eligible for the entry of fractional orders during Robinhood’s extended-hours trading. If a security isn’t eligible, the order will be queued for the opening of market hours.

You can learn more about eligible securities and the risks of extended-hours trading in Extended-hours trading and for overnight hours in Robinhood 24 Hour Market.