How to buy a stock | Robinhood

How to buy a stock

Robinhood’s default buy order is an order to buy a number of shares or dollar amount of the specified stock or ETP.

During regular market hours (9:30 AM-4 PM ET), dollar-based buy orders are entered as market orders, and share-based buy orders are entered as limit orders with a preset limit price. During extended hours (7-9:30 AM and 4-8 PM ET) , dollar-based and share-based buy orders are entered as limit orders with a preset limit price. Outside regular market hours and extended hours, dollar-based and share-based buy orders are queued for the opening of regular market hours (unless the stock or ETP is eligible for execution outside regular market hours and extended hours through Robinhood 24 Hour Market, in which case you can enter whole share-based buy limit orders).

Keep in mind, the last-traded price won’t necessarily be the price that your buy order will be executed at.

App
  1. Go to the stock’s detail page to view the stock’s historical performance, analyst ratings, company earnings, and other helpful information to consider when buying or selling a stock
  2. Select TradeBuy or just Buy if you don’t currently own the stock
  3. By default, you'll be asked to enter the amount you'd like to purchase in dollars (or you can choose to buy shares, or select another order type, by selecting Dollars)
  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

Check out order types for more information on what we support.

Web
  1. Go to the stock’s detail page to view the stock’s historical performance, analyst ratings, company earnings, and other helpful information to consider when buying a stock
  2. Select TradeBuy or just Buy if you don’t currently own the stock
  3. In Buy In, select either 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

Disclosure

Trading outside of market hours involves additional risks, such as increased price volatility and lower trading volume. You can learn more in the Extended-Hours Trading Disclosure.

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The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.