Robinhood Gold is a premium service from the popular stockbroker Robinhood. It offers a host of advanced features, such as access to research reports, margin borrowing, and extended trading hours. It also allows users to customize their portfolios with more complex tools, such as options trading, margin investing, and IPOs. But how do you get Robinhood Gold? Read on to find out!
Step 1: Sign Up for Robinhood
The first step to getting Robinhood Gold is to sign up for the regular Robinhood service. For this, you’ll need to provide some basic information such as your name, address, and bank account details. You’ll also need to agree to Robinhood’s Terms of Service and Privacy Policy. Once this is done, you’ll be able to create your account and start trading.
Step 2: Upgrade to Robinhood Gold
Once you’ve created your account, you’ll be able to upgrade to Robinhood Gold. To do this, you’ll need to select the “Upgrade to Gold” option from the “Account” tab. When you do this, you’ll be asked to choose a monthly plan for your Robinhood Gold subscription. You can choose from the Basic, Premium, and Platinum plans, each of which offers different features and benefits.
Step 3: Fund Your Account
Once you’ve chosen a plan and agreed to the Terms of Service, you’ll need to fund your account. You can do this either by linking a bank account or by transferring funds from another financial institution. Once your account is funded, you’ll be able to start trading with Robinhood Gold.
Step 4: Use Your Benefits
Now that you have your Robinhood Gold account, you’ll be able to take advantage of all the great benefits it offers. This includes access to research reports, margin borrowing, extended trading hours, and more. You’ll also be able to customize your portfolio with more advanced tools, such as options trading, margin investing, and IPOs.
Step 5: Monitor Your Account
Once you’ve started using your Robinhood Gold account, it’s important to monitor it regularly. This means checking your account balance and making sure your trades are going well. You should also keep an eye on the market and make sure you’re not overexposed to any particular security or sector. By doing this, you’ll be able to maximize your returns and minimize your losses.
Conclusion
Getting Robinhood Gold is a great way to take your stock trading to the next level. By signing up for the regular Robinhood service and then upgrading to the Gold plan, you’ll get access to a host of advanced features and benefits. Just make sure to monitor your account regularly and make sure you’re not overexposed to any particular security or sector. With Robinhood Gold, you’ll be well on your way to successful stock trading!