Robinhood is a novel new app offering the user the opportunity to trade in stocks and shares with no broker fees. Founders Vladimir Tenev and Baiju Bhatt have tapped into a previously dormant market and are pioneering a new way of trading. Broker fees normally range between $5 – $15, however, the Robinhood app was designed in such a way as to avoid these costs for the user. With no brick and mortar front, minimal marketing costs, a carefully planned and sustainable user base accumulation and great backing from venture capitalists, Robinhood looks set to make a significant impact in the field.

If you are new to trading and have always wanted to give it a go, but don’t have a big starting money pot, this app could be for you. It will give you a good chance of building up your small starting capital by avoiding the broker fees, which do add up in the end when you don’t have tens of thousands to start with.

See below a video of co-founder Baiju Bhatt talk about the app:

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