Just Arrived: New Symbols on the Robinhood 24 Hour Market - Robinhood Newsroom (2024)

Just Arrived: New Symbols on the Robinhood 24 Hour Market - Robinhood Newsroom (1)

Robinhood is the only US retail brokerage to offer 24/5 trading of single name stocks

At Robinhood, we know the world never stops – and believe investing shouldn’t be any different. Since launching in May, we’ve seen customers utilize the unprecedented flexibility and access to the markets with the Robinhood 24 Hour Market. And we’re just getting started – we’re proud to announce that we’ve expanded the total number of symbols available from 95 to 226. You can view the full list of available stocks and ETFs here.

Using 24 Hour Market, people can place limit orders to buy whole shares of the most traded ETFs and individual stocks– such as TSLA, AMZN and AAPL– 24 hours a day, five days a week. 24 Hour Market lets customers invest when they want, on their schedule. Trading hours run from 8:00 pm ET on Sunday to 8:00 pm ET on Friday.

Here’s how to access the Robinhood 24 Hour Market in-app:

  1. Select your stock or ETF. Stocks and ETFs that are tradable 24 hours will be differentiated in-app. A 24 Hour Market list will also show the 226 stocks and ETFs that can be traded. This list includes many of the most popular symbols by trading volume.
  2. Name your price. Customers can place 24 Hour Market orders in the Limit Order flow. As a first step, customers type in the maximum price they would pay for the security – or the minimum price they would sell for.
  3. Set trading hours and time in force. Select the 24 Hour Market trading session and choose when a limit order should be executed by, or expire.
  4. Select number of shares. After selecting how many shares they’d like to buy, traders will see a summary of the order, including the limit price, time in force, and total estimated cost. Swipe to submit, and the trade is made!

Robinhood’s 24 Hour Market levels the playing field so extended trading is no longer exclusively reserved for those operating on U.S. East Coast hours. We plan to continue innovating over time based on customer feedback. Stay tuned!

Disclosures:

All investments involve risk and loss of principal is possible.

There are additional, unique risks with trading outside of regular market hours you should be aware of before making an investment decision, including the risk of lower liquidity, increased volatility, greater spreads, and pricing uncertainty. Please review the Extended Hours Trading Disclosure for more information concerning these risks.

The specific symbols shown in Robinhood 24 Hour Market promotional materials were selected by choosing the largest stocks by volume of orders placed on the Blue Ocean Alternative Trading System (BOATS) during the overnight trading session (8PM ET – 4AM ET) in the 90-day period ending 3/13/23. This material is informational in nature and does not constitute a solicitation of or a recommendation to buy, sell, or hold a particular security.

Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. All are subsidiaries of Robinhood Markets, Inc. (Robinhood).

© 2023 Robinhood Markets, Inc. 2891171 (member SIPC), is a registered broker dealer and provides brokerage clearing services. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. All are subsidiaries of Robinhood Markets, Inc. (Robinhood).

© 2023 Robinhood Markets, Inc. 2891171

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Just Arrived: New Symbols on the Robinhood 24 Hour Market - Robinhood Newsroom (2024)

FAQs

What does 24 hour market mean on Robinhood? ›

Traditionally, the markets are open from 9:30 AM ET-4 PM ET during regular business days (Monday-Friday, except holidays). But with extended-hours trading and the Robinhood 24 Hour Market, you can execute trades from 8 PM ET Sunday until 8 PM ET Friday, with some restrictions.

What happens if you get marked as a day trader on Robinhood? ›

If you are marked as a Pattern Day Trader, and you do not maintain the minimum $25,000 requirement, you will not be able to continue day trading without further restrictions being imposed on your account.

What is the Robinhood brokerage bonus? ›

Earn a 1% bonus with no cap when you transfer your brokerage account to Robinhood, now through June 28, 2024. Terms apply. On Robinhood's Secure Website. How you earn it: Transfer cash, securities, and options from an outside broker into Robinhood.

Is Robinhood gold worth it? ›

Robinhood Gold is worth considering if you regularly use margin, keep lots of uninvested cash in your account, or invest heavily in your IRA. Special Offer. Get a 3% match on IRA contributions each year with Robinhood Gold (subscription fee applies), or 1% without.

How does the 24 hour stock market work? ›

Typically brokers offering overnight trading open from Sunday 8 pm ET to Friday 8 pm ET – effectively 24 hour trading five days a week. The overnight session fills in the gap between the pre-market session, regular session and after-hours session: Pre-market trading: 4 am ET to 9:30 am ET.

What is the 10 am rule in stock trading? ›

Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and the time between 9:30 a.m. and 10 a.m. often has significant trading volume. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.

Is day trading illegal? ›

Day trading is not illegal when it is done within normal trade hours and properly recorded. However, a similar practice known as late day trading is illegal and can be prosecuted under commodities fraud law.

How to get rid of PDT flag? ›

If you wish to have the PDT designation for your account removed, you may request a PDT Reset through Account Management in one of two ways:
  1. Click the Support tab followed by Tools. Scroll to the bottom of the list and select PDT Reset.
  2. Enter the Account Management Message Center.

What flags you as a day trader? ›

If you make four or more day trades over the course of any five business days, and those trades account for more than 6% of your account activity over the period, your margin account will be flagged as a pattern day trader account.

Does Robinhood give you $1000 dollars? ›

You may get up to $1,000 instantly after you initiate a bank deposit into your Robinhood investing or IRA account.

Why is Fidelity better than Robinhood? ›

Fidelity's fee structure is somewhat different, as this platform offers significantly more products and services than Robinhood. Fidelity doesn't charge trading fees or commissions on stocks and ETFs. However, unlike Robinhood, it does charge $0.65 per contract to trade most options.

How much does Robinhood give you in free stock? ›

The shares of free stock are chosen randomly from our inventory of settled shares. Because the shares are chosen randomly, you may not receive the same stock as others. The value of the share you receive may be anywhere between $2.50 and $200, and fluctuates based on market movements.

How many people have Robinhood Gold? ›

Considering that 1.7 million people are signed up for Robinhood Gold, most of these subscribers are also interested in the Gold credit card.

What is the average Robinhood account value? ›

Average account size of brokerage apps 2023 ($)
AppAverage account size ($)
Robinhood4,000
Hargraves Lansdown108,000
E-Trade127,000
Charles Schwab234,000
Mar 15, 2024

Is there a catch to Robinhood Gold? ›

The Robinhood card doesn't charge an annual fee, which is remarkable given its cash back rewards. But there is a catch. To qualify for the card, you must be a member of Robinhood's Gold program. This program costs $5 a month (or $50 a year), so one could look at this as a $50 to $60 annual fee for the credit card.

Which market is 24 hours market? ›

Why is the Forex Market Considered to be Open 24 Hours a Day? The forex market is unusual in that it is always open anywhere in the globe at any given moment. A currency trader in New Zealand, for instance, begins their day at 3.30 a.m. IST and closes their day at 2.30 a.m. IST.

What is Robinhood market hours? ›

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.

What happens if I buy a stock after hours on Robinhood? ›

Lower liquidity and higher volatility in overnight or extended-hours trading may result in wider than normal spreads for a specific security, which in turn can cause you to receive an inferior price. Why didn't my order execute? You can only place limit orders for the Robinhood 24 Hour Market.

Which stock market is open on 24/7? ›

Stock market hours also vary compared to other financial markets. For example, forex market hours are generally 24 hours a day, from Sunday evening to Friday night. The three major trading sessions include locations in Tokyo (for Asia), London (for Europe) and New York (for North America).

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