Robinhood is an online brokerage that offers commission-free investment and trading through its website and mobile app. Investors can buy and trade stocks, options, efts, and now even cryptocurrency without having to pay fees for the transactions. They now offer a cash management feature that works similar to an online checking account. Robinhood was founded in 2012 and is now based out of California. It is a member of SIPC and FINRA.