Cell funding apps revolutionized investing by permitting customers to commerce from wherever, not simply from their pc screens. That mentioned, whereas cellular investing is handy, there are nonetheless benefits to buying and selling on a extra highly effective desktop platform.
Because of this, Robinhood launched a browser-based platform in 2024 referred to as Robinhood Legend to enrich its cellular app. Listed below are the highest three advantages energetic merchants achieve from utilizing a desktop platform versus their smartphones.
1. Extra data on a customized buying and selling setup
On a desktop platform, you’ll be able to view all of your buying and selling data concurrently, together with your portfolio stability, returns, latest orders, watchlists and market information.
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Whereas that data might be discovered by means of a cellular app, it takes some scrolling. In any case, even the biggest smartphone screens can’t current as a lot as a pc monitor. Robinhood Legend has a smooth, intuitive design. Because it’s browser-based, no obtain is required.
A desktop platform additionally means that you can customise the structure, versus the standardized strategy used on cellular apps. Robinhood Legend provides predesigned layouts tailor-made for varied conditions, together with inventory buying and selling, choices buying and selling and market monitoring, all designed by funding consultants. You choose the template you need and launch it inside a second.
Alternatively, in case you’re extra DIY inclined, you’ll be able to develop your individual setup. You’ll be able to reposition the structure and add whichever widgets you discover most useful, reminiscent of funding watchlists, charts and choices instruments. You’re additionally capable of resize and reposition the whole lot till it feels good. Robinhood’s structure engine is there that can assist you manage and design.
After you create a structure, it can save you it and swap forwards and backwards to others as wanted. You’ll be able to even develop the setup throughout a number of pc displays to trace much more data. On a desktop platform, you determine what structure finest helps your buying and selling.
Charts present value developments and returns over time for various belongings. When you can see primary charts on a cellular app, desktop platforms open much more capabilities.
By way of Robinhood Legend, you’ll be able to view as much as eight completely different charts in a single window. This lets you observe a number of investments in real-time, slightly than having to flip by means of them individually in your smartphone.
Desktop buying and selling platforms transcend merely displaying the charts. You’ll be able to make the most of drawing instruments to carry out technical analyses, a technique of analyzing chart developments to establish pricing patterns and uncover buying and selling alternatives.
Robinhood Legend allows you to annotate charts with horizontal strains, development channels, Fibonacci retracements and different drawing instruments wanted for technical evaluation.
It’s also possible to add real-time indicators for deeper insights, reminiscent of transferring averages, Bollinger bands, Quantity Weighted Common Value (VWAP) and extra. The platform means that you can save favourite configurations as indicator templates so they’re available for future commerce analysis.
And once you’re able to execute you’ll be able to submit purchase and promote instantly by means of your charts; no want to modify to a distinct display screen.
3. Quicker trades and real-time market data
For energetic traders, each second counts when coming into and exiting positions. By design, a desktop platform facilitates faster buying and selling. It’s simply simpler to maneuver on a pc than on a smartphone. Robinhood’s platform additionally allows you to execute one-click trades instantly by means of your watchlists, positions, charts and choice chains.
The desktop platform provides real-time information, updating at sub-second intervals. You’ll have your finger proper on the heartbeat of the market as developments unfold by the day, hour, minute and second in your charts and widgets. That’s an excessive amount of information for a smartphone, however it’s simply offered on a desktop platform.
You’re additionally capable of hyperlink your widgets collectively to create synced teams. For instance, you can hyperlink a watchlist and a chart collectively. Clicking any asset on the watchlist will show that very same asset on the chart. Data transfers seamlessly all through your account and even throughout a number of displays.
A strong platform, at no cost
Robinhood Legend packs a strong mixture of advantages for energetic buying and selling. And better of all, it’s out there at no cost. Robinhood Legend is out there for all customers and doesn’t require a Robinhood Gold subscription. If in case you have a Robinhood account, you’ll be able to merely log into Robinhood Legend by means of your net browser on a desktop pc.
Desktop traders on Robinhood Legend get pleasure from the identical extremely aggressive buying and selling charges as these on Robinhood’s cellular app, together with no fairness choices contract charges (different charges might apply), low margin charges and commission-free inventory & ETF buying and selling. Altogether, this works out to be top-of-the-line offers for a desktop buying and selling platform.
Cell buying and selling isn’t going wherever. Customers who get pleasure from managing their portfolios whereas on the transfer can nonetheless accomplish that. Nevertheless, the Robinhood Legend desktop platform supplies traders with one other choice to analysis, observe and execute their trades. All at no additional cost.
Study extra about how Robinhood Legend unlocks a brand new option to commerce.
