Cryptocurrency at Transamerica
You cannot invest in Dogecoin, Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) or
any other cryptocurrencies on Transamerica at this time.
As an alternative, you can use a
$0 commission broker called Robinhood
that does offer cryptocurrencies investing.
Robinhood Promotion
Open Robinhood Account
Trading Platforms
Robinhood allows trading through their app and website, but not through any standalone desktop software.
Stock Information
Robinhood's app provides essential information about companies and stocks, such as news, financial reports, some expert ratings, and basic charts. When you use Robinhood, you also get real-time data on U.S. markets.
Stock Alerts and Calendars
A helpful feature of Robinhood is setting up custom alerts based on stock prices and trading volumes. These alerts can notify you when a stock reaches a certain price or trading volume, helping you decide when to buy without constantly monitoring the market.
Robinhood also lets you track important dates for the stocks you are watching, like earnings reports and dividend payment dates, through a personalized financial calendar.
Virtual Trading Feature
Robinhood provides a free virtual trading tool, which is like a practice account with play money. This tool is great for both beginners and experienced traders to try trading without financial risk. Experienced traders can also use it to test new trading strategies.
Customer Service
While Robinhood's website does not support trading, it offers a helpful FAQ section for common questions. For more detailed issues, there's an in-app messaging service. However, Robinhood lacks a customer service phone line, which can be limiting for more complex problems, but this is expected since Robinhood's services are free.
Summary
In summary, Robinhood is an app-based brokerage that offers trading in U.S. stocks and ETFs. They provide free trades but may charge for certain services like wire transfers. Features like customizable alerts, a financial calendar, and a virtual trading account make Robinhood suitable if you are content with trading stocks and ETFs through their app.
Robinhood Promotion
Open Robinhood Account
Updated on 7/5/2024.
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