Just a couple of months after the revamping of Robinhood Gold, Robinhood announced Nasdaq Level 2 Market Data has been added to the premium feature, which includes other research reports and margin investing.
Robinhood revealed for only $5 a month, users will receive all new premium features and bigger instant deposits. If the user is eligible and choose to invest with margin, their first $1000 in margin is included, and they’ll pay 5% yearly interest on any amounts they borrow above that.
“You can start your free trial of Gold at any time in your Robinhood account. If you already have Gold, look out for an email on how to upgrade to the new experience, or manage your Gold settings on Robinhood.”
Robinhood further explained that Level 2 Market Data shows real-time bids and asks for any stock so you can better determine the supply and demand for a stock at a certain price. In addition to the Nasaq Level 2 Market Data, other items added to Gold are the following:
- Robinhood Snacks: Financial newsletter and podcast that brings users free, daily, and digestible financial news.
- New Charts on Web: “Candlestick” charts and indicators for stocks and cryptocurrencies on Robinhood Web.
Robinhood went on to add:
“Get access to Robinhood’s stock and crypto pages faster, even if you aren’t logged into your Robinhood account. Track prices and view charts, news, and company info, or share pages with friends.”