Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Cho Evelína on March 15, 2023
Category: 
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

How Many Total Users Does Robinhood Have?

Robinhood, the popular investing app, has become a household name over the past few years.

The company's innovative approach to investing has attracted millions of users, and its platform has disrupted the traditional brokerage industry.

One question that often comes up is how many users does Robinhood have?

In this article, we will look at the most recent figures from the company's Q4 2022 earnings report to answer this question.

Limited Time: Robinhood 1% Transfer Bonus

If you transfer an existing brokerage account to Robinhood through December 8th, 2023, you can get an Unlimited 1% Transfer Bonus.

Robinhood Transfer Bonus

For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.

In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.

Net Cumulative Funded Accounts

According to the earnings report, Robinhood's net cumulative funded accounts increased by approximately 50 thousand sequentially to 23.0 million.

This figure represents the total number of accounts that have been funded since the company's inception.

It is worth noting that this number includes both active and inactive accounts, as well as accounts that may have been closed or inactive for various reasons.

Monthly Active Users

Another metric that is often used to gauge the popularity of investing apps is monthly active users (MAU).

Robinhood's MAU decreased by 0.8 million sequentially to 11.4 million in Q4 2022.

This decrease was attributed to customers navigating the volatile market environment during that period.

While a decrease in MAU may raise concerns for some investors, it is important to note that Robinhood still has a significant user base of over 11 million active users.

It is worth noting that the number of users does not necessarily equate to profitability for the company.

While a large user base can be an indicator of potential revenue, it does not guarantee profitability.

Final Thoughts

In conclusion, Robinhood had 23.0 million net cumulative funded accounts and 11.4 million monthly active users as of Q4 2022.

While the decrease in MAU may raise concerns, it is important to consider the volatile market environment during that period.

As with any investing app, it is important to consider a variety of factors beyond user numbers when evaluating the potential for investment.

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Article written by Cho Evelína

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™
magnifiermenuchevron-downcross-circlechevron-down-circle

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

18749
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram