Does Robinhood Markets offer a 1% match?

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages. Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said.

Is Robinhood Markets attracting customers with fatter wallets?

Photo Illustration: Adam Falk Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages. Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said.

Is Robinhood Markets attracting new investors?

REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) - Robinhood Markets is attracting customers from other brokerages, and is seeking to expand beyond its base of young, first-time investors, the Wall Street Journal reported on Saturday.