Now, it’s even easier to keep track of the markets and manage your investments. Similarly, asks are limit sell orders from other investors. On the other hand, Level II Data represents a current snapshot of resting limit orders (the different bids and asks) for that stock. All rights reserved. Additional regulatory guidance on Exchange Traded Products can be found by clicking here. We added candlestick charts and indicators for stocks and cryptocurrencies on Robinhood Web. For example: suppose an investor places a limit order to buy 10 shares of a given stock at $100. ETF trading will also generate tax consequences. 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. The gap between the best bid and the best ask is called the spread or bid-ask spread. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. These disclosures contain information on Robinhood Financial’s lending policies, interest charges, and the risks associated with margin accounts. Level II Market Data does not show all orders. Tweet us -- Like us -- Join us -- Get help. Still have questions? Investors should consider the investment objectives and unique risk profile of Exchange Traded Funds (ETFs) carefully before investing. Level II Market Data shows more than just the best bid and best ask on the market: it also shows the full depth of orders on the market, including aggregated quantities at … All investments involve risk and loss of capital. Robinhood Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Robinhood Financial is currently registered in the following jurisdictions. Investors can use this data in conjunction with other indicators and information and analysis, such as the price chart representing recent trades. ETFs are subject to risks similar to those of other diversified portfolios. Explanatory brochure available upon request or at www.sipc.org. Robinhood Financial LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc. Securities trading is offered to self-directed customers by Robinhood Financial. The price chart on the stock detail page represents the prices of recent trades on that stock. To learn more about the risks associated with options trading, please review the options disclosure document entitled Characteristics and Risks of Standardized Options, available here or through https://www.theocc.com/about/publications/character-risks.jsp. Contact Robinhood Support. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. These disclosures contain information on Robinhood Financial’s lending policies, interest charges, and the risks associated with margin accounts. Options transactions may involve a high degree of risk. We’ve partnered with Nasdaq to give Robinhood Gold members access to Level II Market Data powered by Nasdaq Totalview. Several federal agencies have also published advisory documents surrounding the risks of virtual currency. Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices or Web. Level II quotes or NASDAQ TotalView, which provide more in-depth information and used by professionals who trade for living, are available only at Robinhood Gold account which comes with $5 monthly fee. ETFs are required to distribute portfolio gains to shareholders at year end. A few months ago, we revamped Robinhood Gold, which is a collection of premium features including research reports and margin investing.We’re excited to share that Nasdaq Level 2 Market Data is now available on Gold, alongside other premium features such … We’re excited to share that Nasdaq Level 2 Market Data is now available on Gold, alongside other premium features such as Morningstar Research Reports. For more information see the Robinhood Crypto Risk Disclosure, the CFPB’s Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert. Robinhood Financial is a member of the .css-1xjvdi9{margin:0;color:rgb(0,200,5);font-family:"Capsule Sans Text",system-ui,-apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif;font-size:13px;font-style:normal;font-weight:normal;line-height:20px;-webkit-letter-spacing:-0.1px;-moz-letter-spacing:-0.1px;-ms-letter-spacing:-0.1px;letter-spacing:-0.1px;-webkit-text-decoration:unset;text-decoration:unset;}@media (min-width:768px){.css-1xjvdi9{font-family:"Capsule Sans Text",system-ui,-apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif;font-size:15px;font-style:normal;font-weight:normal;line-height:24px;-webkit-letter-spacing:-0.1px;-moz-letter-spacing:-0.1px;-ms-letter-spacing:-0.1px;letter-spacing:-0.1px;-webkit-text-decoration:unset;text-decoration:unset;}}Financial Industry Regulatory Authority (FINRA).