Introducing Robinhood Legend: A Powerful Platform for Advanced Traders
Over the past decade, Robinhood has democratized investing by offering commission-free trading and a user-friendly mobile app. In a move to cater to more advanced traders, they have introduced Robinhood Legend, a browser-based desktop trading platform designed for those seeking powerful tools and real-time market insights. Legend combines stock, options, cryptocurrency, and futures trading in a single platform, simplifying portfolio management and strategy execution. It is available at no additional cost to all Robinhood users, making it a more accessible alternative to platforms that charge subscription fees for advanced tools.
Key Features of Robinhood Legend
Advanced Charting Tools
Powerful charting capabilities allow traders to analyze market trends in greater depth. Users can display up to eight charts simultaneously, providing flexibility to monitor multiple assets or technical indicators. Various chart types, including candlestick, line, and Heikin Ashi are available alongside technical indicators such as moving averages, Bollinger Bands, and VWAP.
Dynamic drawing tools for horizontal lines, trend channels, and fibonacci retracements are offered, plus users can save their favorite configurations as indicator templates.
Customizable Layouts
Traders can create their ideal setup in seconds with an intuitive layout engine. Personalized workspaces can be created by resizing and repositioning widgets or choosing from preset templates optimized for different trading strategies. This flexibility supports traders who rely on multiple data sources and analytical tools.
Real-Time Market Data
Robinhood Legend delivers realtime data updated at sub‑second intervals. This feature ensures that users receive the most accurate and up-to-date information, crucial for making timely and informed trading decisions.
Seamless Order Execution
Orders can be placed directly from charts, watchlists, or options chains. Once you spot a trend, seconds can influence returns. This streamlined trading experience allows users to execute trades efficiently without navigating through multiple menus.
Dynamic Linking
Widgets within the platform can be linked to synchronize across different sections. You can instantly update symbols across layouts, tabs, even multiple monitors. For example, selecting a stock in the watchlist will automatically update related charts and data panels, simplifying the trading workflow.
Robinhood Legend seamlessly integrates with the platform’s newly introduced trading products, including index options, offering a more comprehensive trading experience within a single platform. True to Robinhood’s brand, Legend maintains a clean and intuitive design, making advanced trading tools approachable for traders of all experience levels.
The platform represents a significant step forward in Robinhood’s evolution from a beginner-focused app to a company that offers comprehensive trading solutions. In the rapidly evolving world of online trading, Robinhood Legend offers a promising bridge between simplicity and sophistication—empowering users to make smarter, faster trading decisions without the traditional costs associated with advanced platforms.
Disclosure:
All investments involve risk and loss of principal is possible.
While there is no additional cost to use Legend, there are other fees associated with your brokerage account. Review our fee schedule for more information.
Robinhood Legend use is for informational purposes only and is not a recommendation of any security, investing or trading strategy. Some of the capabilities of Robinhood Legend may be different or absent from what is offered via the Robinhood mobile app or Robinhood classic. Please be sure to understand these differences and what might work best for you.
Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Unlike equity and ETF options, index options have some unique features that should be understood before investing in them. This includes, but is not limited to, settlement, exercise, expiration, tax, and cost characteristics
Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services.
