The power of our most advanced charts—now in your pocket; plus a new simulated returns pre-trade tool for options traders
Today, during our first ever product spotlight livestream, Robinhood Live Demos: Mobilize, we announced Robinhood Legend charts on mobile, bringing our most advanced charting experience directly to your phone, along with options simulated returns pre-trade.
This is a big step toward our goal of making Robinhood the #1 destination for active traders. With Legend charts on mobile, you can analyze markets, track trends, and execute trades with speed and precision, no matter where you are.
“Active traders want fast, intuitive tools that keep them at the cutting edge, whether they’re at home or on the go,” said Abhishek Fatehpuria, VP of Brokerage Product at Robinhood. “With Robinhood Legend charts on mobile and simulated returns directly on the mobile options chain, we’re giving customers the power to meticulously analyze their trading strategies and act in real time, right from their pocket.”
The Power of Robinhood Legend Charts, Now on Mobile
We know that charts are one of the most important tools for our active traders – around 90%* of Robinhood Legend users center their setups around charts. Whether you’re tracking price action or timing your next trade, having a detailed view of the market makes all the difference. Until now, Robinhood Legend’s advanced charting capabilities were only available on desktop. That changes today.
Legend charts on mobile are designed for speed, precision, and seamless syncing between mobile and desktop. With the power to place trades directly from the chart and react quickly to market moves, active traders can stay connected to their strategy anytime, anywhere.
At launch, you will have access to:
- Live candlesticks down to two ticks: Zoom in and out with a pinch and quickly scroll back and forth with ease. We’ve expanded interval options from five minutes down to two ticks and increased available indicators from 7 to over 80—making it easier to spot short-term trends and act quickly.
- Quicker trade entry with auto-send: With our new auto-send feature, you can place an order with just a few taps, instantly entering a trade all within one screen.
- Seamless transition between web and mobile charting: Your mobile and web charts sync automatically, so you can pick up right where you left off with your custom tailored trading views, trendlines, and setups.
- Available at no additional cost: In the spirit of Robinhood’s mission, you will have access to mobile advanced charting at no additional cost.
Options Simulated Returns: See Potential Outcomes Before You Trade
Over the last 18 months, we’ve introduced several new features for options traders, including options simulated returns post-trade. Since its launch, we’ve seen one-third* of traders leveraging the tool to help plan exits and manage their open positions. We’ve heard directly from customers that they want similar insights before they place a trade, too.
That’s why today, we’re also announcing options simulated returns pre-trade, a new feature that helps options traders visualize how a trade might perform before entering a position. Prior to executing a trade, you’ll see a range of possible return outcomes, modeled using historical volatility. It’s a quick, visual way to simulate the potential returns of a position in different scenarios, so you can fine-tune your strategy and move forward confidently.
Robinhood Legend charts on mobile are rolling out beginning today for U.S. customers and options simulated returns pre-trade will begin rolling out to all U.S. and UK eligible customers in the coming weeks.
For more information on Robinhood Legend charts on mobile, visit robinhood.com/us/en/legend/.
Disclosures:
*Based on Robinhood data
All investments involve risk and loss of principal is possible. Customers should consider their investment objectives and risks carefully before participating in any type of stock or ETF trading strategy. Robinhood does not recommend any particular technical or fundamental trading strategy nor that any strategy will be profitable.
Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Certain complex options strategies (including multi-leg) carry additional risk and complexities including the potential for losses that may exceed the original investment amount.
Robinhood Financial LLC (“RHF”) (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (“RHS”) (member SIPC), is a registered broker dealer and provides brokerage clearing services. RHF and RHS are separate but affiliated entities.
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