What is the Average Robinhood Account Size?
Average Robinhood Account Balance
Robinhood account holders have a significantly smaller average account size compared to more established brokerages.
It had been stated that the median Robinhood customer has a $240 balance in their account, with the average total investment being about $4,000. If you compare those to platforms like E-Trade and Charles Schwab, you’ll see that they, on average, have a balance of $127,000 and $234,000, perspectively.
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Selling Covered Calls on Robinhood
