What is a Cash Account on Robinhood?
A cash account on Robinhood lets you trade stocks with the money you actually have in your account. No borrowing, no margin, just pure cash.
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Cash account = no margin, no leverage, just the funds you deposit. Simple and straightforward!
I've got a cash account on Robinhood, and it's basically like using a debit card for stock trading. Only spend what you have!
In a Robinhood cash account, you use only your settled funds for trading. It's like paying for everything with cash instead of a credit card.
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