What is Rubicoin?
Rubicoin is a maker of financial investment tools designed to transform anyone into an informed, confident investor.
What makes Rubicoin different?
Rubicoin helps people shape their financial future by making it simple to start investing. We give straightforward instructions on how to buy shares and clear choices on what shares to buy throughout your investing life.
What do I need to get started?
Rubicoin is available on iOS for iPhone, iPad and iPod Touch. Users can sign up with an email and password.
Who can use Rubicoin?
Rubicoin apps are available to anyone on iOS for iPhone, iPad and iPod Touch. We hope to make our apps available to Android users later in 2016.
Will users be able to access their financial accounts on their computers as well as phones?
Rubicoin is a mobile-first company. At the moment users can only access their Rubicoin account on iOS compatible devices
What information do I need to open a Rubicoin account?
All you need to do is register with us using an email and password.
What information do I need to open a brokerage account?
Depending on which brokerage option you choose you will be required to give different information but all brokers require a social security number, a US address and employment details.
Does Rubicoin have access to my social security number?
No. This is only required by your broker for account set-up and is not required by Rubicoin.
Does Rubicoin have access to my brokerage account?
We do not have direct access to your account or your account details. We issue instructions to your broker-dealer for the buying and selling of stocks through our apps.
Does Rubicoin have access to my bank account?
No. We don’t have any access to your bank account.
Does Rubicoin have access to my personal information?
We don’t have access to any personal information you share with your broker-dealer. The only information we have access to is the information you provide to us through registration on our apps.
How is user information protected?
We never store or save any of your broker information, and your session is completely closed as soon as your order is sent to your broker.
Is any of my information stored on Rubicoin’s servers?
We only store information linked to your rubicon profile and not your stock brokerage account.
Buying and Selling Stocks.
Can I buy and sell stocks using Rubicoin?
Yes, you can buy and sell stocks using the Invest app. You can create a new account with Robinhood through Invest or you can link to your current broker in app using a platform called TradeIT.
Who are your brokerage partners?
Robinhood, TD Ameritrade, Fidelity, Scottrade, Schwab, E-Trade, OptionsHouse, TradeStation, Tradier.
What is the transaction fee going to be?
There are no fees if you open an account with Robinhood. Transaction fees apply for other brokers and will vary depending on who you use.
How much or how little can I invest using Rubicoin?
You can invest as much as you like up to limits set by your broker-dealer. And you can invest as little as the price of one share.
Can I sell my stocks at any time?
Yes. Stocks can be sold at any time as long as the stock exchange is open.
How many stocks can I invest in using Rubicoin?
You can buy an unlimited number of stocks.
How do I withdraw money from my account?
Different broker-dealers have different fund withdrawal processes so it’s best to consult with your broker.
When will I be charged transaction fees?
Your broker-dealer applies the transaction fee at the time of purchase/sale
Taxes and Fees.
Do I have to pay taxes on money I make through my Rubicoin account?
All transactions through Rubicoin are subject to the same taxes that apply to buying stocks through any broker-dealer.
Are there withdrawal fees?
Withdrawal fees are subject to the policies your broker-dealer has in place. Please consult the fees of your broker-dealer for further information.
Will I be charged a fee for an inactive account?
Inactive account fees are subject to the policies your broker-dealer has in place. Please consult the fees of your broker-dealer for further information.
What versions of iOS do your apps support?
We support iOS versions 8.0 +
When are you releasing your apps on Google Android?
We hope to release our apps on Google Android later in 2016