Business Corpus: Free Investing App Robinhood Adds Hot Foreign Stocks Like Tencent, AdidasFree investing app Robinhood is including foreign stocks for the first time, as more companies, including banking giant JPMorgan Chase, turn to the zero-fee model. The post Free Investing App Robinhood Adds Hot Foreign Stocks Like Tencent, Adidas appeared first on Investor's Business Daily.

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Free investing app Robinhood is including foreign stocks for the first time, as more companies, including banking giant JPMorgan Chase (JPM), turn to the zero-fee model.

Robinhood is adding more than 250 American depositary receipts of global companies to its online trading platform.

They include Tencent (TCEHY), Adidas (ADDYY), Nintendo (NTDOY), Softbank (SFTBY), BMW (BMWYY) and Heineken (HEINY).

"This is the biggest addition of new securities since we launched three years ago," the fintech startup said.

Robinhood's popularity, especially with younger investors, has disrupted the traditional online brokerage industry dominated by Interactive Brokers (IBKR), Charles Schwab (SCHW), E-Trade Financial (ETFC) and TD Ameritrade (AMTD).

The discount brokers received another blow about a week ago when JPMorgan joined the free investing trend.

JPMorgan shares closed down 0.5% at 116.14 on the stock market today as they form a third-stage base with a 119.43 buy point. Schwab dipped 0.25%, TD Ameritrade rose 0.75%, E-Trade edged up 0.1% and Interactive Brokers rose 0.3%.

Free Investing App Robinhood To Add Even More Foreign Stocks

The free investing app plans to soon expand the global list with stocks from France, including "most frequently searched companies" LVMH Moet Hennessy Louis Vuitton (LVMUY), and Michelin (MGDDY).

"You may also choose to invest in global stocks to diversify your portfolio," Robinhood said in a blog post

Since its launch, privately held Robinhood has racked up more than 5 million brokerage accounts and is now valued at $5.6 billion.

Robinhood also offers ETFs, options and cryptocurrency trading.

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