Robinhood has unveiled a tool allowing users to have AI agents trade on their behalf, marking one of the first deployments of such technology to retail investors.
The company also released a product where agents can also look for deals and make purchases using virtual credit cards.
"Our mission has always been to democratize finance for all, and now, that mission extends to AI agents," said CEO Vlad Tenev in a statement following the release of Agentic Trading and Agentic Credit Card.
CNBC noted that hedge funds and large financial institutions have been increasingly deploying AI to automate some investments, but the technology had been largely out of the reach of retail investors.
The outlet, however, also drew attention to concerns about safety issues. The company addressed them, saying it has added guardrails and noted that "agentic trading" accounts are separated from users' main portfolios. Agents will only be able to use the funds users allocate there.
Users will also receive notifications every time a trade takes place and can disconnect the agent at any moment should they want to.
