Trade Robinhood Chain like a pro.
Factor is a native macOS + iOS terminal for Robinhood Chain: a portfolio, a live signal board across tokenized stocks, autonomous paper agents that run around the clock, non-custodial swaps, and a token launcher. This guide is everything you need to use it.
What is Factor
Factor is a non-custodial terminal for trading tokenized real-world assets — tokenized stocks and ETFs — on Robinhood Chain. It is not a broker or an exchange: it never holds your keys or your funds. It reads the chain, computes signals, and — when you choose to go live — routes trades that your own wallet signs.
A read cockpit
Your portfolio, a blended signal board across tokenized stocks, and a per-token thesis explaining why a name looks bullish or bearish.
Paper & agents
A free manual paper account, plus named agents that trade a basket and book their own P&L — running 24/7 even with the app closed.
Execution
Non-custodial swaps and a token launcher, signed by your wallet. Live trading stays behind a deliberate arm + fund step.
An on-device advisor
Apple Intelligence narrates why a trade looks strong or risky — grounded in the signals. It explains; it never decides for you.
Factor explains and routes; you decide and sign. The advisor explains, the agents trade paper, and nothing touches real capital until you arm it and fund it yourself.
Is it safe?
Factor is non-custodial by design. There is no step where Factor holds your private key or moves your funds on its own.
- Your wallet signs, always. Swaps and payments are signed by your own wallet in a secure system browser sheet. Factor only receives a confirmation that a transaction happened.
- Live trading is opt-in and gated. Agents start in paper. Going live for real capital takes a deliberate confirmation, and you fund it — Factor can't move money you haven't put behind it.
- Paper needs no wallet at all. You can use the whole terminal and run agents in paper with no wallet connected.
- Adversarially tested. The security-critical paths (sign-in, entitlements, payment verification) are covered by dedicated test suites, and payments are re-checked on-chain rather than trusted from the app.
Non-custodial by design — every trade is signed by your own wallet.
Demo vs live
Factor has two independent switches, and it helps to keep them straight:
| Switch | What it changes |
|---|---|
| Data demo ↔ live | Whether you're exploring with a sample account or connected to your real holdings. Even in demo, prices and signals are real. |
| Trading paper ↔ live | Whether trades are simulated (paper — free, no risk) or signed on-chain by your wallet (live). |
You start in demo + paper: a live-feeling terminal with real prices and real signals, simulated fills, and zero risk. No wallet required to look around.
Portfolio
Your home base. In paper mode this is your manual paper account — equity, day change, open positions, and full trade history, marked to live prices. Connect a wallet to see your real on-chain holdings. A hide-balances toggle blanks every dollar figure while keeping the labels and charts, so you can screen-share safely.
Signals & the board
The board (Markets) is one blended view across tokenized stocks and native tokens, every row marked with a signal. Slice it by asset class, by signal direction, or sort by strongest signal / biggest movers.
The Signals screen is a hub for any token. For each, Factor shows a stance — how bullish or bearish the blended signal is — and a confidence in that read, plus a short "thesis" breaking down what's driving it. Factor blends several market factors and, over time, leans on the ones that have actually been predictive and quiets the ones that haven't — so the read improves as evidence accumulates.
Stance = which way and how strongly. Confidence = how much to trust it right now. A strong stance at low confidence is a maybe, not a green light.
The Fund Advisor
On supported devices, Factor's Fund Advisor uses Apple Intelligence, on-device, to narrate a token's thesis in plain language — a verdict, a headline, what's backing it, and what to watch. It's grounded strictly in the signals.
The advisor explains the read; it does not place trades or set the direction. Buy/sell/hold and the numbers come from the deterministic engine. On devices without Apple Intelligence, you still get a clear written summary.
Paper trading
Paper trading is free, unlimited, and needs no wallet. You get one manual paper account that starts with a set balance and marks to live prices. Buy and sell to build positions; every fill is kept in your history; reset any time to start fresh. It's the honest way to try a strategy before a cent is at risk.
Your manual paper account is your own hand-placed trades. Each agent keeps its own separate paper account — so an agent's performance is always attributable to the agent, not mixed in with your manual trades.
Agents
An agent is a named strategy bound to a basket — a curated set of tokenized stocks. It watches its basket and trades it automatically on the live signals, booking its own P&L. You shape how it behaves with two dials:
| Dial | Choices | Effect |
|---|---|---|
| Risk | Guarded · Balanced · Aggressive | How selective the agent is about entering, and how large and how protected each position is. |
| Goal | Income · Compound · Moonshot | How far it lets a winner run before taking profit. |
Setting up is a short conversation — tell Factor what you want to trade in plain language and it assembles the basket, risk, goal, and a running agent for you. Free includes one agent; membership unlocks more. Every agent starts in paper; taking one live is a separate, deliberate step (see Going live).
Chatting with agents
Every agent has a chat button — the speech bubble in the gutter beside its card. Open it to talk to that agent about its own book: ask how it's doing, or tell it to trade, in plain language.
Nothing executes from a message. The chat turns what you say into a proposal card; the trade only happens when you tap Approve. Closing the sidebar or dismissing the card cancels it.
Two rails: equity and perps
Each tokenized stock can trade on one or both rails, shown by a badge on the ticker — and the verb you use picks the rail:
| Badge | Trades on | Say |
|---|---|---|
| E+P | Equity (spot) and perp | buy for spot, or long/short for a perp |
| E | Equity only | buy / sell |
| P | Perp only | long / short (no plain "buy") |
| SIG | Signals only | not tradeable yet |
buy and add mean spot. The words long / short, or any leverage like 2x, mean perp. So buy NVDA and long NVDA are deliberately different orders. Ask to "buy" a perp-only ticker and the chat points you to long/short instead.
What it understands
| You say | It proposes |
|---|---|
buy $500 NVDA | Spot buy |
long NVDA $500 3x · short HOOD perp $500 2x | Open a perp (long / short) |
close TSLA · sell TSLA | Close a position |
reduce NVDA 50% · trim NVDA half | Reduce a position |
close everything · sell all | Flatten the whole book |
sell NVDA at $250 | Limit sell (take-profit) — rests until price rises |
stop NVDA at $200 | Stop-loss — rests until price falls |
Amounts always take a $ ($500, $50k, $1.5m); fractions can be 50%, half, or all; leverage is 2x…10x. You can act on several names at once — Close $HOOD and $NVDA or Buy $250 NVDA and AAPL — up to five cards, each approved on its own.
It's a conversation
You don't have to phrase it perfectly. If something's missing — the side, the rail, an amount, or which position — it asks, and remembers your answer:
You: short HOOD perp Factor: How much margin for the HOOD perp — a dollar amount? You: $500 Factor: Short HOOD perp — $500 at 1×? → card appears
You: trade COIN Factor: COIN trades on both rails — equity (spot) or perp? You: perp Factor: Long or short the COIN perp? You: long $500 3x Factor: Long COIN perp — $500 at 3×? → card appears
A perp-only ticker skips the rail question. Say "never mind" to drop it. If you say close and hold more than one thing, it asks which — answer with the tickers, or "all".
The guardrails
- It won't overspend. Ask for more than the agent's cash and it refuses, tells you the max, and re-asks. A too-big order can't be approved — the card shows ✕ Exceeds cash and the button is disabled.
- Large orders scream. Anything ≥ $50k (or ≥ half the agent's cash) turns the card red, shows the dollars big, and the button reads "Approve anyway." Read the number before you tap.
- It won't trade the wrong rail, and a question is never a trade — "how close am I to breakeven?" is answered, not acted on.
Always put the $ on amounts — it's what separates an amount from a ticker. buy $200 MSTR commits two hundred dollars; the parser will never read the ticker as a multiplier.
24/7 & the debrief
Your agents don't clock out. They keep trading paper on Factor's servers, around the clock, even when the app is closed — so your device isn't doing the work. Open the app and it simply picks up where the agents are.
Once a day (configurable), you get a debrief: a clean report of everything the agents did while you were away — fills, per-agent standings, notable trades. A gentle reminder can nudge you to check in even while the app is closed. You control the cadence, or turn it off, in Settings.
Swaps & going live
Tap Swap anywhere to trade a token. In paper mode you get an honest simulated fill booked into your paper account. In live mode, Factor prepares a real quote and opens a signing sheet where your wallet signs the swap — Factor never holds a key.
Taking an agent from paper to live is deliberate: you confirm the switch and fund it. Until you do, everything stays paper. This arm-and-fund step is the line between "trying it" and "trading it," and it's always your call.
When you go live for the first time, use a tiny amount to confirm everything behaves before sizing up.
Launching a token
Factor includes a token launcher (macOS). Give your token a name, symbol, logo, and links, choose what it pairs against, preview the card, and launch — signed non-custodially by your wallet. It's a secondary tool tucked into the menu, not part of the day-to-day terminal.
Plans & pricing
| Plan | Price | Includes |
|---|---|---|
| Free | $0 | The full read cockpit, live signals preview, unlimited paper trading, and one paper agent. |
| Membership | $119/mo (or $99 on the crypto rail) | Live signals, manual live trading, and the launcher. |
| Extra agents | +$99/mo each (+$79 crypto) | Each additional autonomous agent. |
Annual is roughly two months free. iPhone purchases go through the App Store; on Mac you can pay with crypto for the better price. Paper trading is always free.
Glossary
| Robinhood Chain (RHC) | The chain Factor trades on. |
| Tokenized stock (RWA) | A real-world asset — a stock or ETF — represented as an on-chain token. |
| Stance | How bullish or bearish the blended signal is for a token. |
| Confidence | How much to trust that stance right now. |
| Basket | A curated set of tokens an agent trades. |
| Paper | Simulated trading — free, no wallet, no real capital. |
| Live / armed | Real on-chain trading, signed by your wallet after you confirm and fund it. |
| Non-custodial | Factor never holds your keys; your own wallet signs everything. |
FAQ
Do I need a wallet to try it?
No. The full terminal and paper trading — including agents — work with no wallet. You only connect one to trade live or see real holdings.
Can Factor move my money on its own?
No. Every real trade is signed by your wallet, and live trading only happens after you deliberately arm and fund it.
Do agents really run when the app is closed?
Yes — paper agents run on Factor's servers 24/7. You get a debrief when you come back.
Is paper trading limited?
No. Paper is free and unlimited, with full history, and doesn't require a subscription.
What can the advisor do?
It explains a token's thesis in plain language, grounded in the signals. It never places trades or chooses direction.