Michaelw17 - I wish you had more crypto and coins in general
I would like to invest in some other securities that robinhood doesn’t have. I feel you guys are losing clients to this matter. Also, there are some stocks you guys don’t allow on the site but are on others. Finally, I wish you guys would make trading extended from 4am-8pm. Again some other brokerages allow that. I feel that these 3 main reasons are holding you guys back alittle when you could have 100 million users instead of where we stand today. I’m with you 100%. Two wks ago I was alittle weary and Alot of fellow traders im friends with all started discussing leaving robinhood for other brokerages like webull and ameritrade etc etc again some prob left your brokerage over the squeeze ordeal. I had an issue with it also. I know you guys float money but this should have been thought of before you became a bank pretty much per say. We lost thousands and tens of thousands of dollars off of the retrained that were put on us. Even with crypto. That was alittle outside of character. I understand why but it screwed us when if we were on or with another brokerage per say that wouldn’t have happened and I’d have another 7-12k or more in my acct. right now. Just giving you the word on the street lol anyway you guys have made your site very easy to use and it’s all at your fingertips (for the most part like I stated) all in all. Thanks and hope this helps. Mike
Pw95 - Excellent, but improvement idea
First off, using the app now for years and loving it. Excellent idea also to add option trading and crypto. I very much enjoy the margin account under Gold (well done and conditions are fair) and I see how Robinhood is constantly improving it. However, definitely problematic are the following aspects: 1. Power usage, the app is draining my battery. Idk if it is because I have a lot of stocks on the watch list and every time I open the app it’s loading in all data for each of them or something, no idea. But my phone gets very warm after a few minutes of using the app (iPhone Xs with 96% battery health and iOS 13.6). 2. Technical issues at order placing. Low volume products such as certain options or even for high volume blue chip stocks sometimes the order confirmation page is loading for 5min before it’s placed. Same thing for cancelling an existing order sometimes. Usually though this isn’t much of an issue. 3. Robinhood has the “replace order” button for placed but pending orders for options. Why not also make it a button for placed but pending stock orders? Would be so convenient. 4. I just wish you’d see some more data next to the list where you see PE and yields. Beta coefficient and payout ratio would be absolutely lovely to have there. Important metrics and convenient to see at one glance. Hopefully you’ll take this feedback into consideration when improving the app. Other than that, keep up the good work! Thanks.
Baretruth - Power in your hands
Robinhood gives you the power to dynamically view securities and place orders clearly and quickly. It also gives you the power to quickly grow into advanced investing strategies if you wish to. Critics may say this is terrible because it’s too easy for the unwitting to lose their money not understanding what they are doing. To that I say I’m sure that happens, but Robinhood does their part to prevent this. They have educational resources and built in info and messages to caution and inform about risky trading actions. Do not blame Robinhood for the thoughtlessness of careless users. Having access to the tools Robinhood provides is truly freeing and empowering. Yes, they have their bugs and other issues. However, the platform is so preferable to any other platform that I am not bothered at all by an occasional downtime or other issue. Further, I have used Robinhood since before they offered fractional shares, Crypto, and their debit card/cash account (which pays interest monthly at a superb 0.3% APY!) and each of these features have made it all the more amazing. My message to the remaining critics is that you don’t seem to understand what you’re missing out on. By my estimates, Robinhood will be able to fix its current issues and introduce more and more features that make it the best place for any non-corporate investor to be.
Sincerely, impressed. (And looking forward to what’s ahead on Robinhood)
Ooksneksneknd - Very laggy, needs extended trading hours.
My app is been so slow, worse every day. I even upgraded to top of the line Internet and nothings changed. Taking forever to load the stocks I own, and then taking forever to update their prices. When I click on the options, the same thing happens. When I click on an option to buy, instead of opening up where the price is currently so I can buy somewhere above or below the money, it opens on the most expensive call available. Then I have to take the time to scroll down to find the price of the stock and then determine my calls from there. It’s just super annoying. Lot of unnecessary time wasted for no reason. If you’re trading stocks, and time matters, literally down to the second, this is definitely not the app to use. Will cost you thousands of dollars like it has me. If you are swinging or long-term trading then it’s good for those purposes only. I am slowly exiting my positions one by one and freeing up my money so I can transfer my stocks over to a different platform. I really love how user-friendly this app is, but the small details that cost time, cost money. If you try to email them about anything, you always get a generic answer from a prompt. Even that’s a waste of time. If you email them about your app being slow there’s nothing they can do. They tell you to do all the obvious stuff like power cycle your phone, restart your Internet, uninstall reinstall your app. None of it works to improve the app speed.
UMM BusRider - Great But Buggy
Robinhood has a great concept going for them. They’ve targeted a niche area of the market which caused a domino effect for the rest of the brokers. Robinhood moves other brokers away from fees per trade and change the game for good. However with that they provide an extremely good UI which is simplistic and easy to use. This is especially good for newer traders and investors as well as it making it a pleasant and seamless experience. But with that being said there are few bugs that they need to work one. Starting with the accuracy of the charts of portfolios. I’ve noticed and a few friends of mine have noticed a few offages (Money I put in + growth) doesn’t always add up. My next issues is that on busy trading day Robinhood needs to increase their server capacity. I don’t like to wake up to either Robinhood unable to make a trade for me because of “high volume” or “May experience delays due to higher traffics” but you get what you pay for and in this case I’m not complaining to much. But over all if you’re looking to start getting into the investment game and you know where to start I would recommend using Robinhood. I mean I did recommend it to all my friends. Ever app has up and downs and I’m certain Robinhood will eventually work out the kinks and be ever better than it is now. They’ve come along way from when the app just rolled out.
Hig89 - What happened sucked regardless....
Giving a one star is something not in my blood. I came into the hype like everyone else, but late and I’m okay with that. I did not put my life savings in it though. At the end of the day it’s gambling . I was not effected as others were. This App indeed did some shady stuff regardless of why you did it. But that’s life right? I’ve learned a lot in these past weeks and if it wasn’t for this app, I really wouldn’t be aware of how things can turn. I’m starting to focus on my long term investments more then ever and I love that. I’ll continue to use this app as references, but putting big bucks in Robinhood is now something I’ll never do. I appreciate the platform for me to learn and understand this game. 3 stars I find appropriate, I just hope you learn from the one star reviews and help the people who truly need it during this time. Not the hedge funds who already have billions of dollars. Robinhood is the name we all know as children who take from the rich and give to the poor. It’s hope for many who don’t have the means for it. You gave hope to people then took it right back. I won’t delete this app, but people and myself included need to be more conscious where our money rests. Thank you again for this platform and hopefully other developers can learn from mistakes that Robinhood made. Good luck with everything ! A lot of punctuation error but you get my point . Regardless of the money.... the moon we go!
A*Low - Experience Improvement Suggestion
This has been a fantastic app in all the time that I’ve been using it. Since about 2017. There have been many new additions since then. One of them being analyst ratings where we can see how many analysts provided a rating, and what percent said said buy, hold, or sell. This has been quite a useful gauge (along with others) for investing. That being said we all know time marches on and opinions change. Unfortunately I have not noticed any relevance to time in this analyst ratings feature. Perhaps these ratings are updated weekly. However, without knowing at what time the ratings were made it’s hard to tell how a stock, like GOOG, would be rated after some news comes out, like the antitrust inspection. Surely we can look at the rating description to see if it mentions anything about this news, but it still doesn’t address the main concern. That is when did each analyst rating actually happen. 30 could have been before a big news break and perhaps only 7 after. Making for a possibly inaccurate rating. Perhaps the news has nothing to do with these analysts ratings and it’s all about the companies numbers. In such case public opinion has no impact on ratings and thusly time is not as important. However it would still be nice to know when the ratings were made or last updated.
Philip Eenos - Works well until it doesn’t! Support is the worst!
I’ve had Robinhood for well over 5 years now and it was a great app to learn how to trade general stocks as well as options trading. The worst and most important part comes down to support when anything goes wrong. Expect the worst service you can get and expect to lose money since you won’t be contacted for over a week. When I say expect the worst service, that means they will only contact you via email or somehow via the app, don’t expect to find a number because that does not exist with their support. Robinhood support is supposed to contact you within 1-3 days as they say and may take longer due to volume. I have personally reached out 6 times due to not being able to sell a call option to take profit and the app saying “Account cannot trade that instrument” all the way up until the day of expiration. I lost the opportunity to make a few hundred dollars until I was only left to exercise the option and let the other option go to waste and expire out of the money by the time the stock dipped at expiration. Because of this, I have opted to transfer my full account to another broker and decided to close my account with Robinhood once it clears. Lack of support is an important aspect especially when you’re dealing with something financial. With that being said, I wouldn’t recommend Robinhood to anyone unless you want to risk a potential loss when something goes wrong and “support” will not support you in time.
LIk3Aball3r - Great App!
It’s easy to understand (once you get familiar with stock trading terminology), and it makes trading stocks feel simple.
One suggestion I do have is when I’m looking at the line graph of a stock that I have shares in, I’d like to be able to see visually on the graph where I jumped in at. So say I bought some shares at $4.67/share and I held the shares for 2 months. If I click on the 3 month view of that stock, I’d like to see a little pin or something on the date that I bought my shares at. That way I can see in an instant whether I bought while the price was high or low or mid. Also it helps just in general to see what spikes I’ve held my shares through and which dips I’ve been along for the ride for. I could see this being particularly helpful in situations where I’m buying/selling a lot of shares quickly, or I’m trying to study the markets and look at my past investments. We would be able to notice patterns in our trading habits like if we are overly aggressive on a regular basis, or if we are consistently too passive. I’ve noticed just by my own tracking that I tend to sell a little early. But if I were trading on much larger scales with a lot more money, I wouldn’t be able to mentally keep track of everything. So without writing it down, it would be tough to look at these stocks and remember when I bought at. Just a thought.
Muttlikepop - New member.
I joined Robinhood a little over 3 months ago in Feb 2020 after I heard Clark Howard talk about on the radio. I think it is a great asset to the common man who doesn’t have thousands of dollars to invest in stock all at once. Robinhood is a way for the average person to study and learn about different stocks themselves and decide where they want to put their money. Then by way of the phone app they can check their stocks all day every day. A person can invest as much as they want, pennies or more. I’ve been able to invest over 3,000 dollars in these 3 make months by taking some savings and then doing the best part, which is taking any disposable income I have and buying stock with it. I never stop for fast food or buy anything but necessities now because I’ve found that I’d rather take the $5.00 or whatever it is that I would spend on junk food etc and buy stock. With the virus canceling all sports I’ve found watching my investments on Robinhood be more entertaining especially since I actually have a stake in the game now. The only thing I do wish Robinhood would do is explain the gold mining daily market better. I’ve put large amounts of money into a few of these and then all of a sudden the stock totally changes. These companies send out information but for an average guy they are too hard to understand. Thank you.
GrandpaToldMe - Freedom IS Actually Free!
Time is the number one advantage you have when investing. Or so my grandfather told me. For years, however, I waited and put off investing until I had “enough” money to make the fees most brokers charge worth it. But I never seemed to have “enough” and I hated waiting (and therefore wasting the magic of compound interest). Robinhood took away my excuses and not only made it ridiculously easy, but completely FREE to invest. I’ve been using the app for over 3 years now and I’ve never spent a dime. And by referring the app to friends, I’ve received 15 FREE stocks from Robinhood (worth $65). The design is intuitive. The financial charts are easy to understand, without being overwhelming. The always up-to-date links to the latest news stories about the individual stocks are really helpful; over time, just reading little by little, I feel my knowledge about investing has grown thanks to those links. I’m mainly interested in long-term investments, but the few short term trades that I’ve made have been a breeze. I’m not that wealthy, yet, but honestly this app is one of my favorites on my phone because watching the dividends come in and the compound interest grow year-by-year genuinely makes me happy. Robinhood is simply complete financial peace-of-mind in a beautifully designed app. I can’t thank its creators and designers enough!
Jolius - Love the app
I would have given it a 5 stars review, but some aspects of the app needs work. I think it would be easier for someone at my level of inexperience with stocks to have your actual stocks label stocks own by you so that you can understand better, even tho it sounds silly it took me a while to figure out that my stocks are the first ones, as well as I guess is a given once you look under the name of the stocks that it shows you a number of how much you own of that stock. The other thing I believe can be improved is the amount of time that it takes for your application to be approved, I know that this can be challenging since many people are applying but the market changes at moments and you loose the chances of buying stocks at a lower price by the time your application is approved. I think that it could also be a good improvement for the app if they would just add a buy button to either the left or right on the stock instead of having to press on the center since sometimes you end up pressing right and it gives you the display data instead of the buying option. I do love that this app exist and the last thing I would love is that they would give you the free stock once a person uses your link instead of having to wait for their application to be approved. I hope my feedback will be of hep. Thanks to the team and everyone involved in the creation of this app.
CarbonMINI - Great Interface, Poor Standards
From the outset, I have enjoyed the app’s aesthetic and ease of use. The entire process is very polished and made trading/research enjoyable while providing the needed information. I have no complaints whatsoever with the program from a technical standpoint.
Had you solicited my opinion prior to the end of January, I would have given an equally glowing review for the trading ethics as well. Being that the process of making a trade is rather simple, one can only say that Robinhood provided the service as expected or did not. As I’m sure Robinhood is well aware, trading was restricted on a number of shares due to “volatility” as your messages called it. Later, an explanation was provided that the clearinghouse would not approve trades in certain equities due to this volatility. As a service which provides access to the stock market via commission free trading, Robinhood and its clearinghouse should have been aware of such volatility’s prior to the events that unfolded. Instead, it’s users were denied an opportunity that many have acknowledged may never happen again.
In short, Robinhood employs a streamlined and user-friendly means of interacting with the stock market. However, this comes at a price: such access can be denied whenever Robinhood is unprepared to deal with foreseeable issues. It leaves this user to wonder whether there aren’t more reliable platforms that may not look as nice.
ArAgOnRiChIe305 - Senior Tax Accountant
Love this app! This is been instrumental for so many people I know in their understanding of investing, financial planning, and general financial health. Amazing, easy-to-use user interface. Love the free stock for referrals, love the selection of securities, and love the cash management. My only gripe is perhaps updating the Dividend Yield, PE ratios, etc. to the current security information (current price, current dividend payout, etc), showing the performance over a period of more than 5 years (i.e. 10 years, ALL-TIME), and having a more robust, advance information base.
RobinHood has and is solving a market problem by offering an investment solution for the masses, highlighting the fact that investors should understand what they are doing and what they are investing in. This is an incredible tool and resource on how anyone can improve their financial position, condition, and health through investing. This isn’t something just for ultra rich. This is available to everybody. Just have to have the determination, perseverance, and the mental fortitude for all our decisions about money (from all that online shopping to buying premium brands to feeling like you “need to splurge” yourself to make you feel better (you really don’t need it) and sky is the limit. Excited for people interested in this app and in their financial future.
J.SakH2HG - Better money movement strategies
I really am enjoying Robinhood. I would like to say that there is one thing I’m not fond of however. That is the trade and sell in a single day feature. Three trades and sells in 5 trade days is just nonsense. You are telling your investors that they must take a loss. Or that they can’t make money. I get the concept as to why you do this. Again though it is unfair. We read up on a stock that is predicted to do well and invest money, that same day the stock starts to take a dive and we can’t pull out without being sited for a possible “day trade”. I’m new to all of this like many of your investors using this app are. I think implementing something for the little guy would be more fair. You say it’s ok if you have $25,000 invested on the app. Well a lot of us don’t. And I’d like to be able to move my money where I’d like when I like and maybe you guys should consider upping that trade number to 5 per 5 trading days or “week”. Then impose a few for any there after! The idea of being restricted from getting out of risky stocks is not fair. Pretty much saying that you need to put your money into blue chips or futures and let it sit as opposed to buying a stock and looking to turn a profit that day or week. Sorry if I haven’t articulated myself the way an investor with years of experience would have. Although like I said I myself along with many others using Robinhood are beginners. Thank you.
Phone Philmmaker - Investing for anyone
Robinhood is a great way to start investing cash in stocks with fractional shares, which generally start at a dollar. It doesn’t have to be your life savings, it can just be like $20 here and there. Rather than having the money sit around, it can grow with the market, and appreciate in value generally faster than the interest from your bank or whatever. It’s not a game, you could lose real money, so be careful. FTC rules dictate that you can’t do risky moves like day-trading if you don’t have tens of thousands to play with, but that’s probably for the best.
There’s some weirdness around wait times for bank transfers and some controversy around whether you really get the full value of what you buy, due to the financial mechanisms they use to make trades “free” - but that’s to be expected for financial services like this.
The app is nicely designed but a little buggy - sometimes it loses track of what’s in your lists and what isn’t, for example. When trading crypto it’s not as fast or as granular as a real exchange. It has a news feature which is pretty informative.
All in all, if investing is something you have been wanting to try, I would recommend giving it a shot through Robinhood. It’s fun! Just be careful and smart about it. Like gambling, don’t wager what you can’t afford to lose.
Calliope1975 - GOLD offering is awful; news sources are awful
Look, I like this app...a lot. But it has issues. It lets me: buy fractional shares, of stock and ETFs. And the process is easy. The UI is great. But you provide no other type of free analysis of stocks. All you give are links to news stories from Benziga (which never gives real info, just tries to get you to join them by promising a list of 10 best stocks. That’s not news. It’s spam. Also, no more Motley Fool PLEASE. They peddle in meme stocks. Then those stocks fail, and they’ll have a story, 5 days after they say to buy, that ridicules people for buying those same stocks. Your Gold offering is unclear on where/how you deduct the 5 dollars, whether it’s the only way to utilize DRIP. You barely have any educational material aside from Benzinga and Motley Fool, which are used my meme and GME type investors. Can’t you offer, say, a 1-2$ offering (deducted via App Store....I know, they keep some of it...who cares) where people can use DRIP and get access to Morningstar or Argus or other research? I cancelled Gold and I still don’t know where you take the money from, and why if I paid for a month it cancels immediately even if the month isn’t up. I have 10 similar apps and there is not one that has the following free features: DRIP; fractional shares; robust educational materials; stock news from multiple and trusted sites; some free analysis of a stock; varied crypto trading.
Sully420King - I loved Robinhood, until they became shady.
I’ve been using Robinhood for over 3 years now, and honestly, I loved it, especially once they allowed the buying of fractional shares. However their recent actions in response to GameStop, Blackberry, Nokia, AMC, Dogecoin, and other stocks & cryptos, is shady, and as an investor & customer, disappointing. They gave an explanation for their actions, and it was an extremely poor excuse. What they’ve shown me is that they are not in favor of their customers/investors when they compete with major Wall Street hedge funds. They will turn their backs on the small time investors, which is the majority of their customer base, and side with the big hedge funds. Robinhood wants you to invest on their platform, but they do not want you to succeed in your investments beyond a bar that they’ve set, that can change at any time that they choose. I’ve given them an average rating of 3-stars because when I first started using them I give them 5-stars, but now that I’ve seen the true colors of their business ethics, I give them 1-star... and that’s being generous. For the moment, I’m still using them out of convenience until a few of my stocks mature, but once that happens, I will be closing my account and moving to a non-restrictive platform for future investments. I suggest that others do the same if they intend to make money with their investments.
Nickk118 - Moving away from using Robinhood
I signed up for Robinhood a few years back. I didn’t know much about investing but I thought I would give it a try. I found the act of buying and selling stocks to be easy but I didn’t like the lack of other features like the ability to look at detailed charts or even create price alerts. After a few months I withdrew my money. Fast forward 2 years later and I thought I would give it another try. I imagined that in 2 years the app would have made some substantial improvements. I was wrong. The functionality is still the same and there still are no advanced features like charting or price alerts. I do not like the pattern day trade rule Robinhood has setup. I do not trade with margin and only use my available cash. On most other platforms with a cash account you avoid this rule but Robinhood uses it no matter what. After 4 trades you are banned from trading for 90 days. Also, this app crashes and glitches A LOT! On high trading days I have seen many people complain that their app isn’t working. I’ve also had issues with my chart matching my activity and this does not make me fee very confident that the app is tracking my balance accurately. Overall this app could be good for people who want to learn the process of buying and selling stocks and are going to basically “set it and forget it”. If you plan to be an active trade this app is not for you. As soon as I can withdraw all my money I will be switching over to another broker.
Mr.Puffing'N'Stuff - To The Moon 🚀
Robinhood is why I invest and invest in crypto now in my life. Trying to figure out how to make money for my family since I had my first baby coming in 2021. Kept seeing the Doctors and Nurses talk trades and thought I could attempt. I like talking business and learning where the future is going. Got onto the app store picking through apps that offer trades and Robinhood popped right up. Since I love the name Robinhood because of plenty of funny movies yet the idea of wealth spread out it was a no brainer for me. RH has made it friendly learning with plenty of help for a person as slow as me to understand and make my first trades. Very exciting days learning to follow companies and hear what others say using social medias to follow have helped me a lot. If you are brand new to investing, look at Robinhood and even if you are an investor of many years it is still helpful to use with other platforms. Thankful to Robinhood and Jim Cramer for getting me through mu first months of learning about markets. They both go hand in hand for me.
Excited for Robinhood to offer crypto wallets soon as well. That will be a major mile stone for Vlad the creator. Hope this finds you well and hope you make plent of money to have the bills paid and food in your belly.
To The Moon 🚀🌕
Addyyoluh - Best Brokerage app for 1st time investors!!!
The major issue I have had with Robinhood is their glitches. The biggest being occasionally crashes that can last an entire trading day this can be inconvenient for option and day traders aside from these and a couple other issues Robinhood is an awesome platform. I wish the option to organize the stocks you search buy MRK CAP, AVG’s over Days, Months, and Years and ANALY RAT’s was included on the app as with the desktop it would be a nice feature to have. I love the cash management option along with those for fractional shares and drip investing but I wish there was away to practice investing to see how you would preform on let say options trading. Having a paper trading option on Robinhood would benefit the app and the users by allowing users to practice trading in a way that could make them more money. Paper trading also gives Robinhood more money from each customer as they would feel more comfortable placing money in trades than they might now. There are also areas Robinhood lack in analytics. I imagine advance charts might scare new users not familiar with trading however, which is why I would say disable the option by default until the user enables it. All in all Robinhood is a 5/5 Investing app. 🎖🎖🎖🎖🎖
Jaydubvee87 - True market manipulation
This review is probably going to be deleted so I’m going to screenshot it and share it on other socials if it does. I loved Robinhood at first because it was a great was for me to dip into the stock market without feeling overwhelmed by the big bad “stock market”. It is very user friendly and the support team did respond to me fairly quickly...HOWEVER. When any “free market” company like Robinhood limit the amount of shares on can purchase it manipulates the price of a stock. If a Hedge fund can have a transaction worth millions of dollars at a time one way “short” and retail investors can only have transactions of say $1000 at the same time. It doesn’t take a Wall Street expert to figure out that the price of the stock is going to drop based on those two transactions. Ultimately costing the $1000 to lose money and the millions turning billions. These are both hypothetical numbers because I could only purchase 1 stock today worth about $250. Robinhood even went as far as to cancel my original stock purchase with the reason “you canceled you stock purchase”. I did no such thing. By the time they got back to my the stock had gone up by a few dollars costing me more money for the same share amount. Every single email or alert stating a reason is all blatant lies and causes more outrage. Yes it is a private company. Yes the disclaimer allows them to do what they did. They are just doing it in plain site. Would definitely not recommend at all.
Sneeze stu - Great idea but lousy service
I have been using this app for about a year. I have used e trade for many years but wanted to save money on my trades. The app works fine. The company however is very shady. On more than 1 occasion the trade price increased right when i bought it. Every time I end up paying the difference. The customer service is horrible you can’t talk to anyone and it’s all generic email responses that don’t even respond correctly.
Just recently I signed up for their Robinhood Gold which is their margin account product. It was initially advertised as use it and they will charge $15 a month if you have a balance. Then it changed to $15 a month if you have a balance or not. I have been trying to cancel it for 2 months now. I’m still getting charged $15 a month for nothing. There is no way to call in and the robot emails from customer service are programmed to refuse any inquiry that involves a refund.
I like the price but with the hidden charges every where and the lack of caring for their clients I might go back to e trade. Free trades sound good but obviously they need to make money so they have a business plan of hidden fees and secret support that you can’t talk to a live person. I wouldn’t trust this site for your entire portfolio.
Sublime.fool - Clear and concise
I have had the Robinhood App for over 6 months now. Most of the time paying for Level 2 information. This has helped me gain knowledge of the market and how to use it beneficially. I am not a day trader or large investor; just a regular guy trying to have some fun within the market. So far, I have not lost money. I started with $200 and invested more over time. The covid scare caused me to pull out of the market for awhile (stocks dropped and I still made 400), but now I’m back. Turned 800 into a 2400, and that 24 into a solid 31. I would highly recommend this app for small investors like myself because unlike many others, Robinhood does not charge transaction fees. It is a set annual percentage. I also have their debit card assigned to my account. It was very easy to apply, activate, and use (and it accrues a small interest on unused cash in the account). The worst part about the debit card was the waitlist. Once off the waitlist, the card arrived promptly. If I were to change anything, it would be a function allowing me to sort stocks by current price (low to high). Otherwise the app has been great to me. It has even caused me to know more about things the media bypasses or exaggerates. What are you waiting for??! This is your sign!! Join!!
Raclaymore - Yup
Opening my Robinhood account was life changing, while it does have its drawbacks(charts) it has revolutionized how I save and invest money. In the 6 months that I have had my Robinhood I managed to earn enough to pay off all of my debt minus my mortgage, set some aside for family fun and still have enough left over to pay the tax man. I don’t have a lot of money in there as I’m not a rich man, but I’m quite content with the fact that one averaging about $500 to $1K a week or so to put in my pocket or reinvest. That said I have also lost a bunch of money that I have earned as well (none out of my own pocket ....yet). To all of the new traders like myself I HIGHLY encourage you to research and really read into financial statements of companies you invest in. This isn’t gambling it’s not like a casino and yes while there is a little luck involved money losses are almost entirely avoidable/recoverable from. I’ve been keeping a notebook of everything I’ve done and I can look back on everytime I lost money and tie it to a bad decision in which I deviated from my plan due to impatience. Just for the love of whatever god you pray to don’t use money in here that you cannot afford to lose 100% of unless you have a solid plan and know what you’re getting into.
Lfdrescue - Newbie
I’m very new to the stock market. I was always scared to even look into investments. A friend sent me a link to Robinhood and asked me to try it and even told me that I would get a free stock just for signing up. So I figured WTH I’ll see what happens. So I did it and now I check the market everyday, because of this I’m more aware of current events and how companies use their money. Not only is Robinhood easy to use and a great way to invest money for future gains but Robinhood also educates you on what you are doing. There are a lot of features that Robinhood has that I found by accident. It wonderful. The only issue I have had is the delay in drafting from your bank. You initiate the transfer and Robinhood gives you a mini line of credit (insta-funds) until you’re transfer is complete. I utilized this a lot, $25 here $25 there. I over-drafted my account. This was not Robinhood’s fault this was my fault. Robinhood has been excellent with their understanding and patience while I bring my account current. I only share this personal detail to remind you the reader to pay close attention to when and how much you deposit make sure the funds remain in your bank until Robinhood receives them. Thank you for your time and have fun. I know I have.
Brownflash - Unethical practices and false advertising
Here is a few things other than Robinhood’s recent restrictions on buying stocks
1) Robinhood sells your options an hour before the market closes, let’s say you have an option contract worth 50$ at 2:00 P.M. and you chose to wait till 3:00, Robinhood sells it for lower than market price ( it doesn’t market sell )
2) what happened with Reddit stocks can happen with any stock on a volatile day, however it didn’t happen with KODK, let’s say the volatility was too high with GME, Robinhood is still unprepared for future events. To understand this better if everyone at Reddit chose AAPL instead, Robinhood would’ve still done the same as it doesn’t have enough money to clear the sales, which again brings back false advertising
3) people committed suicide cuz of Robinhood’s exploitation of amateur traders by lucrative margin offers and stupidly ridiculous user interface which is claimed to be user friendly however in stock market you need informative interface over bright colors that make it seem like a game
4) options are going to ruin the stock market due the bubble they create, Robinhood made this worse by approving amateur traders to trade options, for example I convinced my friend to create an account in Robinhood with a portfolio value of 300$ and 2 days later he got his options enabled, same guy who banks with chase and had an investment account with them for over a month with 2000$ in portfolio value got denied.
T-Boi88 - Wow. What type of support is this.
Robinhood has been FAR from helpful during this time in the world. During this pandemic, I was I’m trying to make a little money on the side so I started trading with robinhood everything was going fine until I was unable to cancel one of my bank transfers (i sent it to the wrong bank account) I looked on the support website. It said there should be a cancellation button on the transfer I just have to look in the history. Okay cool. I go and go to cancel it. No cancel button. Remind you (I have screenshots) I just initiated the transfer not less than 5 minutes ago and I can’t cancel it?? Okay. Little sus because little did I know once one transfer doesn’t go through your account is “restricted” meaning robinhood has your Money hostage until they deem necessary. I’ve contacted support countless times only to be responded to with the same old “coronavirus” excuse.
I HAVENT HEARD FROM THE SUPPORT ALL WEEK IT SAYS 1-3 BUSINESS DAYS NOT 7! Granted it’s only like 150$ I don’t have access to but it’s the principle of it all really.
This app obviously states one thing and clearly doesn’t follow through and the new update is not what’s up visually. As soon as I am able to I am pulling every cent I have from this app. Yahoo Finance is 100x better, accurate and has ACTUAL SUPPORT. Not this shady emailing system they have going on over here
Update: I was directed to a reviews website. None of my emails have been answered yet... this company is a joke
Lisa Falls - Absolute trainwreck
Do not waste your time with these people! They spent more on design and appearances than on actual customer service. Twice I put in deposits and it took them 4 - 5 days to ping my account, at which time my account had paid one thing or another and was 1 or 2 dollars short for the transfer. I put in a third deposit and this time put 3x the amount to my bank just to make sure it was covered. (I have multiple accounts for different needs - bills savings etc) 3 days later they FINALLY got the deposit. Cool. Except it took them another SEVEN DAYS after removing the funds from my bank account to release the balance into my Robinhood account this morning. During all this, I had ordered, and received, their special debit card. (Yes it took that freaking long)well. I had funds in my Robinhood account... Debit card won't work. Apple pay requires verification but the RH verification people via apple care leave at 5 pm central and screw anyone needing assistance during daytime hours. It won't work online, cashapp, PayPal. Anywhere. Just get "invalid number" or "declined due to an internal server error" Customer service is nonexistent aside from email. And even then. They're nonhelpful and appear to be simply copy/pasting pre-written scripts that may or may not actually apply to your issue. I emailed them a short bit ago informing them I want every dime returned immediately and my account closed. Do NOT waste your time or money with these people!!!!
The Professor 101 - Great to get started and to stick with
I’ve been using Robinhood for a little less than a year now on and off, and over that time period I’ve learned a lot and grown more confident in what I’m doing and my knowledge of the stock market. You should try it out even if you just have $50 to spend and get a feel for it, putting money in the stock market generally does better than what any savings account can do and dedicating a little bit of time to understanding what you’re doing can help you go a long way. Robinhood makes the market approachable, and their help page can help clear up any confusion on what’s going on. The market might seem confusing at first (as any new thing is) but after awhile it’s not hard to grasp at all. The only hard thing about the market is figuring out what YOU wanna do and the choices YOU wanna make.
That being said, one feature I think Robinhood should have is a pie chart graph illustrating portfolio diversity. You can check it only when selecting a single stock, but I think a separate page (such as in the investing tab) would do it more justice. It’s useful to know how much of what sector I’m investing in, and the information is already there but not laid out in an easy to find location. The
Kdubdontlie - Disappointed / thief’s
Started trading last year and decided to switch platforms because I started trading on cash app. I switched over in the midst of learning and doing courses and paper trading. I lost money here which is something you got to accept when trading. Within the first month I was warned about pdt I stayed clear from it for months. Sometimes I would forget I would sell a stock then buy it when it do the opposite of what I want long story short that’s when I figured out those was the day trades they were talking about.. usually it would stop me from doing it again. And remind me ever since the Wall Street bets and gme & amc stocks did what it did they stopped me from purchasing anything. I can only sell out of positions so at this point I’m fed up. And want to go to another platform but Robinhood is trying to rob me and not give me my money. I know about the Buisness days it take. I didn’t even sell all positions because they won’t even let me clear 300 dollars and change. The stocks I pulled from are still growing because I still watch them. Every time I go to withdraw my withdraw-able cash it gives me a error message then says something about object with this reference id already exist. I’ve been trying to leave Robinhood for about 2 weeks now. They are not trying to give any of my funds back in my same bank account and everything. I’m over them. Everyone I introduced here I’m telling them to go to Webull
Christian90123 - Costumer service
I love Robinhood. I trade almost daily and it’s slowed me to secure an extra income. Well I funded my account about two weeks ago with $2700. I’ve lost about $100 since then. No biggie it happens. So, I go to withdraw some cash out $500 and it’s not letting me. I’ve been contacting customer support and we’ve been talking back-and-forth and my situation should have been resolved today Friday, May 17, 2019. However today I’m not able to still withdraw any funds. My $2590 is on hold “bank holding period.” I understand that these laws are put in place to protect us as investors from other people having access to our funds if we drop our phones etc. however it is unacceptable that in the world of finance that I cannot speak with someone to resolve this situation in an intelligible manner. This all stemmed from me mistakingly deleting my banking information from the application. When I saw I made a mistake I entered in the exact same information I’ve always had in my adult history. For some reason their system can’t recognize my previous information and it sees it as new information. There isn’t one other brokerage that whatever hold my money hostage and from reading the reviews here I’m not the only one. My situation has been heard from customer support however nothing is resolved this is unacceptable. I will continue training with Robinhood only if they can resolve the situation.
Wiels - Great but could be better
I really like the Robinhood platform for its ease of use and format style. It makes it easy for beginners to see most of the information they need that is provided by rh and it is easy to get around. The options format could definitely be tweaked to work easier and be more user friendly but if you’re just trading stocks (not options (sometimes) or crypto(ever)... which i don’t recommend on rh at this point until they either optimize the platform or change their user agreement)) then rh is a solid platform to use. I still think more could be done to provide users with more information on the companies and stocks and that until they do, rh will continue to hold the stigma of a bunch of uninformed newbie investors. I hope in the future that rh will begin to optimize their platform to be able to include P/E ratios for all the stocks they include, to actually include more stocks, to provide access to more news and balance sheets of companies, and hopefully to make their crypto platform more investor friendly like stocks instead of taking such a huge profit from it (because honestly, they are missing out on a huge growing market of people who want to invest in crypto but refuse to do it on rh as the policies are atm). All in all though, glad i discovered rh and think it’s one of the better apps for beginners and intermediate investing of stocks.
Veronica Vivian - They don’t honor the free stock promotion you hear everywhere...
They advertise being the perfect interface for someone who isn’t already part of the stock trading scene. As someone with zero experience looking to learn how to manage a portfolio, I was interested in redeeming that free stock promotion for which every single popular podcast seems to have an ad.
At no point in its advertising do they male clear that the promotion expires once redeemed. I signed up with the promotion, was not able to navigate the app well enough to redeem it, and submitted a couple customer service inquiries to help. One representative said they reactivated it for me and made it seem to me that the app would prompt me to redeem it once opened. Since I still did not know how to redeem the offer, I submitted another inquiry. Another representative showed me where to find it, at which point I found the “expired” stock which I had not seen in my account previously. I submitted a third inquiry to help reactivate it, was told, “That’s too bad. Well you can still get referrals!”
At this point I expressed disappointment and requested an explanation as to why I could not redeem the offer I never had a chance to redeem. It has been nearly a week and at this time the Robinhood team has still not responded even though in every other instance my inquiries were answered within 1 business day.
Unless you’re already stock savvy and looking for a clean app, I would not recommend this service.
Malepe.p.willie - Thieves
How does a call option expire out of the money when the strike price was $1.50 and the share price atm was $2.02?
Why are the payments for my recurring investments trying to come out of my bank account when the set payment is from my buying power? (Yes, I have a sufficient amount of buying power for my recurring investments) Since they tried to take from my bank and not my buying power I don’t want to put anymore money in to Robinhood and now I’m restricted from purchasing anything until I send money to cover the recurring investment fees that was never supposed to come out of my account.
Why when you try solve these issues with Robinhood they’re so hard to get in contact with or even when you email them about the situation they’ll reply a couple days later with a phony email saying “we wanted to reach out to touch base with you and acknowledge that this is a delayed response-we are very sorry for the wait and are sincerely grateful for your patience.” But wait there’s more... they then go on to say “ if you still have a question and need an answer from us please REPLY TO THIS EMAIL TO STAY IN LINE.” Like seriously it’s been about a week now still haven’t heard back so I said screw it ima send the cover fee and now i have to wait a whole 7 days to do anything but I can sell everything and take it out but im afraid im going to have issues with that as well. Just curious if anyone is having the same issue
Danburyfusha - I love Robinhood
I can buy and sell stock quickly for free. Just transfer what ever amount of money from your bank that you need. If you are a higher level member (only 5.00 a month ) you can buy stock even when your money being transferred from your bank to Robinhood is still being processed. That is a huge perk. I love the explanations about the companies , graphs and various easy to access data. It’s a visual pleasure to look at your stock as compared to other companies which their displays are sterile bringing back math class stress. Robinhood makes it fun with happy picture text when you buy or sell a stock. I know there are many things I could do with this app that I have not even scratched the surface and will eventually learn. I’ve only been buying and selling stock for a year, so it is great for beginners . You don’t pay any commission fees. I now look at my stocks on my phone whenever I want. My downtime like my lunch time a work, I look forward to checking my stocks. I watch stocks or research companies instead of looking at Facebook or Instagram. You can read articles about the companies stock that you own too. I even like to watch the free stock they gave me when I downloaded the app.
User0912648 - Terrible with No ethics. Market manipulation
Used robinhood for a long time. At first, the app seemed fine and I liked that they didn’t charge fees, and liked how easy it was to execute trades with a swipe. Over time, robinhood has gone down hill. Firstly, they do charge fees. They post it at the bottom of every trade labeled as “regulatory fee”. Secondly, i noticed that if you execute your sales at market price, robinhood charges you the highest possible price between the bid and ask spread, as well as buys it at the lowest price between that spread. Thats not truly the market value that is posted at any given moment, because many times i have sold shares of a stock and even though the stock never dropped in price during the sale my shares were still sold for lower. Does robinhood keep the difference? Whats up with that? This also defeats the purpose of their “ease” if i have to set a limit order every time i want to buy and sell at “market value”. So their claims of no fees are wrong, and their ease of use isnt so easy. What benefit do i have trading with them? I dont, but oh wait they wont let me transfer my funds to etrade without settling my account first, even though i have no positions or pending orders! Why must everything be such a process with this app? I really liked this app for a while but lately its just not cutting it. Stop doing shady stuff with hedgefunds and get your stuff together robinhood. 1 star.. zero if it were possible.
Mazy1570 - Non-Existent Customer Service
PLEASE BE AWARE THAT IF YOU ARE TO DOWNLOAD THIS APP; YOU WILL NOT BE ABLE TO GET INTO CONTACT WITH ANY CUSTOMER SERVICE REPRESENTATIVE. I never do this, but I have sent many emails to customer service and have heard nothing in response. After reading bunches of great reviews, I downloaded Robinhood with hopes of a mutually beneficial and long term relationship. At first, the app was amazing. Then, when trying to link my bank account, I ran into a lot of issues. The micro deposits were not showing up in my account. Two tries and three calls to my bank later, my bank account was linked. I transferred some money over and began buying stocks. About a week later, I get an email that my account is now frozen because my bank reversed the transfer, stating that they were unable to find my account with them. Because of this, Robinhood charged me a $9.00 fee. I called my bank and they told me that they said no such thing to Robinhood and that from their perspective (and mine as well), the accounts were properly linked and I had enough money in my account to cover the transfer. They basically told me to get into contact with Robinhood and that this was not their first issue with customers using the app. In the past 5 days, I have sent 3 emails to Robinhood, but to no avail. Now I owe them money and have no way to pay it back because they automatically unlinked my account... this is a nightmare. I can’t even close the account. BUYER BEWARE!!!
Lakota language learner - I Quit Robinhood
The App itself has a great user interface, but it is not good for a serious investor. I have three main complaints.
1. Robinhood does not give you best execution. That means that if they can execute your limit order at a better price than what you specified then rather than give you the extra money, they will pocket the difference.
2. Robinhood is bad at options trading. If you are doing spreads they sometimes don’t recognize that you are trying to do. For example if you sell a put with a $40 strike price and you buy a put at a $30 strike price, you are doing that to cover yourself in case the stock takes a dramatic plunge. However if the stock drops to $20 and you are assigned on your $40 put it will assign you those shares rather that excercising the $30 put simultaneously so that you are only out $10.
3. They control what stocks you can trade. They are democratizing investing, but only when they like your investment. A few weeks ago they shut down trading on Game Stop and the few other popular tickets which hurt retail investors efforts to trigger a short squeeze. Robinhood claimed to be doing this because they did not have the capital requirements for their broker and there is truth to that. However the leadership was not transparent about this while it was happening. And even so, if they are set up so that their brokerages control them, then maybe we should use a brokerage that gives us more freedom.
Iman91 ir - Very bad, unorganized, and confusing customer support.
I have been using Robinhood for almost a year and a half. Everything looked good and loved it until recently that I faced and issue with my account and had to deal with the customer support team. First of all, there is no phone number to call and talk to someone, and the only option is to email them ! And here is when your problems start ! Dealing with the customer support. I emailed them about my issue and it took them 11 days to respond ! 11 days ! I understand due to COVID-19 pandemic some business are facing difficulties and some people work from home but 11 days is a long wait considering robinhood customer care employees work from home. After that they asked me to upload some documents to their website, and I did. Now its been 4 days that I am waiting for someone to review the documents and respond ! But the confusing part is that each time someone else reviews my case ( I understood that from the end of each email that each time I see a different name of the employee who responds ), and each employee asks me the questions that I have already answered in the previous emails !!
I don't know how many times I will have to answer the same questions and how long till someone who actually cares will review the documents that I submitted!!
So before starting with Robinhood make sure and hope that you will not face any issue otherwise good luck with that !!
Minos313 - Shady company! 0 customer service, can’t get money out!
I never take the time to write reviews, but after well over a week and a half of not having access to my money and no contact from Robinhood, I feel like I need to start making a little more noise to see if anyone actually works there. After waiting for my cash to settle in my account, it states an amount available for trade and yet I can only close positions. When I didn’t receive any response about resolving this issue, I decided to withdraw my money and take it elsewhere, it says the request for withdrawal is denied. Ok, I use their support link to find what could be the problem, since no one ever responds to the emails, and it says you need to wait 5 trading days after a deposit for funds to settle before you can withdraw, and it must be withdrawn to the same account it was from. I waited and made sure I used the same amounts and same account. Nope! Still denied. I have sent well over 4 emails since mid November and still haven’t had any contact from Robinhood except some generic “we are working on getting to your ticket” email. I can’t help but wonder if there is something illegal or unethical happening here. I heard that they make money on the interest of holding my money and that makes senses since they won’t let me leave. I regret signing up for Robinhood gold and for ever joining this joke of a service. Please be warned for anyone who is considering using them!
Christophe222 - Robinhood app is good to great
When the crisis isn’t going on the support gets back to you the same day if you have an issue. Which is a plus, they go the extra mile to explain anything you don’t understand, or tell you where you can find the information. I recommend more charting for the app. More indicators, and lessons on the indicators. Having options for settings on the indicators. Also information on using the indicators after learning the significance of having them. It’s for better.
Since the app is for beginners. Then after you understand how to utilize the information you’ll probably still keep the app just to be able to remember how came to understand how you learned it. Learning how to buy and sell options and all the other things you learn here takes time. But once you get it, you can do much more. I gave the app a 5/ 4.5 because of some issues with the interface issues they’ve had in the past which they are working to make right with me. Make sure you take screenshots if you have an issue so you can send them to them. So they can help you better. All in all it’s a great app for beginners and after you get everything you are doing you will still keep it.
Yessaahh - Great and easy
Robinhood is by far one of my best ways i invest or watch stocks. I trade alot but its the trades that make u profit, the app is good, i love it, easy to view and read and they teach you about investing and the rules and what not to do. I use webull and been loving that app, its alot differnt and has more community to talk to but robinhood is all around attractive to the sight,especially for investors but my only thing about robin hood, is that the developers should maybe try add more charts and quotes to read the stocks more precise and up close from min to min to watever. Webull has alot of chart choices and you. An set it up to your specifications as robinhood only has two types of charts. Which is still precise!!! And on target. Theres nothing wrong with it, just would love more opportunities viewing and watching stocks. But the set up is perfect. Im a user of robinhood and i have nothing bad to say about it. My experience has been great and i give thanks and appreciation to robinhood and the makers of it. For my opinion on apps, its best to try a few and see wat u like and whats easy for you to learn on and from. Download robin hood, my opinion, also webull. Its great to have the two apps for stock traders or investors! Thanks happy holidays! Trade Smart
Secondchances31 - BEWARE!!!
I read the reviews and was convinced to use this app by my spouse. Well needless to say I had a call that was about to expire. Tried selling day prior and it was cancelled not by me. My call was worth $166 and because now it had to be sold for me I took a loss and was left with $10. Not one warning came through that it was almost time to sell and I have to say this is very poor development and I believe intentional. The notifications are late, if you are in the app watching the data lags and is seriously behind. One view shows one value and selecting the stock you are watching an entirely different. This app does not deserve 1 star. It is laggy, customer service directs you to the help page and when you finally get a message and correct the bull that you are being told you NEVER hear from customer service again. So if you have money you want taken from you unfairly then sure download app. Believe EVERY bad review because it is absolutely true.
To the developer who is answering mine and all other bad reviews with SAME response ...you have zero and I repeat zero desire to correct ANY of these complaints. I STILL am waiting for a response form FIRST issue I had. How on earth this app got 4.8 stars is beyond me with all of the negative reviews and editors choice. This app is a SCAM. Same bogus responses on every complaint. Also the LITTLE money I had left I transferred back to my checking and STILL waiting on that deposit.
Skyjumper31 - FUNDAMENTAL PLATFORM IMPROVEMENTS DESPERATELY NEEDED !!!
RobinHood has a very basic iPhone app and website with only limited options and functionality. RobinHood could Learn a lot from (or should stop ignoring) the main stream brokerages, e.g.: Fidelity, TD Ameritrade, E*TRADE, IB Broker (IBKR); Etc. I understand that their platform is designed for beginners, but eventually even “Beginners” gain more ability and need to have more functionality and options available to them to be able to do more, make more significant trades and have better options for making those trades. I’m NOT talking about the “Gold membership“ which cost five dollars ($5) per month and gives one access to some more information; I’m referring to actual BETTER TOOLS for tracking Stocks, Options & Futures and implementing BETTER TRADES as well as TRADING OPTIONS (Such as Greater Extended Hours Availability) PERIOD !!!!!
It would be really nice if Robinhood would FINALLY (AND GREATLY) IMPROVE the iPhone app & Website, as well as actually create an iPad (tablet level) app, even if those improvements were given a title such as “RobinHood Pro“: iPhone app, iPad app & Website. RobinHood has certainly been around long enough, is no longer a small (upstart) and is most definitely not too broke to further & better develop their applications.
The Apple Watch App needs a lot of work as well.
Lord Clauneck - Great ap
Overall I’ve been very pleased with Robinhood it’s easy to use theres no fees on trades, it’s safe, customer service has been great whenever I have a question they’ve been prompt.. My biggest complains is with Robinhood is a company the size of Robinhood just like every brokerage house you really should have 24 hour phone in customer service?? that’s not even debatable when your dealing with peoples livelihoods it’s definitely imperative to have the most accessible customer service by phone -so you can talk to a live person thats#1...also since you offer crypto’s you really need to expand your scope in this area.. as it is the future!! when you have millions even billions of funds coming into the space investing ..Robinhood you really need to step up the game and be competitive ..especially in the Decentralized financing space DeFi and offer your customers more variety open up the offerings.. the crypto’s that are offered are very generic Robinhood should be offering 50 crypto’s minimum , especially in the DeFi, Dex”s and now Nfts area some of these other exchanges are pulling 2-3 billion in volume a day?? why not offer these products to your customers is beyond ?? Other than that Robinhood is fantastic!!
Xzxzcfdsa - Terrible for tax season
The service claims you can easily import your 1099-B and other related forms on TurboTax, yet after having to wait til February 16th to even get the form, I am still unable to import my documents and am being told to try again on the 21st. Not to mention all the other things they’ve pulled on us in the last year, like limiting purchases/sales, you can’t accidentally deposit from the wrong account and request that it be cancelled before they put a restriction on your account, and they mislead investors with poor information. As for limiting sales and purchases, they completely remove the buy/sale option, which I understand is supposed to make sure their customers aren’t losing massive amounts of money, but you shouldn’t remove the choice entirely. It is our money, we should be able to do what we see fit for our portfolios, this should not be your choice. On top of all that they turn around and allow trading at the end of the GameStop rise for tons of tiny investors to buy in and lose a ton of money when if they would have allowed them to purchase before this we would all have been making money. Just shady business over all they don’t want to help you they just want you on their platform and for them to say otherwise is a load of crap. And anyone supporting them, your just as bad. Don’t claim you’re for the tiny investors when you’re so clearly not.
Mxtaug - VERY POOR CUSTOMER SUPPORT, get why you pay for
Opened an RH account for crypto. Right from the start realized the user experience is sub par compared to other established brokerages I’ve used. It automatically opened a margin account without me asking for it, and when I had questions there was poor support. No 24/7 CHAT SUPPORT OR PHONE, whereas on other brokerages, you even have your own local personal broker you can call, visit or email directly. This is unacceptable, especially if you are trusting them with large amounts. If you have <100 dollars in your account and are trading fractional shares maybe this risk is ok.
I think Robinhood has poor standards of service compared to other institutions, and are more keen on getting more users than retaining them with trustworthy customer support. Being an experienced investor I did not really care about “free” trades, and only joined RH since they allowed crypto. I tried liquidating my position in crypto, and investing in stock, but they prevented me from buying more than a certain amount of stock due to their liquidity issues. No such issues on other brokers like Ameritrade or Fidelity. Not much explanation on app or website, and does not give you a sense of assurance that you’re funds are available and tradeable freely. I fear they will go bankrupt, and with zero customer service not confident I will be able to recover my funds. So I am moving all my funds out to a more reputed brokerage.
JMANRIESS36 - Love this App!
I’m not one to give reviews but this app is easily my favorite. I love how simple and accessible it is. I would gave given it 4.5 stars if I was able to, but I gave 5 stars because I lean closer to that rather than 4 stars. The only things that I would like to see from this app is to have the recent updates/news for more stocks, it’s really nice to see in app newsfeeds under your share (or viewing a share). I would also like to see a better category system and a keyword search of more specific stuff like “World Events”, “Vaccine”, etc. Lastly, I personally use the Yahoo Analyst reviews and stock graphs as a standard base when researching a specific stock, so it would be nice to have links to public stock analysis such as Yahoo for shares starting at a minimum of say $70-$100. I say a minimum of $70-$100 because I’ve found between my friends and I who use this app, that’s where our trading hobby went from “I’ll throw $50-$100 and see what happens” to “I understand what is generally going on and how to watch the market and would like to start investing at least as a hobby”. So yeah, I really enjoy this app, but there’s a few things I’d like to see so it can be even more beginner friendly/accessible!
Dtinchi gj - My 2 cents
Well at first I really did like Robinhood ! But as time went on I realized it’s not costumer or user friendly! First of all when you have a problem the only was to communicate is via email! So it usually takes serval business days up to weeks to get the issue resolved! They claim when you refer a friend you both get a free stock! Well you do but not automatically! You have to go through the time consuming irritating back and forth emailing and finally you get it! I referred several people and every single time i had to go through the days of back and forth emailing for my stock! As well as the person I referreds stock! Takes multiple days 5 or more after you sell some stock! Before you are eligible to even transfer it back to your banking account ! Then another process of waiting days for it to clear in your account ! Not only that they only let to transfer a portion of YOUR money out of the Robinhood account! Several times I would send the link to someone I was referring so I could get the free stock ! Well It would send me the link I sent to the referred person and their link back to them! Another words they couldn’t use the link you sent em! And if they don’t sign up through the link you sent you don’t get your free stock! It’s a little shady to say the least! There are so many better apps out there for trading stock! I wouldn’t waste my time with Robinhood
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One of the good things about this year has been investing. The journey started last year in June with trying to get that one free stock promotion in Robinhood. After that, it has been overall growth in learning and returns. That one stock may be resp for all my gains this year.
Daryl Dixon Trades #TRT
2020 was my first year in the stock market. I started on Robinhood in March, but I had no clue what I was doing. Before I could lose any more, I pulled out my money and studied everything for a while. In October, I put all of that into Webull and tried again, here we are now!
@tokenmetricsinc Looking to add $YOP when it launches in a Jan.
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Irate Professional 👓
I'm gonna show y'all my Robinhood stock chart for the year at the end regular market hours. It's been pretty good 5/6 months as an starter in investing
A lot of y’all telling me y’all want to start investing in yourselves
I want to help y’all and give y’all a little push and say this is the sign you are looking for.
Click the link below & get a headstart on your journey of investing with a FREE Stock
adding whitepapers (WIP) for #bitcoin $eth $dot $ada $link $bnb and other protocols and tokens - check back as more will be added. If you are #investing or #trading in #crypto or just opened a #robinhood account you should read all these whitepapers.
Drive and Kick Graphic Design in the Throat
Just got done stealing stimulus checks from homeless people and their families to create Robinhood accounts for them. It’s all about working smarter not harder, and investing not spending #PayItForward #givingback
@joinrepublic @TomasUtting @jmj Doesn't Republic only offer investing in its own listings? A "Robinhood for startups" would involve all or most exempt offerings, wouldn't it? I ask this as a long term fan. I'm just not sure how that would or could work, exactly, but would like to see it, if possible.
@hedy_vargas You don’t use them, you buy shares of a company.
𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐅𝐚𝐦𝐨𝐮𝐬 📜💰 📈
The SEC is suing Robinhood for “gamifying” investing
If that makes investing as popular as Fortnite, I’m all for it
𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐅𝐚𝐦𝐨𝐮𝐬 📜💰 📈
The SEC is suing @Robinhood for “gamifying” investing
If flying bits of virtual confetti encourages people to invest, all the brokerages should be doing it
@TrustWalletApp I'll wait for $YOP to launch in Jan and BUY
@YOPfi is an all-in-one platform where you can swap, farm, harvest and store your yields
Get more info on the project in the interview session with the founder of $YOP