Robinhood is ideal for low income some body. You possibly can make faster positions and you can mediocre during the most readily useful without the deal fees you to definitely eliminate people who have shorter financial investments from the other brokers.
Transfer all the for other brokerage such Financing You to Expenses?
Because most other commenters enjoys talked about, Robinhood will bring you with undetectable charges, additionally the customer service try terrible. Become cautious with this app! Couple of instances lower than
step one. I asked Robinhood in order to contribute my personal offers so you’re able to a charity. As opposed to most other broker agents, they may perhaps not. To import my personal offers so you can a broker who does, they charged me 
a great $75 payment. They refused to waive they despite the charity bring about and you can despite my mentioning one good $75 percentage getting a donation was egregious. Nonetheless they would not expedite the procedure (takes 5-seven business days, versus. 1-3 days for the majority of brokerages).
2. It took me 24 minutes just before I got a customer service affiliate to your mobile phone. That it observed a couple unanswered letters to help with more 4 weeks. I asked a manager if he was embarrassed because of the any kind of which – at the least the hold off time and energy to communicate with an agent – that he replied “Not at all sir! That’s only the process right here and how we do business.”
2 weeks back, We joined Robinhood. I put $ involved. We decide to get stocks the day after The brand new Year’s Date. The other day, We transmitted inventory account regarding Fidelity so you can Robinhood and additionally be when you look at the into Friday. Nevertheless when We read your opinion and the statements upcoming I’m proper care today! Could it be too-late to cancel they. If yes upcoming just what must i do? Or let it rest there for the Robinhood?
4mos immediately following your blog post, this will come indeed too-late on how best to revert the flow. However, I might basic put a referral To not romantic your account having one broker with brings on it. Simply end spending indeed there, offer for each and every inventory and you will disperse they on dollars. Upcoming flow the cash away and have these to personal your own account. Starting a brokerage membership from the providers which have membership minimums is usually not advisable. This way, Robinhood is excellent. But, their greatness stops no more than indeed there! Its customer service is not only NONEXISTENT but BLATANTLY Sloppy and Downright Harmful. I say Risky as teeny bit out-of Stock Details they article about an inventory might possibly be Ordinary Incorrect, such PEs, Div. Output, MktCaps, etc – therefore traders that simply don’t crosscheck it against cnbc or marketwatch or most other reputable web sites are only plain SUCKERS! And you can worrying regarding it to customer disservice only Wastes More of Your time and effort! You can preserve a try account with them But Be prepared they can intimate the moment their money run off.
I’m nonetheless evaluating brings
I recently started a merchant account with Robinhood 14 days in the past. We deposited $ involved. Yet, We haven’t buy inventory yet. I am nevertheless contrasting this new holds prior to I buy him or her. I want to buy carries a single day once The latest Year’s Big date. Up until now, I’ve no problem involved. However, the other day, We transmitted carries out of Fidelity in order to Robinhood since I do not including to invest exchange charge. Import is found on just how and can be in to the Tuesday. Since i have see your comment in addition to their statements. I am just proper care. Is it far too late in order to terminate the fresh new transfer?
I agree with Peter. But not, I’m delivering frustrated with Robinhood now because of certain errors you to definitely now pushes us to glance at every inventory to be certain I’m providing the thing i was owed. age.g. certainly my carries split up and announced a 50% inventory dividend that i never had which have Robinhod. We noticed this in my own normal collection checkup. I just got it once i emailed Robinhood about it. And additionally, I didn’t rating dividends towards the particular cefs (HQH) as well as my SNY inventory they published the brand new dividend double however, in-facts paid me personally only if. Other problem is you to definitely holds and you may etfs getting temporarily untradeable in Robinhood (elizabeth.g. ACWV). I don’t this is extremely reasonable on the profiles that you can not buy or offer an inventory you prefer.