Robinhood is great for low income anybody. You are able to quicker trading and you may mediocre from inside the finest without the exchange fees that eliminate people who have reduced assets in the most other agents.
As other commenters has mentioned, Robinhood will get you having hidden charges, and the customer service try awful. Be careful using this software! Few instances less than
1. I inquired Robinhood to contribute my personal offers so you can a foundation. Instead of almost every other brokerages, they may not. To help you import my offers to help you a brokerage that would, they billed me an excellent $75 fee. They refused to waive they regardless of the charitable lead to and you will despite my citing you to definitely an excellent $75 percentage to have a donation is actually egregious. Nonetheless they would not facilitate the process (takes 5-seven business days, against. 1-three days for the majority of broker agents).
2. They required 24 times in advance of I experienced a customer support representative for the cell phone. This used a couple of unanswered letters to help with over 4 days. I asked a supervisor when the he had been ashamed from the some of it – at least the fresh new hold off for you personally to communicate with a realtor – that the guy answered “Not sir! Which is precisely the procedure here and exactly how we conduct business.”
two weeks before, I joined Robinhood. I deposit $ in it. I want to buy stocks the day after Brand new Year’s Big date. Last week, We transported inventory account from Fidelity to Robinhood and will be for the into Saturday. Nevertheless when I understand your own remark and comments then I am proper care today! Could it possibly be too-late to terminate they. In this case up coming what do i need to carry out? Or leave it here from inside the Robinhood?
4mos once your blog post, this arrives in reality too-late on how best to return your own disperse. However, I would basic create an advice Not to ever intimate your account which have people broker which have carries inside. Simply end paying around, promote for each and every stock and you may move they to your cash. Upcoming move the bucks away and ask these to intimate their account. Beginning a brokerage account during the companies which have account minimums is often not a good option. In that way, Robinhood is superb. However,, the success finishes just about indeed there! The customer support isn’t just NONEXISTENT but BLATANTLY Sloppy and you can Outright Risky. We state Unsafe as teeny bit away from Stock Facts it article on a stock is Plain Incorrect, particularly PEs, Div. Output, MktCaps, an such like – very investors who don’t crosscheck they up against cnbc otherwise marketwatch or other reputable internet sites are only ordinary SUCKERS! And you may whining about any of it so you can customers disservice just Consumes More of Your own time! You can keep a go account using them But Get ready that they’ll romantic when their financial support runs out.
I just unsealed a merchant account which have Robinhood 14 days ago. We transferred $ inside. Up until now, I haven’t purchase inventory yet. I am still comparing the brand new stocks just before I buy her or him. I propose to get brings the day just after The latest Year’s Time. Thus far, We have no problem inside it. But a week ago, We transported holds off Fidelity to Robinhood as the Really don’t particularly to blow trade fees. Import is on the way in which and certainly will enter with the Friday. Since i see your opinion as well as their comments. Now i am care. Is-it too late so you’re able to terminate new import?
I accept Peter. But not, I am providing frustrated with Robinhood now on account of certain problems that now pushes us to consider all of the inventory to be certain I am delivering what i are owed. elizabeth.grams. certainly my personal holds broke up and you may announced a good 50% inventory bonus that we never had with Robinhod. We observed that it in my own regular profile checkup. We just started using it when i emailed Robinhood regarding it. Together with, I did not get dividends to the specific cefs (HQH) and for my personal SNY inventory it published brand new bonus twice however, in-facts paid back me personally only when. Some other problem is one to holds and you will etfs getting temporarily untradeable inside the Robinhood (age.grams. ACWV). I don’t this is extremely fair on the users beautiful argentinian girl that you are unable to purchase or offer a stock need.