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Keep half your money in RH, the other half with another broker. I have an account at Fidelity, Vanguard and Robinhood. I love the simplicity of Robinhood. My Fidelity app freezes up a lot and sometimes I have to restart the app just to be able to see my portfolio. No explanation or resolution yet from them. I always do limit orders because market orders are hit and miss regarding actual price.

Fidelity seems better on this subject…. Robinhood is great for lower income people. You can make smaller trades and average in better without the transaction fees that kill people with smaller investments at other brokers. As other commenters have pointed out, Robinhood will get you with hidden fees, and the customer service is awful. Be very careful with this app! Couple of examples below.


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I asked Robinhood to donate my shares to a charity. Unlike other brokerages, they could not. They also refused to expedite the process takes business days, vs. It took me 24 minutes before I got a customer service representative on the phone. This followed two unanswered emails to support over 4 days. Last week, I transferred stock account from Fidelity to Robinhood and will be in on Monday. Is it too late to cancel it.

If yes then what should I do? Transfer all to other brokerage like Capital One Investing?

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Or leave it there in Robinhood? Just stop investing there, sell each stock and move it into cash.

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Then move the cash out and ask them to close your account. Opening a brokerage account at firms with account minimums is usually not advisable. That way, Robinhood is great. BUT, their greatness ends just about there! You can keep a trial account with them BUT BE prepared that they may close the moment their funding runs out. I just opened an account with Robinhood 2 weeks ago. So far, I have no problem with it. Transfer is on the way and will get in on Monday.

Since I read your review and their comments. Is it too late to cancel the transfer? I agree with Peter. I loved Robinhood when I started it since I had spent a lot of money on commissions at Fidelity. However, I am getting frustrated with Robinhood now due to various errors that now forces me to check every stock to make sure I am getting what I am owed. I noticed this during my regular portfolio checkup.

I only got it after I emailed Robinhood about it. Another problem is that stocks and etfs become temporarily untradeable in Robinhood e. Horrible customer service from my experience. The app still says I have these shares but the value of those shares does not show the actual value as reported by everyone else. David is correct. I have the same experience. My tax documents were not correct and I sent them 10 email about it and there is only automatic response which is not helpful at all. Also I tried to call the customer service and I was on call for 2 hrs waiting for a rep to answer.

Horrible Customer Service. Absolutely horrible customer service. I have sent several messages via the phone app.

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I called and was put on hold for 15 minutes and I finally hung up. I sent an email and still have not received a response. Hold off on using this company. It is obviously understaffed and lacks customer service. That looks like my account LOL.. Robinhood is a great application but I would like to use my account on a better trading software.. Please upgrade. These exchanges have minimum stock price, and market cap in order for a stock to exist on these exchanges and therefore excludes penny stocks. Tried to sell stocks and got message that stocks temporarily unavailable for training.

Very bad, numerous emails sent no response.


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  • Robinhood is the worst. I still do not have account it been 2 weeks and nothing.


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    • I contact them and hear nothing back. I have been using robinhood for about 4 months. I learn how to use it and never had any issues until today. I had purchased about 14, of a stock, that was bought partially and then later on that day it completed.

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      The system had an error and made me a pattern day trader, even with their protection. Thanks Robinhood. More Cons — No margin account, no short selling — No pre market, after hours trade. If I wanted to withdraw money that I had invested in RobinHood, how is that done, and how long would it take to get into my account? I had sold stock so it was settling up for that. They said they did the deposits. They also skim off the top too. So if you want to sell at say 1. Ya Robinhood working for the king. Makes it worth it to me.

      Deposits take 2 days. RH advertising 3 and taking 6. Customer service sucks completely takes 30 to 40 min if you call them emails take 4 to 5 days to get response to. You will have your deposit immediately when you are new then they all of a sudden make you wait 5 days or more.