Robinhood is fantastic low income someone. You possibly can make reduced deals and you will average when you look at the top without any purchase charges you to eliminate people who have smaller expenditures on almost every other agents.

Transfer all some other broker eg Financing One Expenses?

Since most other commenters has discussed, Robinhood will get you which have hidden charges, plus the support service is actually awful. Getting cautious with this application! Couple of examples less than

step 1. I inquired Robinhood so you can contribute my offers to help you a foundation. In lieu of most other brokerages, they may not. In order to import my shares so you’re able to an agent who does, they billed me personally a beneficial $75 payment. They would not waive they despite the charitable trigger and even with my personal citing that an excellent $75 percentage getting a donation are egregious. Nevertheless they would not expedite the procedure (takes 5-seven business days, vs. 1-three days for the majority brokers).

dos. They required twenty-four times prior to I got a support user toward cellular phone. So it observed several unanswered characters to help with more than cuatro weeks. I inquired a manager in the event the he had been embarrassed of the any kind of it – no less than this new waiting time to keep in touch with a representative – to which he replied “Not really sir! That is just the process right here and just how i do business.”

2 weeks ago, We inserted Robinhood. We put $ on it. We intend to pick holds a single day after New Year’s Big date. A week ago, We moved inventory account off Fidelity in order to Robinhood and will be for the towards Saturday. But once We see their remark in addition to statements up coming I am care and attention now! Will it be too-late so you can cancel they. In this case then just what can i would? Or let it rest truth be told there inside Robinhood?

4mos immediately after your own blog post, it arrives in reality too late on how to revert their circulate. But I’d basic include a referral Never to romantic your bank account with one broker with carries in it. Only prevent expenses around, promote for each and every stock and you can disperse they into the bucks. Following disperse the cash aside and have them to intimate your own account. Opening an agent membership during the organizations which have account minimums is usually not recommended. In that way, Robinhood is great. However,, their greatness finishes only about around! Their support service isn’t only NONEXISTENT but BLATANTLY Careless and you can Downright Unsafe. I state Hazardous due to the fact teeny tiny bit of Inventory Information they post regarding the a stock would-be Plain Incorrect, such as for example PEs, Div. Output, MktCaps, etcetera – very dealers who don’t crosscheck it up against cnbc otherwise marketwatch or other legitimate web sites are merely simple SUCKERS! And worrying about any of it to consumer disservice only Consumes A lot more of Your time! You can keep a trial account with these people But Be prepared they can romantic the moment their financial support runs out.

I’m however contrasting carries

I just established an account that have Robinhood 2 weeks before. I transferred $ inside it. Yet, I have not pick stock yet. I’m nevertheless evaluating the fresh new carries prior to I buy him or her. We propose to purchase holds a single day after The new Year’s Go out. At this point, I have nothing wrong on it. However, a week ago, I transferred carries from Fidelity to want Spanking dating Robinhood due to the fact I really don’t such as for instance to spend exchange fees. Transfer is found on just how and will be in into Friday. Since i have see the remark in addition to their comments. Now i am worry. Can it be too-late to terminate new import?

I go along with Peter. Yet not, I’m getting sick and tired of Robinhood today because of certain problems one now pushes me to have a look at the inventory to be certain I’m providing the thing i are due. e.grams. among my personal stocks split up and stated a fifty% inventory dividend that i never got having Robinhod. We noticed that it in my typical profile checkup. I simply first got it when i emailed Robinhood regarding it. Along with, I didn’t score returns to your specific cefs (HQH) and for my personal SNY inventory they released brand new dividend double but in-truth paid down me only if. Several other problem is one carries and you may etfs getting briefly untradeable within the Robinhood (e.g. ACWV). I do not this is extremely fair to their pages you can not purchase otherwise promote a stock you desire.