I had a cash account, which means I could only use my own money to buy and sell stocks. Robinhood is very deceptive in the way their app is set up. When you make a deposit it intentionally notifies you that your deposit and/or transfer was instant and COMPLETE neither of which are actually true!!! Your money is actually still being transferred and Robinhood is stepping in essentially as a loan shark and “fronting” you the money so if anything happens or for whatever reason your bank decides to stop or reverse the transfer they will then refer to you as a free loader and lock you out of your account for 99 days even if or when you get the issue resolved with your bank and cover all the money you initially believed you had already initially and INSTANTLY deposited. You’ll be forced to sell off all of your investments even if you have to do so on a bearish day and lose hundreds or even thousands of dollars and then deposit even more money to cover what you were forced to take a lose on and even then after all of that you will still be locked out of your account even if you have a billion dollars, even if you’re worth more than Robinhood itself you will not be able to have access to your account for at least 3 whole months. Robinhood is not at all like Robinhood it’s the complete opposite in fact. They’re stealing from the little guys to enrich themselves and the wealthy! Complete scam artist and crooks in every sense of the word.

Their option market software is broken. If you click on the sell option on a call or put, you have to manually switch it twice, otherwise you will be buying a call or put and their customer service is trash. They’ll tell you to pound rocks. Their cash account isn’t worth it unless you have 30K and buy in to the gold program @ $5 a month. They do have an excellent margin account value with the lowest apr. That is good. However, unless you have 25K or more in the account you are stuck with a day trader limit that they aren’t flexible on and will do nothing to help you if you accidentally go over 3 trades. They don’t have CEF funds. They don’t have a DRIP program that buys into discount at NAV. Their trade market in your ability to see the market value at what people are bidding on is limited. They say they have level 2, but it’s really just level one and you can only see what other Robinhood buyers and sellers are bidding, not what other brokerages are doing. Their option market is also limited to divisables of $5, meaning people with better brokerages can outbid your option price by $1 or $3 values. They also don’t cash sweep any money if you sell a put. So if you sell a $3k put and it last for 6 months, none of that $3k that is set aside is gaining interest. It just sits there and you can’t touch it for 6 months. Did I say their customer service is trash? They don’t care about you!

I love the list feature and am using it to quickly browse what I’m interested in. However dragging and dropping the lists in order to arrange how they appear on the home page doesn’t always work correctly. I cannot change the position of the top one at all, and not all of them will stick when I rearrange them. I am trialing gold and I will probably not continue it if this doesn’t change because it is a real dealbreaker. Wasn’t sure how to submit feedback on the app’s functionality so hopefully this can reach the right people. Besides that, I love the app so far. I find it to be very aesthetically pleasing and easy to use. There’s a good amount of information available in app even without gold so a newbie investor like me can dip their toes in without feeling blind. I love the message notification system, I think a good feature might be optional responses generated from holding down on the chat bubble or double tapping it, because I wanted to see extended order information for a previous transaction and couldn’t access that through the notifications the same way there are responses for the most recent message. Just an idea, and it’s really just nitpicking because you can easily find the order history in your profile menu. I also like how it can easily be connected to truebill to track my investments with the budget I’m creating. I’d give the app 4.9 stars. Just wouldn’t feel comfortable paying for an app that I have a functional problem with. Still would absolutely recommend! There’s a reason it’s a popular app.

Robinhood is great for all types of investors..I don’t recommend putting any money in till you done your thorough research.. and I mean there’s so much to lose and so much. To gain The five dollar membership is A feasible price to pay, especially for all the extra information that is provided. With a Little research, and a lot of listening, there’s really no limit to what you are capable of. Whether you want to just fitter around or take 5k you can afford to hold out a year, do you obviously have to check regularly to make sure you dot nose dive...and it happens. My suggestion, hopefully make a couple hundred in a few months ( after months of research of course) and use that to see if you are picking your stocks well. Then you never lose, only the possibility to gain...and it’s all about anticipating how businesses are going to react at this point in time. But that will change. In the next year Blue chips making us tons, will fall possibly be making impossible choices. At this point in life it gets my blood pumpin. Just because it doesn’t go your way one day, the next could change your life. Don’t be scared to do it by yourself.. you are your own best teacher. But don’t completely forget about it and lose it all either. It’s game. A real life live or die eAat or don’t eat game. We can’t bring out the battle axes anymore. And it’s not about beating anyone but yourself, striving to learn something from scratch...no one does that in this age