Comments on: Robinhood Review: Investing App Pros And Cons https://thecollegeinvestor.com/15582/robinhood-review-commission-free-trades/ Navigating Money And Education Sat, 29 Jun 2024 16:36:07 +0000 hourly 1 By: Investing_Fanatic https://thecollegeinvestor.com/15582/robinhood-review-commission-free-trades/#comment-468694 Sun, 02 Jan 2022 15:04:38 +0000 https://thecollegeinvestor.com/?p=15582#comment-468694 Avoid like a plague. There are some redeeming features about Robinhood like instant deposit and nice UX design, but too mans cons to overlook. System issues, security issues, excessive PFOF, no tax protected retirement accounts, GME scandal, and bad customer service.

Better choices are Webull for traders & investors, and SoFi for investors and all-around personal finance. Both offer Roth IRAs, fractional shares for ETFs, and access to Cryptocurrency.

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By: steven yarnall https://thecollegeinvestor.com/15582/robinhood-review-commission-free-trades/#comment-467311 Sun, 03 Oct 2021 13:04:43 +0000 https://thecollegeinvestor.com/?p=15582#comment-467311 Fidelity is $.65 per option contract + $.05 fee.
Vanguard is $1 per option contract.
Robinhood & webull are $0 per option contract.
Webull offers ira accounts.
Webull has a very clear P&L report.

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By: Holfson Cajuste https://thecollegeinvestor.com/15582/robinhood-review-commission-free-trades/#comment-463755 Wed, 31 Mar 2021 16:26:47 +0000 https://thecollegeinvestor.com/?p=15582#comment-463755 Robinhood is awful. It’s the worst platform for a true investor who needs access to buying and shorting stocks. They also take 30 days to withdraw your funds. They have horrible customer service. The list of negative things goes on and on they suspend your account for anything. Freeze your account. This is a platform for someone who thinks the market just goes up which is ridiculous. Leave Robinhood alone it’s a step up from stash which is another horrible app for someone who wants to trade and doesn’t care what the actual price of the transaction.

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By: Joe https://thecollegeinvestor.com/15582/robinhood-review-commission-free-trades/#comment-365659 Thu, 01 Aug 2019 04:35:35 +0000 https://thecollegeinvestor.com/?p=15582#comment-365659 In reply to Zach B.

Millennial here also checking in—well after the original post.

I may be naive, certainly inexperienced, and probably need some light shed on how I’m doing this all wrong. But I will say that after almost two years using Robinhood as a first time, get your feet wet, investor, I don’t comprehend the cons. I feel like I yield the same amount of trading wisdom and advise from other apps and research avenues as I do from Robinhood, but with Robinhood, it’s all in one place, it’s totally free, and facilitates my apparently ADD style of investing as good as I can fathom. I have actually made a decent sum in my year and a half of trading (over $10k, liquid, in my bank account, seriously). I’m a physical therapist, I make okay money with my job, and my profession affords me time to be a fairly active investor (monitoring my stuff, buying, and selling 4-5x/week is considered active, yes?). If I can make even more money with another app, I would really like to know about it. Is the government going to steal all the money I’ve made? I really don’t understand the benefit of using another app (I can’t emphasize enough that I’m not a very smart person, please enlighten me).

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By: Beth https://thecollegeinvestor.com/15582/robinhood-review-commission-free-trades/#comment-361375 Wed, 10 Jul 2019 05:23:23 +0000 https://thecollegeinvestor.com/?p=15582#comment-361375 I tried to sign up with RH unsuccessfully for several days. They kept saying my info wasn’t valid, everything from my street address to my SS Card. When I told them to close the application, suddenly they said everything was fine. It felt suspicious and scammy. I see from the comments that my intuition is not unfounded. I consider myself lucky that I got out before the account was finalized.

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