why robinhood app is bad?
Is Robinhood a ripoff?
The Verdict: No! Robinhood is not a scam. ... Additionally, while Robinhood doesn't have mutual funds and focuses on high-flying individual stocks and crypto, you still have the choice in what you buy! You can spread your money around the bigger companies to defray some risk. Jan 7, 2021
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Is Robinhood app safe?
YES– Robinhood is absolutely safe. Your funds on Robinhood are protected up to $500,000 for securities and $250,000 for cash claims because they are a member of the SIPC. Furthermore, Robinhood is a securities brokerage and as such, securities brokerages are regulated by the Securities and Exchange Commission (SEC). Jan 19, 2021
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What's bad about Robinhood?
Robinhood provides a bare-bones trading experience, making it a poor choice for investors seeking the best trading platform. Also, Robinhood's stock research tools are severely lacking when compared to $0 brokers such as TD Ameritrade, Charles Schwab, and Fidelity.
Full answer in: www.stockbrokers.com
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Why is Robinhood hated?
Between the lines: Robinhood is fully reliant on Wall Street, which provides its business model and its investor base. That naturally creates opposition to Robinhood from people who are suspicious of big finance. Robinhoood also has a brash "move fast and break things" culture typical of Silicon Valley. Feb 4, 2021
Full answer in: www.axios.com
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