why robinhood is bad reddit?
Can I trust Robinhood?
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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Is there a downside to Robinhood?
The account has no minimum requirements, no monthly fee, no overdraft fee, and comes with a Mastercard debit card to easily access your money at their huge network of fee-free ATMs. The only drawbacks with this account are that they don't reimburse other ATM fees, and you do have to use their app. Jan 20, 2021
Full answer in: thecollegeinvestor.com
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Why is Robinhood so bad?
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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