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   Is Robinhood (Hood) a safe investment?

   • Robinhood ( HOOD) is a popular financial services company with 10.3 million monthly active users (MAU) as of November 2023. It’s considered a safe option for investors’ securities and cash for various reasons: Robinhood is a member of the Securities Investor Protection Corp. (SIPC).

   Is Robinhood Safe for Investors?

   www.investopedia.com/investing/is-robinhood-safe/

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   Is Robinhood a scam?

   • Employment scams are also on the rise, where scammers direct you to Robinhood to facilitate business transactions. Scammers posing as recruiters will direct individuals to establish accounts at Robinhood and receive funds from typically stolen bank accounts or other illicit activity.

   How to identify and report scams | Robinhood

   robinhood.com/us/en/support/articles/how-to-identify-and-report-scams/

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   Is Robinhood a good investment?

   • Robinhood will appeal to investors looking to cut costs. But customer support is lacking, and the broker has run afoul of regulators. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page.

   Robinhood Review 2024: Pros, Cons and How It Compares

   www.nerdwallet.com/reviews/investing/brokers/robinhood

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   How much money has Robinhood paid for misleading customers?

   • Robinhood has already paid tens of millions of dollars in fines, including $65 million to the Securities and Exchange Commission, for misleading customers about its business.

   Robinhood is fined $70 million over misleading customers and system

   www.nytimes.com/2021/06/30/technology/robinhood-fined-misleading-customers.html

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2. robinhood.com › how-to-identify-and-report-scamsHow to identify and report scams | Robinhood

   robinhood.com › how-to-identify-and-report-scams

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   Learn how to avoid and report impersonation, phone, social media, phishing, and crypto scams that target Robinhood users. Find out how to spot fake emails, links, domains, and offers, and what to do if you suspect unauthorized activity on your account.

3. www.nerdwallet.com › reviews › investingRobinhood Review 2024: Pros, Cons and How It Compares

   www.nerdwallet.com › reviews › investing

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   May 6, 2024 · The complaint also states that many Robinhood users were given access to advanced — and risky — options trading products, even when they identified as having no or limited investment experience.

   • 4.3/5

   • Brand: Robinhood

4. Videos

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     Robinhood Investing For Beginners In 2024 | FULL Tutorial

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     Robinhood is a SCAM! | How Robinhood Stole $20,000 From Me | Stop Using Robinhood to Trade Stocks

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5. www.nytimes.com › 2021/06/30 › technologyRobinhood is fined $70 million over misleading customers and ...

   www.nytimes.com › 2021/06/30 › technology

   Jun 30, 2021 · Published June 30, 2021 Updated July 21, 2021. Robinhood Financial, the online stock-trading app, was fined $70 million by the securities industry’s self-regulator on Wednesday for a series of...

6. www.cnbc.com › 2021/06/30 › robinhood-to-pay-70Robinhood to pay $70 million after causing users ... - CNBC

   www.cnbc.com › 2021/06/30 › robinhood-to-pay-70

   Jun 30, 2021 · FINRA found that Robinhood provided false or misleading information, approved risky options trades and failed to prevent system outages that cost customers millions of dollars. The settlement is the largest ever ordered by FINRA, a non-government entity that oversees brokers in the U.S.

   • Author: Alicia Adamczyk

   • Video Duration: 9 min

7. www.brokerage-review.com › article › legitimateIs Robinhood Legit, Safe, or a Scam? (2024) - Brokerage Reviews

   www.brokerage-review.com › article › legitimate

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   • Most Notable Features
   • Robinhood Pros
   • Robinhood Cons
   • GeneratedCaptionsTabForHeroSec

   Stock lending

   Fractional shares

   Instant deposits

   Zero-commissions

   See full list on brokerage-review.com

   Mobile-friendly broker makes investing easy

   Simplified (some say game-like) approach to investing

   Zero-commission pricing structure makes investing ‘cheap.’

   Cryptocurrency access with a crypto wallet

   See full list on brokerage-review.com

   Lacks a dedicated trading platform

   Some may be uncomfortable with the Payment for Order Flow business plan

   Some popular investment vehicles are not available

   See full list on brokerage-review.com

   Robinhood is a registered and insured broker that offers zero-commission trading, crypto wallets, and IRA match. However, it has some limitations, such as no mutual funds, futures, or forex, and a limited selection of securities.

   See full list on brokerage-review.com

   • 4/5

8. www.investopedia.com › investing › is-robinhood-safeIs Robinhood Safe for Investors?

   www.investopedia.com › investing › is-robinhood-safe

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   Feb 2, 2024 · Is Robinhood safe? Commission-free trades and a nifty mobile app made Robinhood a splash with investors. However, some wonder if it is safe to use, legitimate, or FINRA insured.

9. www.investmentnews.com › fintech › newsWhen a hacker calls: How Robinhood fell victim to a vishing scam

   www.investmentnews.com › fintech › news

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   Nov 29, 2021 · News. Fintech. When a hacker calls: How Robinhood fell victim to a vishing scam. The hack raises new questions about Robinhood’s efforts to ensure that its millions of customers get the...