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Learn how to spot and avoid impersonation, phishing, social media, and crypto scams that target Robinhood users. Find out how to contact Robinhood Support if you suspect unauthorized activity on your account.
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 ...
May 6, 2024 · Robinhood is a discount broker that offers free stock, options, ETF and cryptocurrency trades, and a 1% match on IRAs. However, it has limited customer support, no mutual funds or bonds, and a history of regulatory issues.
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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.
- Alicia Adamczyk
- 9 min
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Stock lendingFractional sharesInstant depositsZero-commissionsMobile-friendly broker makes investing easySimplified (some say game-like) approach to investingZero-commission pricing structure makes investing ‘cheap.’Cryptocurrency access with a crypto walletLacks a dedicated trading platformSome may be uncomfortable with the Payment for Order Flow business planSome popular investment vehicles are not availableRobinhood is a broker that offers zero-commission trading, stock lending, fractional shares, instant deposits, and other features. It is registered with FINRA and SEC, and provides SIPC and FDIC insurance. It is not a scam, but some may find it lacking in some areas. Read the review to see if Robinhood is a good broker for you.
Apr 12, 2024 · Forbes Advisor evaluates Robinhood as a popular but risky online broker that offers commission-free trading of stocks, ETFs, options and cryptocurrency. Learn about its pros and cons, fees, platform, research and security.
Nov 9, 2021 · 9 November 2021. Getty Images. US share-trading app Robinhood has been hit by a security breach that has exposed the names or email addresses of more than seven million people. The company says ...