50 customer reviews of robinhood.com
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Robinhood Rating
Based on 50 reviews from Robinhood customers, company has accumulated an average rating of 1 stars, indicating that majority of customers are not satisfied with its service.
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Description: Robinhood is a new way to invest in the stock market. For more information about Robinhood please visit www.robinhood.com
Address: 94306
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Use another stock app!
DO NOT get the debit card with Robinhood and Sutton bank. They are extremely easily hackable and I had my hacked with. 3 days of receiving it.
Contacted support for over a week now and they keep trying to avoid it at all cost.
I will be contacting a lawyer, and I'm also working with a news station for a potential story over Robinhoods poor service and support.
1- There is no way to export your trades to a CSV file. If you need an easy way to export to keep track of your trades in a spreadsheet, or for importing into another program like Tradelog for tax purposes, you are out of luck. They only have downloadable PDF statements. If you do not make many trades, this may be OK with you.
2- Their cancel/replace order is slow and cumberson. You have to close the original then scroll to the new trade you want to place and enter it. There is no lock to unlock to allow the bid/ask/natural/mid prices to update. This means you may need to close and reopen orders multiple times until you find a trade price that will be accepted.
3- Stock last price is not displayed in the options area when you are viewing your trades. Unfortunately you have to search for the stock. Because option decisions revolve around the stock price, this makes no sense to me.
4. There is no way to trade options as a market order. Sometimes you need to get in or out no matter the price, and you cannot do that on RH, though most other brokers have market orders for options.
5. No phone support and their email support is slow.
Their escalation 'manager' Ellie is supporting their representatives decision to lie to me multiple times about my account, their purposefully blocking of my ability to request help concerning account security and overall negligence in providing customer support.
They lied, over and over to me. Their so called 'coachable moments' cost me money and they expect me to just accept it.
My portfolio moved, BUT not all of it. Things I sold on Robinhood before the transfer have shown up in my Merrill account BUT at market price which is much higher than the price I paid plus I sold these off completely.
My Robinhood account now shows a margin call and a $5k deficit. My account had a lot in there (for me) and not all of it moved yet Robinhood now says I have a deficit.
Also, I've been locked out from making trades since 01/28. But in Feb 2 I get a notification from Robinhood I've been flagged as a day trader. Then in Feb 3rd Robinhood sends me notifications "congratulations order is complete" and it bought lots of securities that I I'd done before the transfer.
How the heck is this possible I've been locked out since 01/28.
MORE concerning is my account history no longer shows those sales on 01/28, conveniently and I feel Robinhood is broken system is stealing from me and others or losing my finds outright.
I got a "response" to my first inquiry and it was an unacceptable generic automated reply saying go here to learn about logging in. Are you joking me? What kind of financial institution with millions of clients can't reply to a email?
Also for example I sold all 2,300 shares of NAKD I had at avg of $0.46, yet 1000 of that showed up in Merrill but at full market price of over $1.16 per share. What the heck? Plus now I'm not sure if I really own it because you should never sell something twice. This stock is now losing value day over day and I don't know if I really own it since I sold it completely off before initiating the transfer. I have several positions like this. I sold 25 of my 100 shares of PSTH on 01/27 yet there is full 100 shares in my merrilll account? And multiple other securities. IPO I sold 3 shares my entire holding yet that has been transferred to Merrill? Multiple other positions and shares are like this
I've see. This has happened to many people. What the heck is going on? No replies, no help.
I'm very worried, this is all my money Robinhood are playing with.
To make it worse, robinhood declared the money margin, and is now taking interest on the money.
To top it off, Robinhood sold my Call option without my consent while it was coming into the money, but was still at a loss. It would have made me a decent amount of money, but instead, posted a $500 loss, and has given me an extraordinary headache with the bank.
STAY AWAY. Use a better brokerage that doesn't fail on high volume days when reliability is a must. This is the last strike against me with this company. They are bandits.
Overall, I'm considering finding another trading service. I think Robinhood don't take their Customer issues seriously. Let say, what if you have an issue while using their App. This can be a serious lost because you cannot reach out to their customer support to resolve your problem immediately. With trading you can gain or lose a significant amount of money within a few hours or days. I hope Robinhood will reconsider to take their customer support seriously.
After inputting the amount you were willing to pay
And then Robinhood stock comes down and it goes through and you are confirmed at that price for a particular amount of shares which you agreed to
But it just sits there dormant and it states if your order is not filled for 90 days?
Why on earth would it sit there for 90 days or any long particular amount of time if it is not going to go through your money is tied up you cannot invest you cannot get a question or an answer from anybody that is not a general computer-based answer which answers nothing?
The last time this happened I waited for over two weeks had my orders went through it would have been a plus on my side for $26,000 after waiting all that time then I was told that it was discarded they credited me and my investment amount back but I lost all of that time as well as the money that I would have made why does it take so long if something is wrong to handle something such as that?
Not trying to beat up the app I have enjoyed it and learned a lot in the amount of time but when people tie up money regardless of the amount of money if it is a lot to them and to have things put on hold for that length of time if it's going to be discarded or not credited The company should be on top of it way sooner and Be more professional than what it is being done at this time?
If you are a staff member or anybody who is important that works for Robinhood this is something major that should be addressed it has caught me several times in a short period of time as of now
I did a purchase last night with five different orders at five different price levels all were taken all were confirmed!
But not credited so it's not showing me a profit or a loss or if it's going to be bought and my money is tied up and I cannot do anything with it what are you supposed to do for 90 days this part is ridiculous please help
Kenny
There's no reliable customer service, so contacting them is impossible.
Took my money and almost drove me mad!
But since it was all my savings, I couldn't give up and let them win
Kept looking for means to recover till I got recommendations from a lady on Quora to contact Phoenix Souls
I was skeptical at first but had no choice.
Robinhood were able to recover my money back
Surprisingly! Best day of my life!
You can look the website up at Phoenixsouls dot com for help
Good luck
From an investor standpoint, what they offer is extremely minimal. Candlestick charts for 10 min blocks only, absurd. Very basic charts anyway, No educational resources, very limited news releases, no paper trading, really their only redeeming feature is the cash management. Their trades are also some of the last to go through to be filled, so if you and 10 people from other brokerages put in a limit order at the same time, you're likely to get stiffed because it fills the others first. If you're even a little bit serious about investing, go somewhere else. TD Ameritrade is great, offers no fee trades, options and so much more than what Robinhood offers. If you like the easy mobile app try Webull, again offers the same things and so much more that someone who wants to get serious with investing needs.
Be very careful or just don't even go on that platform.
Semper Fidelis
Charles L
The good is that I have control over my stocks and in my experience, response time to my emails has been good (I do have a large chunk of money with them and I am unsure if that effects anything).
The downside is site glitches. The worst is when I can not log in for a while but thankfully it gets resolved quickly most of the time and it is pretty rare.
Robinhood'; s wevbsite is a masterpiece of uselessness--with no way to contact anyone.
I made a purchase only about an hour after close yesterday and this morning I got a notice saying my order was canceled. WHY?! I BOUGHT THOSE STOCKS! YOU CAN'T CANCEL AFTER I BOUGHT THEM IF I GOT THEM BEFORE YOU CLOSED THE TRADE TO BUY!
Class action lawsuit incoming!
Bad webpage for a good concept