I rated it with just one star because the platform does not allow for unlimited stock trading. There is a cap on the number of trades, and exceeding it can result in being labeled as a pattern day trader and facing account limitations. As a result, I withdrew all my funds and switched to WeBull, which I find to be significantly superior to Robinhood.
I'm extremely disappointed with Robinhood's Spending Account. Every time I set up an autopay for a bill, they mysteriously charge me \$91. This has happened more than once, and there's been no clear explanation or resolution. It's unacceptable to lose money just for trying to pay my bills. I trusted Robinhood with my finances, but now I'm pulling my money out.
This was a nice app, but they have unclear help with security. The last time I tried to withdraw funds, I did not receive a text or notification on my phone. I thought maybe it was going to another device, but I couldn't log in to another device because I couldn't get notifications. I couldn't remove other devices from the one active device (greyed out option). No other explanation or instructions. Finally, did the selfie thing which worked, but nothing in the process/help chat pointed me there.
Don't even try to make an account using the app, that's all I'll say. Make your account using a browser. 24 hours of attempts and chat support that eventually just led to me having to go on a desktop anyways. I've already encountered so many bugs in this app and I've only had it for like 24 hours. Yeah, it looks nice. And I'm sure making transactions is probably fine, once you finally get there. I have no idea though, because the app screwed up my account and it's 3-5 days to fix it. 0/5.
Robinhood user of over six years and every day, week, month, year it just gets slower and slower and crashes/freezes more and more. I now have to close and reopen 100 times a day and clear the cache constantly to get it to load anything. You can do one or two things before it freezes. I need to sell everything and move to another brokerage, but it will take weeks with all the freezing.
edited: they changed scrolling back to before! thank you! updatedfrom 1 to 3 star. Still this problem though. Before if you had a bid queued up to sell and then decided to change it they would remove your original bid until new price was added. Not anymore. you have to cancel your price then re- enter new price.Big hassle when fast price movements in options trading and your tracking movements.
Bracketed trades would really be a lifesaver. I don't necessarily want to watch a trade continuously; I'd rather set a stop limit and a take profit limit order on the upside, and check in periodically to make adjustments. This would also help my self-discipline so I don't have to think about it when things start to go downhill! Also, why not have a moving candle on the simple as well as the advanced chart? Easier to see what's going on. Indicators on Legend on laptop tend to obscure candles.
I really think it sucks. They include fake and old news from Tipranks, which will tank your tips. They don't execute orders unless they can pinch your trade. Even on "Gold" They interrupt your trades by both doing "instant transfers" at the same time telling you to deposit funds because your funds haven't cleared. They approve you for "margin" and "basic options" trading. But, they stop you from trading margins or not executing option orders. More on the next page...
my account has disappeared. I tried to open the app and it's asking me to login, which I never had to. And when I reset the password a notification email was sent for me to reset the name I was addressed with it's not my name. All my info suddenly went with my money. Something is definitely going on and I can't reach customer service no one to answer my questions and to tell me where my thousands of dollars went. This is highly unacceptable.
The only issue I have so far, is the Gold subscription.... it's a 5$ monthly charge.. if you don't really know what to do in the app, you will be losing money instead of gaining money.. you will see returns in your investments, only to be taken away by the monthly subscription... if you're a bigginer and don't really have a lot of money to invest yet... don't get the Robin Hood Gold Subscription...
