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The WikiFX Score of this broker is reduced because of too many complaints!

Robinhood

United States|5-10 years|
Suspicious Regulatory License|Global Business|High potential risk|

https://www.robinhood.com/

Website

Rating Index

Influence

Influence

AAA

Influence index NO.1

United States 9.91

Surpassed 96.40% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

https://www.robinhood.com/
https://www.facebook.com/robinhoodapp
https://twitter.com/RobinhoodApp
https://www.linkedin.com/company/robinhood
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Robinhood Markets, Inc

Company Abbreviation

Robinhood

Platform registered country and region

United States

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2023-12-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Robinhood · Company Summary

Company Summary

Company profile

General Information & Regulation

Robinhood is an online brokerage firm founded in California by two partners with the goal of providing access to the financial markets for all investors. No relevant regulatory information is shown on the Robinhood website.

Market Instruments

Robinhood offers investors financial products such as stocks & funds, options, gold, cryptocurrencies, and cash management.

Minimum Deposit

The minimum initial deposit part is not fully disclosed on the Robinhood official website.

Leverage

Trading leverage related information is not provide, either.

Spreads & Commissions

Robinhood doesn't tell any spreads related details. However, Robinhood claims that it offers a commission-free environment for ETFs and options trading.

News

Robinhood Reclaims Shares Worth $605 Million from FTX: What Happened?

NewsRobinhood Reclaims Shares Worth $605 Million from FTX: What Happened?

2023-09-04 14:58

Robinhood reclaims $605 million in shares once held by FTX's Sam Bankman-Fried amid legal controversies, impacting the platform's valuation and market dynamics.

WikiFX
2023-09-04 14:58
News
Robinhood Reclaims Shares Worth $605 Million from FTX: What Happened?
Massachusetts Court Sides with Robinhood in Fiduciary Duty Case: A Win Amid Regulatory Scrutiny

ExposureMassachusetts Court Sides with Robinhood in Fiduciary Duty Case: A Win Amid Regulatory Scrutiny

2023-05-04 12:40

A Massachusetts court sided with Robinhood in a fiduciary duty regulation case, ruling that the SEC should handle the investigation. The trading platform has faced allegations of aggressive marketing and exposing inexperienced investors to risk. Despite the win, Robinhood remains under regulatory scrutiny.

WikiFX
2023-05-04 12:40
Exposure
Massachusetts Court Sides with Robinhood in Fiduciary Duty Case: A Win Amid Regulatory Scrutiny
Robinhood pays $10.2 million in penalties for its operational failures.

ExposureRobinhood pays $10.2 million in penalties for its operational failures.

2023-04-10 18:07

Robinhood Financial LLC will pay up to $10.2 million in penalties for operational and technical failures that harmed main street investors. It enters a settlement with many states in the US over technological and operational failures.

WikiFX
2023-04-10 18:07
Exposure
Robinhood pays $10.2 million in penalties for its operational failures.
 Capitalize announces new partnership with Robinhood Markets

News Capitalize announces new partnership with Robinhood Markets

2023-03-23 16:45

Capitalize announces strategic partnership with Robinhood Markets to improve investing experience.

WikiFX
2023-03-23 16:45
News
 Capitalize announces new partnership with Robinhood Markets

User Reviews

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2

Comments

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FX1194475069
more than one year
Their guys kept dialing my number again and again, saying it is a precious opportunity to make large profits. As a experienced trader, I always met this situation. However, the layout of its website is so cluttered with promotion meterials that I know it's not a decent platform — at least, not for me. I would not give it a shot, and I will tell you guys that it is not your ideal choice, either.
2023-01-04 14:41
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张浩32357
more than one year
The company's website is so green! Is it the meaning of "green forest hero" hahaha! anyway although it looks good, I wouldn't trade here for safety reasons as it doesn't have any regulatory licenses. Be careful!
2022-12-13 11:32
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