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/10
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 : 2024-03-29
  • 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 launched its brokerage services in the UK

NewsRobinhood launched its brokerage services in the UK

2024-03-26 18:14

Robinhood has launched its trading app in the United Kingdom, allowing all consumers to trade commission-free. Customers in the United Kingdom can now use the Robinhood app to access more than 6,000 worldwide companies listed on US stock exchanges.

WikiFX
2024-03-26 18:14
News
Robinhood launched its brokerage services in the UK
Robinhood adds new assets to the 24-Hour Market

NewsRobinhood adds new assets to the 24-Hour Market

2024-02-16 18:03

Robinhood has announced the addition of new assets to its 24-hour market. Robinhood has increased the amount of symbols available in the US overnight to 922.

WikiFX
2024-02-16 18:03
News
Robinhood adds new assets to the 24-Hour Market
Robinhood Slapped with $7.5M Fine for Trading Missteps

NewsRobinhood Slapped with $7.5M Fine for Trading Missteps

2024-01-19 16:13

Robinhood agrees to a $7.5 million fine in a settlement with Massachusetts regulators over allegations of encouraging risky trades among inexperienced investors, addressing concerns of platform outages and aggressive marketing tactics.

WikiFX
2024-01-19 16:13
News
Robinhood Slapped with $7.5M Fine for Trading Missteps
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

User Reviews

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User comment

4

Comments

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Savdu
more than one year
Although your online customer service and account managers assured support for hedging, the ultimate response to the customer was account termination. This is unfair, unreasonable, and potentially illegal. Should the customer bear the full responsibility for this mistake? Why aren't your employees informed that your company only supports hedging trades that incur losses, not those that generate profits?
2024-03-25 01:21
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0
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chabgeble
more than one year
Extremely frustrated with Robinhood! Unable to withdraw funds, website is down, and now they're demanding an anti-money laundering deposit. Seriously? This is beyond inconvenient. Not impressed at all.
2023-12-22 14:17
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0
0
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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0
0
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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0
0
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