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Is there a chance of losing money that is invested in RobinHood? I am not talking about trading losses -- but some thing like RobinHood going under and me losin
by thro1237 9y ago
Is there a chance of losing money that is invested in RobinHood? I am not talking about trading losses -- but some thing like RobinHood going under and me losing money as a consequence of that? Are there any protections for consumers?
- neuralFatigue 9y agoRobinhood is SPIC insured upto $250,000. So you can get upto 250,000 worth of securities value back if company goes under. Scroll down on the link https://www.robinhood.com/ https://www.robinhood.com/
- kolbe 9y agoYes, there is a chance, but there are very tight regulations about the company's capital requirements that are designed to ensure you're protected. The only thing you're particularly susceptible to is outright theft/fraud on the part of Robinhood.