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I have no experience with it directly, but Robinhood is also widely regarded (in at least some circles) as having very poor execution. Meaning you're potentiall
by johnbrodie 7y ago
I have no experience with it directly, but Robinhood is also widely regarded (in at least some circles) as having very poor execution. Meaning you're potentially not getting orders filled, or getting them filled at a sub-optimal price. They're also known for having "tech startup" level tech support if there _are_ issues, unlike more established brokers that allow you to talk to a real person almost instantly, allow you to trade over the phone if needed, etc.
They're also known for mispricing essentially _every_ morning, showing nonsensical pricing and account values for the first 30 minutes of trading. Overall, their software is clearly lagging behind something like Think or Swim from TDA.
Robinhood kind of made sense for low-value accounts that wanted to avoid commission. They've changed the game a bit in that most brokers offer low to no commission now. I'll echo the parent comment, I just don't see the point in using them given that most of the alternatives are better.