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Most of the brokers where not allowing margin for buying GME since last week and Robinhood is one of them.
by mrh0057 6y ago
Most of the brokers where not allowing margin for buying GME since last week and Robinhood is one of them.
- yCombLinks 6y agoDisallowing margin buying is one thing. Not letting you use our money to buy a volatile stock, that's fair game. But not letting you use your own money, that's a scam.
- invalidcab 6y agoI am concerned for myself here. I got 3.0xxx shares on Wed. 1/27 on Robinhood for 999 bucks. I'm pretty sure I began a transfer to Robinhood of $1,000 from my bank account BEFORE I bought them. Well, the shares were in my possession in a matter of seconds after but my $1,000 won't clear until Feb 2. I have NO idea if I bought on margin and if am subject to margin call/ holding liquidation etc. If anyone has any insight I would very much appreciate it!!!! Thanks-- An idiot