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These days there are a number of alternatives out there. Others have mentioned Fidelity, IBRK, TD Ameritrade (Thinkorswim), and WeBull. I'd also recommend loo
by ketchuptomorrow 6y ago
These days there are a number of alternatives out there. Others have mentioned Fidelity, IBRK, TD Ameritrade (Thinkorswim), and WeBull. I'd also recommend looking at ETrade, Tradestation, Schwab, Tastyworks, or Dough.
- dehrmann 6y agoI use Schwab. They have the things that are actually important for someone getting started: ~free trades and fractional shares, but the app and website aren't as slick (though it does feel like a serious tool), and they make you go to more effort to get options trading or a margin account--I've never seen them actively promote either.
- fedorareis 6y agoBut some of those other options did the same thing in this instance per the article. WeBull and ETrade both did the same thing as RH and halted buys. TDA and Schwab halted options. The problem RH faced wasn’t a problem unique to them other brokers who didn’t stop buys were just fortunate enough to either have more cash on hand and/or have fewer trades on GME.
- ketchuptomorrow 6y agoYou're right. I only meant to shine a light on the alternatives that one has to using Robinhood. I wouldn't move off of Robinhood for this issue, but there are a number of other reasons that I would advise others from using the platform, including poor order fills[1], constant outages, and overall lack of features. 1. https://www.sec.gov/news/press-release/2020-321 https://www.sec.gov/news/press-release/2020-321