2 ms·
> Robinhood actually fronts the least money out of all major brokers (something like $1000). None of the brokers I have ever used have ever fronted me money. I
by totalZero 6y ago
> Robinhood actually fronts the least money out of all major brokers (something like $1000).
None of the brokers I have ever used have ever fronted me money. If the required equity isn't going to be in the account by the settlement date, they won't spot me so much as a fiver.
There's an argument to be made that Robinhood Instant is a violation of federal margin regulations because it allows margin risk to be taken in an account with no settled equity.