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>> just stop letting customers trade with unsettled funds. I can think of nothing an app-based brokerage could do that would anger customers more. The entire
by sandworm101 5y ago
>> just stop letting customers trade with unsettled funds.
I can think of nothing an app-based brokerage could do that would anger customers more. The entire point of the app is to facilitate quick and easy trading. The job of the app providers is to abstract away all of the backroom accounting. Requiring customers to wait for settlement would cause a riot.
- wonnage 5y agoYou can't trade with unsettled funds, it's an SEC violation
- gruez 5y agoOnly in cash accounts. Margin accounts (which I think all robinhood accounts are?) don't have that limitation.
- winenbug 5y agoInstant deposits are definitely not settled funds from your account -> Robinhood perspective.
- WoahNoun 5y agoRH defaults accounts to margin accounts to support their "instant deposit" feature.
- thebean11 5y ago> I can think of nothing an app-based brokerage could do that would anger customers more. Disagree, I think this would have angered customers less than what actually happened..