So disappointed that they clamp down retail investors. They don’t deserve the name Robinhood. I just deleted my app and withdrew my 2k. Updates from a comment: Get out of robinhood asap, things not looking good https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult More updates: heard the same that they’re not letting people liquidate or transfer. More updates: they raised emergency funding tonight at 1 billion compared to 18 rounds before totaling 2 billion. How desperate they are OMG https://www.google.com/amp/s/www.nytimes.com/2021/01/29/technology/robinhood-fundraising.amp.html Update: I cannot believe my eyes. So many stocks got restricted including StarBucks. See Robinhood is still severely limiting trading, customers can only buy one share of GameStop https://www.cnbc.com/2021/01/29/robinhood-is-still-severely-limiting-trading-gamestop-holders-can-only-buy-one-additional-share.html
You can do an stock transfer to another brokerage without having to sale. Try fidelity, E*TRADE. Fck Interactive brokers... their chairman went on TV to say they stop trading to protect their hedge fund clients.
U dont have to pay tax for that year? I thought it was sell and buy only.
It’s not a sale. You are just transferring the custodian of your stocks from one brokerage to another
Same. Withdraw 25k. Will have to sell everything and move back to etrade
You can do a balance transfer without having to sale. And don’t use any new brokers like we bull, interactive brokers
I like Schwab better personally. IB has the worst customer service.
I didn’t use them, but I downloaded them today just so I can give them a bad rating
Sadly Google is probably going to remove the bad ratings off the Play Store for "review bombing".
Same transferring out. Fuck them
I want to leave too, where are you going?
Etrade or Schwab
Fidelity
They are a shitty company, I’be been meaning to close out for a while now
We bull is doing the same shit
How is this legal guys? I’m confused how you can just ban a stock in the middle of trading
Cause the game’s rigged in favor of hedgefunds. This situation has exposed a lot including the media heavily defending them
I still don’t see how they survive a legal challenge. Unless the plan is to let the app go under and be bankrupt
Can someone from RH actually explain what’s going on? Is this forced by citadel or sec or is this just getting cozy with the big banks?
Sec can't force it. If they do they will not force stop on buy only.
Yeah same for me but I have 18k looking forward to its replacement. Also, can i transfer my investment to other account?
I think you need to pay a fee. Mine was mostly invested there for years
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/