Moving out of Robinhood

Feb 1, 2021 25 Comments

Given the current Robinhood sentiment, I'd like to move away from it.

How can I transfer to Schwab or webull without selling and liquidating my positions in Robinhood?

#robinhood #stocks #trading #investing

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TOP 25 Comments
  • Amazon
    silver_fox

    Go to company page Amazon

    silver_fox
    Fuck Robinhood! It is so unfortunate because they had a good product.
    Feb 1, 2021 12
    • Google
      geister

      Go to company page Google

      geister
      Enlighten us with another shoring incident in the past at this scale? This many number of buyers and such huge jumps in stock price?

      Also the (allegedly) 100% collateral requirement requested from DTCC for settlement for high-volatility stock? (Oh did you bother looking into how clearing and settlement works before jumping into conclusion?)
      Feb 1, 2021
    • Akuna Capital / R&D
      Kizuna ML

      Go to company page Akuna Capital R&D

      Kizuna ML
      A good product? Even before this fiasco, they would often crash during periods of high volume&volatility. An indicator you might want to consider is the app not working on leap day 2016 and then having the same issue again in 2020.
      Feb 1, 2021
  • Airbnb
    wolalala

    Go to company page Airbnb

    wolalala
    If you move to webull I think you just completely don’t understand why you hate robinhood.
    Feb 1, 2021 3
    • WeBull got cockblocked by APEX Clearing. Their CEO also competently gave a rational explanation as to why things happened the way they happened.

      On the other hand, Robinhood has their own in-house clearing system. And Vlad was a nervous, tongue-tied wreck who got completely destroyed by people like Cuomo.

      So while you may think Robinhood and WeBull are cut from the same cloth, it is simply not the case. One has a competent CEO, and one does not. There are definitely much better options than these two, but WeBull is better than Robinhood at this point of time.
      Feb 1, 2021
    • Airbnb
      wolalala

      Go to company page Airbnb

      wolalala
      For sure. Def not defend their inefficient communication. Just want to point out possible capital limitation of by all these brokerages.
      Feb 1, 2021
  • Airbnb
    wolalala

    Go to company page Airbnb

    wolalala
    It’s so unfortunate that people just jump into hating robinhood only by listening to conspiracy theories from social media.
    Feb 1, 2021 3
  • HomeStreet
    Madlad

    HomeStreet

    Madlad
    ACATS. Initiate the transfer from your new brokerage. Be aware there may be a short period where we will not be able to sell shares.
    Feb 1, 2021 1
  • Reputation.com / Eng
    spermInNut

    Go to company page Reputation.com Eng

    spermInNut
    I moved from RH to Schwab almost 2 years ago. Zero regrets. You need to talk to Schwab and RH
    Feb 2, 2021 0