it’s not safe, not worth it. It’s not FDIC/SPIC insured, you never know who’s gonna go down in next year or so
Don’t even use robinhood
I like Robinhood tho
I like Robinhood. No better app. Sorry you got rekt by GME but that's your own problem
Never would but details please?
added
RH is FDIC insured upto 250k
That doesn’t apply to stock lending- which is why the post
What is stock lending?
FDIC only applies for back accounts. I think you meant to say SIPC, which they are as a broker dealer.
you’re right
Yes you are absolutely correct. Dont lend stock there. For anyone shilling robinhood read the fine prints in stock lending page (i also have account in robinhood btw)
What happened?
Short version is it’s not FDIC/SPIC insured
@op true. But it's not a Robinhood problem. The FDIC insures deposits and invested assets are not deposits. Good callout though, as most people don't know that