Young Smart MoneyWhy I'm leaving Robinhood
14min2020 NOV 26
詳細信息
Robinhood has crossed a line...well a number of lines. I'm leaving Robinhood and never looking back. In this video, I'll break down the 4 reasons I'm pulling my money out of the popular investing app.Add me on Instagram! - AppleCriderOfficialI started investing with Robinhood back in 2017 and was initially really excited about the prospect of a commission-free trading platform. Before switching to Robinhood I was using Fidelity and paying $4.95 every time I wanted to buy or sell a position. The first few months of using Robinhood went well, but later in 2017, the problems with Robinhood started to pop up. The first thing that became apparent to me was Robinhood's reckless business practices. After signing up for the service, the SEC fined Robinhood $1.25 million because Robinhood did not tell investors that they were selling their order flow.Personally, I didn't assume that this was malicious, just that Robinhood was following the Silicon Valley mentality to "move fast and break thi...