Leave a Review Robinhood
Loyal Customer
Robinhood got me into stock trading. Honestly, like any new trader, I made probably the same mistakes that most do. But that has more to do with me than the app. The app however has always been free, was the first to be free, and changed modern trading. I’ve never run into the issues that some people say Robinhood has had. My money is deposited in 3-5 business days. I can enter limit orders. I can trade basically how I want. Over the years they’ve had a few updates like showing total percent change, not just daily. I like the line graph that shows total change in nomal dollars over time. I’ve used some crypto apps that just show your dialy % change only, and its nice to see how far you’ve come along without having to go back to your excel/googlesheet spreadsheet. I’ve learned from those newbie mistakes over the years, and I regularly add to my portfolio and I am usually seeing my money move up and to the right. Dividends come in when they are supposed to. I haven’t seen any real issues to be honest.
The only thing Robinhood needs to do now is allow IRA accounts, and Roth, and not just personal taxable accounts. They should really open up to be a new Vanguard and then they’d really take over the world. But for the time being, it’s a great way to learn about the stock market, and it looks really sharp, and I would recommend it as app number 1 for anyone who wants to get into stocks.
Looking forward to future updatesShow lessLetmereviewdammmmiittt
Developer Response
Thanks for your feedback about the app! We always appreciate it when our customers let us know how we can make Robinhood better. We’ll be sure to share your thoughts with our team. Have a great day!Please make these corrections before ipo
I need to be able to sort my stocks without having to drag like sort by a-z or sort by total % earnings Sort by holdings display data More crypto options And most importantly MOST IMPORTANTLY im sick of every 1/7 stocks I buy to be missing data like history and avg cost I shouldn't have to write down my purchase price somewhere else for fear your app wont save it as it should Good job and thanks for the interest rate at 2.5 Everything else you guys are doing is great. Youve changed the life of millions of people with little to no experience in stocks for better or worse, but what’s ñ is h agl the accessibility to many people that didnt have it Stay true to your robinhood name, make it part of the company credo long term even after you ipo and grow significantly and you will go very long Thank you
Edit: I dont like the fact I cant buy more positions of certain stocks that I was once able to buy and now can only sell out of. company has now IPO’d and interest rate is now 3 instead of 2.5 People have been requesting the sorting feature since 2017 still no changes to facilitating organizing or customizability. I understand it’s important to make it easy for new investors, but there needs to be options for now not so new investors that want more info and can understand more complicated aspects of investing I suggest this in order to not only attract new investors but attract and retain the not so new investors thank youShow lessGusteivo
Developer Response
Thanks for your feedback about the app! We always appreciate it when our customers let us know how we can make Robinhood better. We’ll be sure to share your thoughts with our team. 💚Robinhood review
Overall the Robinhood platform is pretty good. I like the overall ease of use of the platform and like the fact that I can invest in stocks, ETFs and Crypto. However for Robinhood to flourish they need to incorporate WAY more crypto assets and offer a much better variety of options in this class as it is the future and they are losing out to other platforms. Also other platforms offer staking options, retirement account options, and options trading. These are big deals in investing and it is losing Robinhood a lot of business to other platforms that offer these services. Also Robinhood’s customer service isn’t that good either, when you are dealing with peoples money they NEED to be able to speak with someone 24/7 quickly and not have to “chat” or send an email where their questions may or may not get answered for days on end. Also the amount of days that it takes for funds to clear is WAY to long!!! I personally have lost out on good buys due to the slow transaction times for funds, and not everyone wants to or should have to pay extra to have more funds clear quickly. If you want to be number 1 you have to provide the best services to the most amount of people, period, or people will go elsewhere or use part of your platform and parts of others platforms. If you go above and beyond on what I have mentioned I believe that Robinhood could actually dominate this space but I doubt that anyone is actually reading this anyway….Show lessUnfried88
Easy to Use; Wealth of Information.
Robinhood made it possible for a “little guy” - like me - with little money and little experience in investing to invest slowly as I could afford it without jeopardizing my financial base, and learn as I went along. The absence of trading fees meant that I could trade efficiently without losing my principal, and if I suffered a small loss (which almost never happened) I was not punished even more by the transactional costs. I have an investment account with Merrill, but it is slow, hard to access, provides massive amounts of information that only a seasoned trader could begin to understand, and I have to wait and wait and wait and wait to use my money once deposited. With Robinhood I have actually become an Investor (not just a “trader”) and I have seen my portfolio in good companies grow and grow. By Warren Buffett’s standards of volume, my portfolio is minuscule. But Robinhood gave me a chance I would never have had if I had to rely on the “regular” stocks, securities and investment avenues. Encouraged by the modest success I have had through Robinhood, I have actually started a regular investment program in good, solid, companies. I thank my lucky Stars that Robinhood was available for me when the time was right for me. No other investment platform or house or bank would have done what Robinhood did for me.Show lessMagic Poet
Developer Response
That’s great to hear! Thanks for being a part of the Robinhood team.Associate Professor
I have tried other self-directed investment apps/environments, and Robinhood is hands-down the best! To start with, commission free trading allows you to make (practically) unlimited tweaks/optimizations to your holdings, and to react quickly (as fast as humanly possible - computers are obviously faster) to changes in the market. Real-time alerts and market analysis gives you important up-to-date information to inform these decisions. The month of free Gold Member status (currently need to enable this manually), which comes with instant deposits, is a great way to fund your account and start building your portfolio quickly (I haven’t tried transferring money out as yet, but this will likely take 5 business days). The phone app is very user-friendly, making various types of trades simple and convenient. The only bad thing is that trading in Robinhood is ADDICTIVE, and don’t be surprised if you want to spend several hours per day (or night, with cryptocurrencies) trying to optimize your gains. Some suggestions for improvement include (1) access to other types of cryptocurrencies and the ability to do more complex trades beyond just market or limit orders, (2) the ability to ‘shift’ the time range being displayed on market data plots (e.g. to center a 1 week display range to be centered a few days/weeks in the past), (3) the ability to do more advanced analysis of market data by superimposing trend lines/curves.Show lessStevo777333
Developer Response
Thanks for your suggestions! We always appreciate when our customers come forward with ideas on how to improve the app.I like it.
Great access to most the companies I look to buy and sell shares. Decent research at a glance on many companies. I really love the ipo access and think that’s a niche they could really expand and do well with. Decent margin rates. Really need to expand availability of different crypto, however I like the security of not having to protect a wallet, and staying in the Robinhood universe. Nice easy options for trading on limits etc… I wish there was an option to extend those options over an extended period of time rather than just a trade day. I don’t like that Robinhood sells and buys through a premium for extra money. For active trading that adds up. If your buying and holding, not a big deal. I think it’s a greedy game they play on that front and wish it was more transparent what the margin of profit was for Robinhood on each trade. Overall, positive. I would really enjoy an automated investment program that E*TRADE has and vanguard, making the management costs down and just a place to put investment without worrying of buying and selling. Would be good for those who don’t want to actively manage their portfolio. Also would help in taking irrational decisions making out of the equation. I would like an option for a algorithm that does the management process for me for a portion of my portfolio. So if I got ill, sick, or died, it would be easy to transfer into that option…Show lessClifftown
Love App , company and democratized breakthrough
I remember back in 2013 I started to invest in Stocks with a Scottrade brokerage firm and each time you make a transaction you pay $7 fee. So, basically for buying a single stock you have to pay $7 and selling another $7. At the end of the day your profit meter will always start after $14 at any given point , beginners don’t find it viable option that each time your profit has to be -$14 plus federal taxes at the end of year. I have been using this product almost since 2014 or 15 cannot remember but cannot think for a better app than robinhood. There are lot of other wealthy brokerages firms and rich people who try to criticize robinhood mission and only want the rich to be rich. For average American joe or immigrants , robinhood has against all odds have provided a platform so simple that everyone can start investing for future.
When a person tries to a breakthrough something established for years they definitely face a lot of flak and criticism from people who have been rich holding stocks for decades but millennials want to improve their life today! At the same time think about future. Everyone needs are different.
Long story short, stock and options trading is phenomenal and crypto there is still room to improve and add more currencies. Also, I would definitely be interested in what company has to offer long term for assets management.Show lessPatel Ankit (newark)
Developer Response
Thanks for taking the time to write an in-depth review. We appreciate you taking the time to share your thoughts regarding Robinhood! We're glad to hear that you're joining us in democratizing the financial system!Horrible for crypto
I’m in college and decided to start investing for long term. Had a few GME shares through the whole WSB craze and honestly wasn’t upset with Robinhood during that time. HOWEVER, I started reading crypto at high volumes, purchasing and selling at $10k at a time. And I noticed they take a cut WITHOUT TELLING YOU. I know the price you submit your request at is not guaranteed, but the fluctuation is far too few in between to be the reason why my sale price was so far off of my ticket submission price (there’s only 1 second in between these two things). Started to look into it and yeah, it’s pretty fishy. If you are profiting at a small amount, they lead you to believe you gained money by using psychological tricks (colors of the chart and the positive earnings calculations), but if you actually look at what gets put into your money that can go back into your pocket, there’s some money missing. It’s not a crazy chunk but I have lost a couple hundred where they have led me to believe I’m profiting just above the breaking even point. And if you think about it, when they do it to thousands of people, they are reallly profiting off of it. Such a bummer because it’s so dishonest. Also a bummer bc I am a huge fan of the Robinhood snacks podcast! They shouldn’t hide in the fine print the fact that they take a bigger portion of your earning than you are lead to believe. Super disappointed since everything else is goodShow lessSarahgamer1235647
You guys could be the driving force to become the best
Let be very real you dropped the ball. Having the people behind you is what makes you a hands down best app to be had. Regardless of why you had to restrict, why you had to put holds on buying shares it was not communicated clearly and this is where the disconnect come from. You must remember it is not your money that was on the line it is your customers money that was being held from them. I am a new investor. I like how easy your platform is, I like the fact your charts are easy on the eyes and I can read them. What I do not like is that since this disconnect there really has not been anything directed to your customers. Yes, some statement here an interview there, but I don’t care about why you had to do what you did I want to know how you feel about me. Your decision ultimately moved the market and yes although is was not just you it was just you because you are my voice and I use your platform. I have not removed my money from my account prove me right that I think you can be better then this last week
2nd review: I really like how you have come under fire and still was their for customers. I thought that I definitely would leave, but so glad I did not. Keep education at the forefront of investing. This is the way. I now have given you four stars.Show lessTy1364
Thoughts on RH after 3 years
I’ve used RH for just over 3 years. I’ve learned a lot in general in trading as well as appreciate the ease of use/user friendly interface for new investors as they get into the market. In my opinion, you invest your money RH should be treated as a tool. That said, recent discussion on limits on buys/sells whether it’s a liquidity issue or something else has me seriously considering movement away from this platform. I have several brokerage accounts and to be limited is frustrating to say the least and has serious financial impacts on individuals. I will give RH one more chance moving forward as I have most recently chalked the issues up to “growing pains”. If RH plans to go IPO and succeed it will need to seriously navigate this ^^^ “liquidity situation” and ASAP. At the end of the day i simplify it to the core principle, I give you my money so you can make money and when I want my money you give me it back. I refuse to become desensitized to these “liquidity issues” should they continue and intend to speak with my money then. I continue to be cautiously optimistic about RH and look forward to seeing what changes will be implemented with the talks about adding more crypto and functionality, to include wallets etc. This is intended to be a constructive review and any news on RH I tend to take with a grain of salt until I am able to experience it on my own.Show lesscautiously optimistic investor
