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Experience Improvement Suggestion
This has been a fantastic app in all the time that I’ve been using it. Since about 2017. There have been many new additions since then. One of them being analyst ratings where we can see how many analysts provided a rating, and what percent said said buy, hold, or sell. This has been quite a useful gauge (along with others) for investing. That being said we all know time marches on and opinions change. Unfortunately I have not noticed any relevance to time in this analyst ratings feature. Perhaps these ratings are updated weekly. However, without knowing at what time the ratings were made it’s hard to tell how a stock, like GOOG, would be rated after some news comes out, like the antitrust inspection. Surely we can look at the rating description to see if it mentions anything about this news, but it still doesn’t address the main concern. That is when did each analyst rating actually happen. 30 could have been before a big news break and perhaps only 7 after. Making for a possibly inaccurate rating. Perhaps the news has nothing to do with these analysts ratings and it’s all about the companies numbers. In such case public opinion has no impact on ratings and thusly time is not as important. However it would still be nice to know when the ratings were made or last updated.
Amazing for starting out in stocks
I am on Robin Hood everyday when the market open. Trades are free and there are truly no fees to pay unless you get the gold membership. I love this app so much. It is easy to start out because you don’t have to pay per trade like most companies charge. And that can be pricy especially for someone starting with only a few hundred dollars. You cant even start out if you are getting charged 10 dollars per trade. Not only that but Robinhood also trades options which are a great bonus if you’re into that. Everything is very convenient and easy to follow. They’ve had quite a few big updates that have helped out like candlestick charts and now their debit card system. I hope you guys keep growing because it helps me and my investments grow. All in all this is great for someone looking to start their stock portfolio at a cheap price. I do have to say that it is better to get information on investing else where but that’s not a big deal because when investing I feel like you search a million websites for the best information anyways. I’m sure there’s stuff I missed but I truly love this app. Thanks so much developers for making this. You guys rock!!! One more thing. Every time I have contacted customer support they have been so helpful and have gotten back to me either within the day or the next day!!
Freedom IS Actually Free!
Time is the number one advantage you have when investing. Or so my grandfather told me. For years, however, I waited and put off investing until I had “enough” money to make the fees most brokers charge worth it. But I never seemed to have “enough” and I hated waiting (and therefore wasting the magic of compound interest). Robinhood took away my excuses and not only made it ridiculously easy, but completely FREE to invest. I’ve been using the app for over 3 years now and I’ve never spent a dime. And by referring the app to friends, I’ve received 15 FREE stocks from Robinhood (worth $65). The design is intuitive. The financial charts are easy to understand, without being overwhelming. The always up-to-date links to the latest news stories about the individual stocks are really helpful; over time, just reading little by little, I feel my knowledge about investing has grown thanks to those links. I’m mainly interested in long-term investments, but the few short term trades that I’ve made have been a breeze. I’m not that wealthy, yet, but honestly this app is one of my favorites on my phone because watching the dividends come in and the compound interest grow year-by-year genuinely makes me happy. Robinhood is simply complete financial peace-of-mind in a beautifully designed app. I can’t thank its creators and designers enough!
Senior Tax Accountant
Love this app! This is been instrumental for so many people I know in their understanding of investing, financial planning, and general financial health. Amazing, easy-to-use user interface. Love the free stock for referrals, love the selection of securities, and love the cash management. My only gripe is perhaps updating the Dividend Yield, PE ratios, etc. to the current security information (current price, current dividend payout, etc), showing the performance over a period of more than 5 years (i.e. 10 years, ALL-TIME), and having a more robust, advance information base. RobinHood has and is solving a market problem by offering an investment solution for the masses, highlighting the fact that investors should understand what they are doing and what they are investing in. This is an incredible tool and resource on how anyone can improve their financial position, condition, and health through investing. This isn’t something just for ultra rich. This is available to everybody. Just have to have the determination, perseverance, and the mental fortitude for all our decisions about money (from all that online shopping to buying premium brands to feeling like you “need to splurge” yourself to make you feel better (you really don’t need it) and sky is the limit. Excited for people interested in this app and in their financial future.
Great idea but lousy service
I have been using this app for about a year. I have used e trade for many years but wanted to save money on my trades. The app works fine. The company however is very shady. On more than 1 occasion the trade price increased right when i bought it. Every time I end up paying the difference. The customer service is horrible you can’t talk to anyone and it’s all generic email responses that don’t even respond correctly. Just recently I signed up for their Robinhood Gold which is their margin account product. It was initially advertised as use it and they will charge $15 a month if you have a balance. Then it changed to $15 a month if you have a balance or not. I have been trying to cancel it for 2 months now. I’m still getting charged $15 a month for nothing. There is no way to call in and the robot emails from customer service are programmed to refuse any inquiry that involves a refund. I like the price but with the hidden charges every where and the lack of caring for their clients I might go back to e trade. Free trades sound good but obviously they need to make money so they have a business plan of hidden fees and secret support that you can’t talk to a live person. I wouldn’t trust this site for your entire portfolio.
Great and easy
Robinhood is by far one of my best ways i invest or watch stocks. I trade alot but its the trades that make u profit, the app is good, i love it, easy to view and read and they teach you about investing and the rules and what not to do. I use webull and been loving that app, its alot differnt and has more community to talk to but robinhood is all around attractive to the sight,especially for investors but my only thing about robin hood, is that the developers should maybe try add more charts and quotes to read the stocks more precise and up close from min to min to watever. Webull has alot of chart choices and you. An set it up to your specifications as robinhood only has two types of charts. Which is still precise!!! And on target. Theres nothing wrong with it, just would love more opportunities viewing and watching stocks. But the set up is perfect. Im a user of robinhood and i have nothing bad to say about it. My experience has been great and i give thanks and appreciation to robinhood and the makers of it. For my opinion on apps, its best to try a few and see wat u like and whats easy for you to learn on and from. Download robin hood, my opinion, also webull. Its great to have the two apps for stock traders or investors! Thanks happy holidays! Trade Smart
I love Robinhood. I trade almost daily and it’s slowed me to secure an extra income. Well I funded my account about two weeks ago with $2700. I’ve lost about $100 since then. No biggie it happens. So, I go to withdraw some cash out $500 and it’s not letting me. I’ve been contacting customer support and we’ve been talking back-and-forth and my situation should have been resolved today Friday, May 17, 2019. However today I’m not able to still withdraw any funds. My $2590 is on hold “bank holding period.” I understand that these laws are put in place to protect us as investors from other people having access to our funds if we drop our phones etc. however it is unacceptable that in the world of finance that I cannot speak with someone to resolve this situation in an intelligible manner. This all stemmed from me mistakingly deleting my banking information from the application. When I saw I made a mistake I entered in the exact same information I’ve always had in my adult history. For some reason their system can’t recognize my previous information and it sees it as new information. There isn’t one other brokerage that whatever hold my money hostage and from reading the reviews here I’m not the only one. My situation has been heard from customer support however nothing is resolved this is unacceptable. I will continue training with Robinhood only if they can resolve the situation.
Making app suggestions is very difficult
Great app but not-so-great customer support. I just looked everywhere in the app and online to try and find a place where a user like myself can simply recommend a feature for the platform that would be very universal; I could not find one so here I am. There should be a communication platform with live chat by now. The fact that you don’t have it or don’t care to focus on that aspect gets you 2 less stars than you desire. I’m all about communication! People have concerns and questions but you’re not trying to deal with people directly. You want people to get frustrated before they get in touch and that’s not good for business. Anyway, I suggest that you add a ‘SORT’ FEATURE on your platform so that users can switch their WATCHLISTS around based on different options like ‘SORT BY CURRENT PRICE’, ‘SORT BY %’ and/or ‘SORT BY AMOUNT INVESTED’. Just think if you have over 20 or 50 stocks on the watchlist buy you have “no control over what you’re looking at” because there is NO SORT FEATURE! Please add this and everyone will thank you for it!!! Thanks for listening!!! I will remove my remarks after you add the feature that will benefit the masses.
They don’t honor the free stock promotion you hear everywhere...
They advertise being the perfect interface for someone who isn’t already part of the stock trading scene. As someone with zero experience looking to learn how to manage a portfolio, I was interested in redeeming that free stock promotion for which every single popular podcast seems to have an ad. At no point in its advertising do they male clear that the promotion expires once redeemed. I signed up with the promotion, was not able to navigate the app well enough to redeem it, and submitted a couple customer service inquiries to help. One representative said they reactivated it for me and made it seem to me that the app would prompt me to redeem it once opened. Since I still did not know how to redeem the offer, I submitted another inquiry. Another representative showed me where to find it, at which point I found the “expired” stock which I had not seen in my account previously. I submitted a third inquiry to help reactivate it, was told, “That’s too bad. Well you can still get referrals!” At this point I expressed disappointment and requested an explanation as to why I could not redeem the offer I never had a chance to redeem. It has been nearly a week and at this time the Robinhood team has still not responded even though in every other instance my inquiries were answered within 1 business day. Unless you’re already stock savvy and looking for a clean app, I would not recommend this service.
Non-Existent Customer Service
PLEASE BE AWARE THAT IF YOU ARE TO DOWNLOAD THIS APP; YOU WILL NOT BE ABLE TO GET INTO CONTACT WITH ANY CUSTOMER SERVICE REPRESENTATIVE. I never do this, but I have sent many emails to customer service and have heard nothing in response. After reading bunches of great reviews, I downloaded Robinhood with hopes of a mutually beneficial and long term relationship. At first, the app was amazing. Then, when trying to link my bank account, I ran into a lot of issues. The micro deposits were not showing up in my account. Two tries and three calls to my bank later, my bank account was linked. I transferred some money over and began buying stocks. About a week later, I get an email that my account is now frozen because my bank reversed the transfer, stating that they were unable to find my account with them. Because of this, Robinhood charged me a $9.00 fee. I called my bank and they told me that they said no such thing to Robinhood and that from their perspective (and mine as well), the accounts were properly linked and I had enough money in my account to cover the transfer. They basically told me to get into contact with Robinhood and that this was not their first issue with customers using the app. In the past 5 days, I have sent 3 emails to Robinhood, but to no avail. Now I owe them money and have no way to pay it back because they automatically unlinked my account... this is a nightmare. I can’t even close the account. BUYER BEWARE!!!
Definitely Not “Free”
This app is free to download, easy to set up, and easy to make trades. But, when you want to exit a trade (especially in options) you get one of the worst fill times I have EVER seen. As a matter of fact, 100% of the time, in order to get a fill I have to adjust the limit price in Robinhood’s favor and to my disadvantage. RH has fooled all of us into believing that it’s free by packaging up their platform in a beautiful mobile app and then screwing us all with terrible fill times (and prices), delayed data, no Level II data, and the platform lags out on me during peak times of the day. I’ve missed out on opportunities because of the lag, lost hundreds in the form of terrible fill, and when I try and call their customer support number, it’s on an automatic voicemail. Additionally, customer support takes forever to respond, it took me over a week to get my account approved, and now I can’t get any of my LAST orders filled so that I can move to Tastyworks. I am disgusted by the people behind Robinhood; how could you deceive such a large population of people so easily? If you’re a new investor, try out Robinhood. If you’re day trading or even looking to trade options, please PLEASE just understand that for where Robinhood gives you “free” perks such as zero commissions and a great platform, they make up for ten fold in poor/slow customer service and money-robbing fill times.
Shady company! 0 customer service, can’t get money out!
I never take the time to write reviews, but after well over a week and a half of not having access to my money and no contact from Robinhood, I feel like I need to start making a little more noise to see if anyone actually works there. After waiting for my cash to settle in my account, it states an amount available for trade and yet I can only close positions. When I didn’t receive any response about resolving this issue, I decided to withdraw my money and take it elsewhere, it says the request for withdrawal is denied. Ok, I use their support link to find what could be the problem, since no one ever responds to the emails, and it says you need to wait 5 trading days after a deposit for funds to settle before you can withdraw, and it must be withdrawn to the same account it was from. I waited and made sure I used the same amounts and same account. Nope! Still denied. I have sent well over 4 emails since mid November and still haven’t had any contact from Robinhood except some generic “we are working on getting to your ticket” email. I can’t help but wonder if there is something illegal or unethical happening here. I heard that they make money on the interest of holding my money and that makes senses since they won’t let me leave. I regret signing up for Robinhood gold and for ever joining this joke of a service. Please be warned for anyone who is considering using them!
I read the reviews and was convinced to use this app by my spouse. Well needless to say I had a call that was about to expire. Tried selling day prior and it was cancelled not by me. My call was worth $166 and because now it had to be sold for me I took a loss and was left with $10. Not one warning came through that it was almost time to sell and I have to say this is very poor development and I believe intentional. The notifications are late, if you are in the app watching the data lags and is seriously behind. One view shows one value and selecting the stock you are watching an entirely different. This app does not deserve 1 star. It is laggy, customer service directs you to the help page and when you finally get a message and correct the bull that you are being told you NEVER hear from customer service again. So if you have money you want taken from you unfairly then sure download app. Believe EVERY bad review because it is absolutely true. UPDATE: To the developer who is answering mine and all other bad reviews with SAME response ...you have zero and I repeat zero desire to correct ANY of these complaints. I STILL am waiting for a response form FIRST issue I had. How on earth this app got 4.8 stars is beyond me with all of the negative reviews and editors choice. This app is a SCAM. Same bogus responses on every complaint. Also the LITTLE money I had left I transferred back to my checking and STILL waiting on that deposit.
Who the hell doesn’t like free trades?
Listen, if you’re the type of person who likes to buy stocks or options (especially options) then this app is for you. Don’t get me wrong, it doesn’t have any professionally technical charts or overlays (MACD, Bollinger bands, etc.), but did I mention you don’t pay a commission? I feel like I should repeat that so it sinks in...you DON’T pay commission. If you need the fancy overlays you can always pay for a chart service, but you will still want a house that won’t rake you over the coals every time you want to buy or sell. I personally have an account at a well-known brokerage firm for long trades, ETF’s/mutual funds, and an IRA (only because I had it first, and Robinhood currently doesn’t have mutual funds or retirement accounts) so I can use the fancy charts there, then buy through Robinhood. If you don’t have a broker with said fancy charts, you can get pretty fancy on Yahoo finance for free, then trade on Robinhood, thereby mitigating any fees altogether. Kudos to the team, and once they do add mutual funds and retirement accounts you should buy stock in knee pads, as the major brokerage houses will be needing them when they are on their knees begging you to stay.
Still 5 stars.
Love the idea of spreading investing to the common person. Love the user friendliness/easy to understand format. You have that over Schwab’s app. Sometimes your prices do not match that of the actual, which I’m still figuring out why. I think most of us wonder how you make money aside from gold, a “snacks” article or mass-memo would be appreciated. More than anything though, I wish there was ANY investor support by phone or by article, with some guidance/education/common Q&A about stocks or sectors/trends/other ways to get good yields, risk-potential ratios. I held Tesla and VTI shares and sold them before they jumped 20-40%. I’m new to all of this and I feel like, i was in a good position and sold out of fear, out of emotion. And other brokerages allegedly give advice to stuff like that. Now I’m watching Tesla and vti soar and kicking myself. So I hope one day you develop some way of actually helping an investor”great choice, buy and hold “ or “stats show that this is a smart/I smart move for long or short term” etc because the more robinhood investors turn to emotional traders, the less they will use your platform because they will associate their losses with your app. Otherwise, great job.
No. Robinhood: Investing for All does not seem very safe to us. This is based on our NLP (Natural language processing) analysis of over 2,281,702 User Reviews sourced from the Appstore and the appstore cumulative rating of 4.8/5 . Justuseapp Safety Score for Robinhood: Investing for All Is 17.2/100.
No. Robinhood: Investing for All does not seem legit based on our analysis. This conclusion was arrived at by running over 2,281,702 Robinhood: Investing for All User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Based on this, Justuseapp Legitimacy Score for Robinhood: Investing for All Is 17.2/100.
Robinhood: Investing for All works most of the time. If it is not working for you, we recommend you excersise some patience and retry later or Contact Support.
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