1. Restricted region of analysis:
If you cannot pay for transactions, you can't do everything. This shows that Robinhood offers limited services in terms of research and training. This isn't a killer for the right type, but a defining moment for prospective buyers, as they mostly want their broker to give them frequent substantial advice.
2. No pension records:
There are presently only single, payable profiles accessible. Combined or spousal accounts are not accessible.
3. Bad customer service:
Robinhood's customer service is terrible judging by comments from the Internet.
4. Limited feature:
Robinhood has everything to do with the development of complicated options trading.
5. Not always simple
I'm a Millennial, a digital resident, not a logical person, and the very first time I found it difficult to find out how to get in business. Finding what you want out of the app is not always straightforward. But when you figure out how to trade, it becomes a cakewalk.
6. Postponed information:
Quotation, information up to 20 minutes can be postponed.
7. No Index funds or Bonds:
Robinhood does not endorse index funds or treasuries expenditure right now.
8. Going to sell your market volatility:
Here is one of the secrets of how Robinhood can free trade – the firm provides its heavy-frequency retailers with its order flow, so they can predict the industries and gain better prices from people, such as yourself.
In other words, the operation from Robinhood allows these merchants to press dollar bills on each exchange (or fractions of dimes), buy from you at a lower cost and sold it for a higher price.