May I suggest you show your wife and her sister this: "Why are high-frequency trading firms willing to pay over 10 times as much for Robinhood orders than they are for orders from other brokerages?" https://www.zerohedge.com/news/2018...ions-selling-users-data-high-frequencstealing
There's an interesting argument being made that users that go debit can countersue for RH's negligence. Either that or declare BK. Either way given WSB's audience, both are wins. Shoutout to @Pekelo : great minds think alike.
Color me not surprised. Robinhood is a gambling app, not a serious broker. It looked like they might have been getting their sh*t together after the "checking account" blunder, but evidently that amounted to hiring a bunch of lawyers and lobbyists rather than folks with experience trading, or actually running a brokerage. No reason at all to have a single cent deposited with them.
It hit the news an hour ago: https://www.bloomberg.com/amp/news/...a-glitch-that-gives-traders-infinite-leverage Also it looks like RH is freezing the posters' accounts.
They neither care nor understand this. While they laugh at me when sometimes I’m telling them about my orders and they try to copy me but get their fills first or get fills at all while I can’t. I seriously would consider Robinhood just for better fills. Whether it’s their internal pool or Citadel’s, I witnessed better fills on Robinhood several times. However, I did not pay attention when my fills at IB were better. I only get laughed at when I cannot get my orders filled but robinhood users can.