Options
The regulator sets rules and guidelines of whatâs suitable. In this example RH set its own internal policies of who to allow options trading to, but even failed to adhere to these.
Itâs unethical to allow people who you know you shouldnât and whoâll likely get hurt in the process, so you can make a profit. Freedom yes, but when wide spread use is bad for society it should be restricted and controlled.
Robinhood faces questions over business model after US censures - FT
Right, security at the cost of freedom. I certainly havenât seen that excuse before. Itâs no wonder weâre devolving, people canât take responsibility for their actions anymore.
Selling order flow, not news about them but despicable and illegal here for a good reason:
"Robinhood had negotiated rates with these high-speed trading firms that were âsignificantlyâ higher than the deals other online brokerages had cut, leading to inferior pricing or âexecutionâ on its customersâ orders, according to the SEC complaint.
The group earned these higher fees at the expense of its customers who would have saved $34m combined if they had gone to a competitor between 2016 and 2019, the SEC said. The company neither admitted nor denied the charges."
Everyone is responsible for their choices and actions, but so are companies. Robinhood was stealing from the poor and giving to the rich.
Investing with margin at 2.5% interest coming to Robinhood is expected to revolutionise investing and level the playing field for new investors.
The whole Twitter thread is fascinating but to mimic scratch cards for the free share is just crazy 
Difference is, you gotta pay for scratch cards. But I suppose you pay no matter what, thereâs no such thing as a free lunch, after all.
Also alarming: that screen https://mobile.twitter.com/petershk/status/1344289059611369473 where it says âyour first 1k of margin are included. Youâll only pay interest on [margin over 1k]â. Dark design defaults.
Itâs truly shameful to be honest.
Canât wait for Robinhood IPO. WSB will look for revenge 
A number of Lawsuits already filed, They promote themselves as helping the little guy but when it came to it they looked after the big guy.
This must be a first
I think the biggest damage here is that theyâve absolutely nuked their brand image and reputation over in the US. When centre left and hard right & far right politicians/rent-a-gobs are in agreement with each other then you know youâve really done something wrong. Does America have an equivalent of the âGerald Ratnerâ moment?
It looks like that, in the last few hours, theyâve also deleted their long pinned tweet thatâs been at the top of their profile for years:
If the Freetrade team arenât that busy at the moment, are stuck for things to do and need more excitement in their lives then maybe they should launch in the US asap whilst RobbingHoodâs customers are looking for a new platform.
Wow tedcruz and aoc agree! Maybe they both have shares in GME they canât sell 
This is a double edged sword for free brokers - they donât want to discourage interest in stocks from new users, but stonks on the other hand are pretty dangerous and people liable to come up with all sorts of crazy accusations when their stonks go down:
It is a market, and every trade has two sides usually one more informed than the other - if market makers donât want to provide trades, or the market is frozen by curcuit breakers, or they are crushed by demand from users, thereâs very little the brokers that depend on the market functioning can do about that. Itâs really an insidious position for brokers to find themselves in and short term trades are really not going to work out well for retail investors most of the time, or for their broker.
All that said Robinhoodâs approach seems really strange - they should just have taken a neutral position and said there might be problems trading. They probably wanted to avoid legal liability for the potentially massive losses their customers could make on either side of these trades when they canât get in or out (and will blame them for if the app is at all slow or trades fail). Maybe lots of people are margin trading using RH?
A dangerous type of user for Freetrade too IMO - I wouldnât be rushing to try to recruit people who would buy GME.
Is anyone able to access any of the recent reviews on the App/Play store?
Iâve seen screenshots of 1-star ratings but would be interested in the reviews too ⊠although, being in the UK, I canât actually access them.
