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DansDeals Forum => General Discussion => Topic started by: benjie1305 on December 25, 2014, 08:33:14 AM

Title: Robinhood
Post by: benjie1305 on December 25, 2014, 08:33:14 AM
I was seeing and reading a lot about Robinhood in different parts of DDF and figured that it makes sense to give it its own topic.

As it just came out of BETA, and is the newest commission free stock trading platform for mobile devices, I feel like there will be lots of talks about how it will fare, how people tend to use it and what peoples experience/issues with it are going to be.
Title: Re: Robinhood
Post by: ShlockDoc on December 25, 2014, 11:20:35 AM
There are A LOT of people ahead of me in the reservation queue.
Title: Re: Robinhood
Post by: MAJ on December 25, 2014, 01:37:44 PM
How does one figure out how much they charge on a margin Account?
For example, if I wanted to buy 20 stocks to day trade on margin I can buy them on motif investing and pay a flat fee on $10 in and $10 out or use robin hood and pay a margin fee, which is cheaper?
Title: Re: Robinhood
Post by: 12HRS on December 25, 2014, 06:55:11 PM
Anyone know if they will let you make he account an Ira or Roth ira
Title: Re: Robinhood
Post by: Ephraimh on December 25, 2014, 07:01:29 PM

There are A LOT of people ahead of me in the reservation queue.
1 invite left
PM if you need
Title: Re: Robinhood
Post by: Ephraimh on December 25, 2014, 07:09:00 PM

PM if you need
Gone.
Title: Re: Robinhood
Post by: killamatic12 on January 01, 2015, 04:36:59 PM
I would like to start day trading. Can anyone give me tips on the best way to learn the basics of regular stock trading as well as currencies. I'm sure like trading for dummies or something. I would probably look into that but I tend to learn by seeing as opposed to reading. I was thinking of buying an online course from bullsonwallstreet.com, any ideas?
Title: Re: Robinhood
Post by: madopo on January 02, 2015, 03:36:57 AM
There are A LOT of people ahead of me in the reservation queue.
+ 1,000,000 :)
Title: Re: Robinhood
Post by: madopo on January 02, 2015, 03:40:04 AM
I would like to start day trading. Can anyone give me tips on the best way to learn the basics of regular stock trading as well as currencies. I'm sure like trading for dummies or something. I would probably look into that but I tend to learn by seeing as opposed to reading. I was thinking of buying an online course from bullsonwallstreet.com, any ideas?
I'm sure there is a different forum for this, that said, a successful day trader recommended "Reminiscences of a Stock Operator" Amazing book. Not a course though.
Title: Re: Robinhood
Post by: aj26 on January 02, 2015, 07:47:39 AM
I would like to start day trading. Can anyone give me tips on the best way to learn the basics of regular stock trading as well as currencies. I'm sure like trading for dummies or something. I would probably look into that but I tend to learn by seeing as opposed to reading. I was thinking of buying an online course from bullsonwallstreet.com, any ideas?

Get a real job
Title: Re: Robinhood
Post by: ShlockDoc on January 02, 2015, 09:13:43 AM
I have a few invites. PM me your email and I'll send them out.
Title: Re: Robinhood
Post by: killamatic12 on January 02, 2015, 09:29:34 AM
I'm sure there is a different forum for this
I was going to also post this in "stocks" forum but then I read the rules: no double posting so I just decided to leave it here
Title: Re: Robinhood
Post by: Oceanblue on January 12, 2015, 01:27:40 PM
I just got my invite.  Waiting on the deposit from my checking account. 
What I did to jump ahead of the queue was to refer using temporary email addresses. Just google temporary email and you'll find plenty that last 10-30 minutes long. Make a bunch of temporary emails for your referral link and I jumped 300,000 spots down to 50 this weekend, then got the invite this morning.
Title: Re: Robinhood
Post by: killamatic12 on January 12, 2015, 04:12:16 PM
I just got my invite.  Waiting on the deposit from my checking account. 
What I did to jump ahead of the queue was to refer using temporary email addresses. Just google temporary email and you'll find plenty that last 10-30 minutes long. Make a bunch of temporary emails for your referral link and I jumped 300,000 spots down to 50 this weekend, then got the invite this morning.
genius lol
Title: Re: Robinhood
Post by: Palm5 on January 12, 2015, 04:55:33 PM
Keep in mind...... If you have some basic experience in trading, you will know that the $10 saved is not worth it for the following reasons.

1) no margin yet
2) full 3 day settlement (some brokers count trade date as one day)
3) no OTCbb trading yet
4) no options
5) no level 2

So for those that want to trade only mid-large cap stocks, and have plenty of money in the account to hold you over through the settlement period, this is for you.

For those that realize the $10 saved is not a savings at all...... This is not for you.

With that being said, I do use robinhood but for stocks that I'm holding mid to longer term.
Title: Re: Robinhood
Post by: SMS331 on January 28, 2015, 11:54:08 PM
Just got 3 more referral links. PM if interested.
Title: Re: Robinhood
Post by: SMS331 on March 02, 2015, 02:14:24 PM
I have 3 more invites if anyone's interested.
PM me for the referral link.
Title: Re: Robinhood
Post by: Shmelly on March 06, 2015, 10:26:48 AM
Just got my invite but I don't have IOS. (Was hoping it would be released for android by the time I got my invite.) Invite expires in 2 days so post here if you want it and I'll PM you the invite.
Title: Re: Robinhood
Post by: springles on March 06, 2015, 10:56:45 AM
Just got my invite but I don't have IOS. (Was hoping it would be released for android by the time I got my invite.) Invite expires in 2 days so post here if you want it and I'll PM you the invite.
you can sign up now without the app and then just wait till the android or web version to trade
Title: Re: Robinhood
Post by: Shmelly on March 06, 2015, 12:10:48 PM
you can sign up now without the app and then just wait till the android or web version to trade
Thanks! Offer's off the table guys.
Title: Re: Robinhood
Post by: asandler on March 06, 2015, 05:04:12 PM
Have an invite PM
Title: Re: Robinhood
Post by: joxxer on March 07, 2015, 10:57:38 AM
any invites ? would love one if possible :)
Title: Re: Robinhood
Post by: asandler on March 07, 2015, 11:18:37 PM
any invites ? would love one if possible :)
Did you get one yet? If not I have one.
Title: Re: Robinhood
Post by: joxxer on March 08, 2015, 02:04:51 PM
Did you get one yet? If not I have one.

Yes I did thanks :)
Title: Re: Robinhood
Post by: nis965 on March 08, 2015, 05:50:21 PM
I would appreciate an invite if someone has.  Thanks!
Title: Re: Robinhood
Post by: SMS331 on March 08, 2015, 11:30:50 PM
Here are 2 more. Please post when you use them


https://www.robinhood.com/signup?invite_code=WXG8FYHQ
https://www.robinhood.com/signup?invite_code=EHMGWPSR
Title: Re: Robinhood
Post by: yakrot on March 09, 2015, 01:35:52 AM
I used the first code you linked WXG8F....thanks
Title: Re: Robinhood
Post by: nis965 on March 09, 2015, 09:54:37 AM
I used the second. Thanx!
Title: Re: Robinhood
Post by: joxxer on March 09, 2015, 02:11:29 PM
is it a hard pull to open an account ?? my CRs are frozen and I got an email asking me to unfreeze my experian .. ?
Title: Re: Robinhood
Post by: Shmulie on March 09, 2015, 02:18:15 PM
is it a hard pull to open an account ?? my CRs are frozen and I got an email asking me to unfreeze my experian .. ?
No I dont think so it never came up on my CR
Title: Re: Robinhood
Post by: joxxer on March 09, 2015, 03:35:41 PM
No I dont think so it never came up on my CR

Hmm yea i got the email to unfreeze my experian in order to complete account approval
Title: Re: Robinhood
Post by: eAge on March 12, 2015, 02:11:41 PM
"The app officially launched Thursday"

Huh? I've had a couple of months

http://money.cnn.com/2015/03/12/investing/robinhood-app-free-trading-millennials/
Title: Re: Robinhood
Post by: menachem_m on March 12, 2015, 10:08:51 PM
You can sign up now for the Android beta.

https://robinhood.com/android/beta/
Title: Re: Robinhood
Post by: asandler on March 13, 2015, 12:11:48 AM
https://www.robinhood.com/signup?invite_code=GAFWEYUO
https://www.robinhood.com/signup?invite_code=VXI97WPM
https://www.robinhood.com/signup?invite_code=KMKTYXNL

Post if you take one
Title: Re: Robinhood
Post by: joxxer on March 13, 2015, 02:47:08 PM
needed to unfreeze my experian so they could verify my identity .. account approved
Title: Re: Robinhood
Post by: meshigina on March 19, 2015, 01:25:48 AM
There is way too much overheard for an online stock trading company to stay in business with revenue simple from margin and unused cash in your account. I don't think this company will be around too long despite them being backed by some very big venture capitalists.
Also you get what you pay for, these trades might take a fee hours to get executed, since they most likely don't gave direct market access.
Title: Re: Robinhood
Post by: yuneeq on March 19, 2015, 01:40:03 AM
There is way too much overheard for an online stock trading company to stay in business with revenue simple from margin and unused cash in your account. I don't think this company will be around too long despite them being backed by some very big venture capitalists.
Also you get what you pay for, these trades might take a fee hours to get executed, since they most likely don't gave direct market access.

1) deposits/withdrawals take 3/5 business days each way, they collect interest on that
2) collect interest on any cash held in accounts
3) they sell options and other financial priducts. Only simple buying and selling of equities is free.
4) it doesn't cost so much nowadays to push 1's and 0's from one computer to the next.
5) if costs end up to high they can limit the amount of free trades per month and people will still stay.
Title: Re: Robinhood
Post by: Dr Moose on August 13, 2015, 09:18:31 AM
Now available from the play store

https://play.google.com/store/apps/details?id=com.robinhood.android
Title: Re: Robinhood
Post by: Shmulie on August 13, 2015, 09:26:36 AM
Now available from the play store

https://play.google.com/store/apps/details?id=com.robinhood.android
Not compatible with my phone  :'(
Title: Re: Robinhood
Post by: KidOOO on August 13, 2015, 09:31:25 AM
Are the trades really delayed as mentioned up thread?
Title: Re: Robinhood
Post by: springles on August 13, 2015, 10:52:07 AM
Now available from the play store

https://play.google.com/store/apps/details?id=com.robinhood.android
its about time
Title: Re: Robinhood
Post by: Ephraimh on August 13, 2015, 02:18:30 PM

Are the trades really delayed as mentioned up thread?
Trades are executed within seconds IME
Title: Re: Robinhood
Post by: Zevi16 on August 13, 2015, 02:34:42 PM
Is there a web version yet? and can it be done from Israel? or specifically only if you are located in USA?
And do i need a invite to sign up (been reading the thread) if yes can i get one please?
Title: Re: Robinhood
Post by: KidOOO on August 13, 2015, 08:49:06 PM
Is there a web version yet? and can it be done from Israel? or specifically only if you are located in USA?
And do i need a invite to sign up (been reading the thread) if yes can i get one please?

There is no web version, i don't see why this can't be used from israel as long as you can sign up as a US person with a US address

No invite needed

https://www.robinhood.com/signup/
Title: Re: Robinhood
Post by: Yehuda25 on December 08, 2015, 03:53:05 PM
is it a hard pull to open an account ?? my CRs are frozen and I got an email asking me to unfreeze my experian .. ?
its a soft pull.
Title: Re: Robinhood
Post by: Yehuda25 on December 08, 2015, 03:53:39 PM
Keep in mind...... If you have some basic experience in trading, you will know that the $10 saved is not worth it for the following reasons.

1) no margin yet
2) full 3 day settlement (some brokers count trade date as one day)
3) no OTCbb trading yet
4) no options
5) no level 2

So for those that want to trade only mid-large cap stocks, and have plenty of money in the account to hold you over through the settlement period, this is for you.

For those that realize the $10 saved is not a savings at all...... This is not for you.

With that being said, I do use robinhood but for stocks that I'm holding mid to longer term.
"For those that realize the $10 saved is not a savings at all...... This is not for you."

Care to elaborate?
Title: Re: Robinhood
Post by: yuneeq on December 08, 2015, 04:03:08 PM
"For those that realize the $10 saved is not a savings at all...... This is not for you."

Care to elaborate?

Umm did you read the rest of his post?
Title: Re: Robinhood
Post by: Yehuda25 on December 08, 2015, 06:14:03 PM
Umm did you read the rest of his post?
Yes. I'm not familiar with stock terms, so I did not understand what he meant.
Title: Re: Robinhood
Post by: yuneeq on December 08, 2015, 08:13:47 PM
Yes. I'm not familiar with stock terms, so I did not understand what he meant.

Basically you get what you pay for.
Robin Hood is free and therefore you won't get too many basic or advanced option.
Title: Re: Robinhood
Post by: Yehuda25 on December 08, 2015, 11:58:30 PM
Basically you get what you pay for.
Robin Hood is free and therefore you won't get too many basic or advanced option.
thanks!
Title: Re: Robinhood
Post by: tjak on December 13, 2018, 10:26:51 AM
https://www.cnbc.com/2018/12/13/robinhood-goes-after-banks-with-checking-and-savings-accounts.html
Title: Re: Robinhood
Post by: Shauly101 on December 13, 2018, 04:13:15 PM
https://www.cnbc.com/2018/12/13/robinhood-goes-after-banks-with-checking-and-savings-accounts.html


https://share.robinhood.com/cs-shayae1

Title: Re: Robinhood
Post by: yitzf on December 14, 2018, 10:23:42 AM
No FDIC.
Robinhood claims the'll have SPIC coverage for the checking and savings accounts, but DOC quotes from Barrons
Quote from: http://outline.com/NhsX7E
“SIPC protects cash that is deposited with a brokerage firm for one limited purpose...the purpose of purchasing securities,” wrote Stephen P. Harbeck, the president and CEO of SIPC. “Cash deposited for other reasons would not be protected.”
Title: Re: Robinhood
Post by: travel-ing on December 14, 2018, 12:10:34 PM
https://www.cnbc.com/2018/12/14/sipc-chief-raises-concerns-to-sec-about-robinhoods-free-checking-accounts.html
Title: Re: Robinhood
Post by: ChaimMoskowitz on December 14, 2018, 04:57:18 PM
Stay away from this one.
Title: Re: Robinhood
Post by: Yehuda25 on December 16, 2018, 12:13:08 AM
Stay away from this one.
Because of?
Title: Re: Robinhood
Post by: Yaalili on December 16, 2018, 12:16:09 AM
Because of?

No FDIC insurance.
Title: Re: Robinhood
Post by: Yehuda25 on December 16, 2018, 12:18:31 AM
No FDIC insurance.
Well SPIC in theory would have covered it...

Now it gets murky though, as its not officially designed for that.
Title: Re: Robinhood
Post by: Yaalili on December 16, 2018, 12:31:02 AM
https://www.axios.com/robinhoods-new-checking-account-b2b0df32-40c6-4bd1-b336-2408b27f16b0.html
Title: Re: Robinhood
Post by: yakrot on December 16, 2018, 12:52:41 AM
https://www.cnbc.com/2018/12/15/robinhood-to-re-brand-savings-account-plan-after-widespread-criticism.html
Title: Re: Robinhood
Post by: Arejay on December 16, 2018, 09:33:56 AM
Well SPIC in theory would have covered it...

Now it gets murky though, as its not officially designed for that.
&feature=share
Title: Re: Robinhood
Post by: Pad18 on December 17, 2018, 01:26:16 PM
https://www.bloomberg.com/amp/opinion/articles/2018-12-17/robinhood-checking-moved-fast-and-broke
Title: Re: Robinhood
Post by: ad120 on December 19, 2018, 03:33:57 AM
Kearny Bank Checking: 3%

Terms

make 10 monthly debit card purchases
sign up to receive eStatements
have at least one direct deposit or automatic payment post and clear your account once a month
Title: Re: Robinhood
Post by: Yehuda25 on December 20, 2018, 12:24:41 AM
Kearny Bank Checking: 3%

Terms

make 10 monthly debit card purchases
sign up to receive eStatements
have at least one direct deposit or automatic payment post and clear your account once a month
Lol.

On balances up to 25,000, if account qualifies. Balances over $25,000 earn 0.25% interest rate on portion of balance over $25,000, resulting in 3.05% - 0.25% APY depending on the balance. Non-qualifying accounts receive 0.05% APY. Initial deposit of $50 required to open account.
Title: Re: Robinhood
Post by: Am on January 27, 2019, 10:03:01 AM
Anyone else have the issue of not getting your free stock when referring a friend?
Title: Re: Robinhood
Post by: Yehuda25 on January 27, 2019, 11:29:41 PM
im fighting with acorns for a similar issue...
Title: Re: Robinhood
Post by: Mordyk on April 30, 2019, 10:49:47 AM
finally starting to monetize

https://support.robinhood.com/hc/en-us/articles/360026472391-New-Changes-to-Robinhood-Gold
Title: Re: Robinhood
Post by: ludmila on April 30, 2019, 01:00:11 PM
finally starting to monetize

https://support.robinhood.com/hc/en-us/articles/360026472391-New-Changes-to-Robinhood-Gold
Not bad for $5 for Nasdaq Level 2.