Do you think Robinhood is worth using for investing?

Question

Looks like they had a history of controversies. The January 2021 GameStop Short Squeeze for example was a big one. The March 2021 outages and recently the restriction of trading Dogecoin. Should I trust Robinhood or should I try something else

? · Answer

well I know a guy who is 40 years old and uses it and he seems content.

? · Answer

I traded, bough and sell in Robinhood before, I have thousands of money in there, and they don’t charge me $1. It’s easier and cheaper then traditional  stock trading platforms

kswck2 · Answer

Stay away from Robinhood. They may well not be around for much longer anyway.

? · Answer

If anyplace raises questions of the questionable kind, you should say hell no to temptation and use something reputable.

A Hunch · Answer

Robinhood is for little kids who want to be cool, say they are "investing", have no idea what they are doing and think free trades are free.
Robinhood has employees.  The employees need to be paid.  If they don't have any revenue, then there is no money to pay employees.

Anonymous · Answer

Why would you use a site that crashes all the time? Other than the cool name, you want a trading platform that you can buy and sell your stock right away

Do you think Robinhood is worth using for investing?

6 Answers