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RE: Just Got a Lovely Letter From Robinhood.

in LeoFinance4 years ago

Well, that's disturbing.

I can't speak with any authority because I'm very new to the stock market myself and also never used Robinhood - I don't even think they operate in my country - but, is switching brokers an option? I'd try to steer away from such a company if it wasn't too much of a hassle!

Posted Using LeoFinance Beta

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Probably what I'll be doing shortly. It's a pain in the rear. I switched from TD Ameritrade to Robinhood a couple years back and it's not a fun process. Most likely what I'll do now. I still have a TD account but the fees are terribles. Seems they have a fee for everything.

Posted Using LeoFinance Beta

Right... I haven't considered the fees... It's probably gonna be a pain in the rear indeed...

Anyway, good luck with the switch if that's the way you go!

Posted Using LeoFinance Beta

You can change brokers and have all of your shares transferred. I have done this before. I was actually selling my shares through Fidelity--not an endorsement as I have only used Robinhood, Fidelity, and Vanguard. I don't know who the best broker would be.

Posted Using LeoFinance Beta

I've been thinking about e-trade. I'm going to have to do some research. I really did love the simplicity of the Robinhood app though. I've only got a few positions left open which should make the process much simpler.