Robinhood

Five8

1-2년

Does Robinhood charge a commission per lot on its ECN or raw spread account types?

WikiFX 대답

From my experience and based on what I found in my research, Robinhood does not charge a commission per lot, nor does it offer ECN or raw spread account types typically associated with specialized forex brokers. The platform is primarily focused on U.S. equities, options, cryptocurrencies, and a few other asset classes, but not forex pairs or the ECN execution model. Their main appeal is a commission-free trading structure on their supported products, which makes it accessible for newcomers looking to get started with small deposits. However, the absence of commission should not be mistaken for free trading altogether—fees can be embedded in spreads, and margin borrowings carry notable interest rates, especially for non-Gold accounts. More critically, Robinhood is currently flagged as operating without valid regulatory oversight. This, coupled with numerous user complaints about severe withdrawal difficulties and questionable deposit demands, significantly raises my caution. As someone who values transparency and security, the lack of a regulated environment alone is a reason I would avoid any serious commitment on this platform, regardless of the advertised cost structure. The risks around fund safety vastly outweigh any potential advantage of commission-free trading here for me.

Broker Issues

Robinhood

Fees and Spreads

07-30

미국

zack18

1-2년

Which deposit and withdrawal options are available through Robinhood, such as credit cards, PayPal, Skrill, or cryptocurrencies?

WikiFX 대답

As an experienced forex trader, I always prioritize the security and reliability of fund transfers when evaluating any trading platform. With Robinhood, my research and personal review highlight substantial concerns in this respect. Based on my direct observations, Robinhood requires users to link a traditional bank account for funding their brokerage account—credit card, PayPal, Skrill, or cryptocurrency funding options are not mentioned or supported within their process. This is generally standard for many U.S.-based brokerage platforms due to regulatory and compliance reasons. What raises significant caution for me, however, are the numerous verified user reports of severe withdrawal challenges. Several users describe scenarios where, after initial deposits and some early withdrawals, the platform began requiring substantial, unusual "anti-money laundering deposits" before permitting further withdrawals. Requests for such large upfront payments to access your own funds are deeply abnormal in the industry, signal potential fraud, and present a substantial risk to your capital. Some users also report being blocked by customer service after attempting withdrawals, with funds remaining inaccessible. Given these persistent and highly concerning reports, as well as Robinhood’s lack of regulatory oversight, I cannot recommend using this platform for deposits or withdrawals of any kind. When dealing with your own capital, especially in the world of trading, transparency and reliable fund access are non-negotiable. For me, these risks outweigh any convenience Robinhood’s interface might offer. I strongly advise extreme caution and would not trust my own funds with this broker.

Broker Issues

Robinhood

Withdrawal

Deposit

07-25

미국

LoukiaCharilaou

1-2년

Which types of trading instruments can you access on Robinhood, such as stocks, cryptocurrencies, indices, commodities, or forex?

WikiFX 대답

From my experience carefully examining Robinhood, the range of trading instruments available is relatively limited when compared to more established brokerage platforms. On Robinhood, I have only been able to access cryptocurrencies, options, and futures. Traditional asset classes like forex, commodities, indices, stocks, bonds, and ETFs are not available for direct trading. While Robinhood presents itself as a modern, commission-free platform with a streamlined interface, the absence of popular instruments like forex and stocks restricts its appeal for diversified trading or strategy development, especially for someone like me who values flexibility in asset selection. It’s also important to highlight that Robinhood is not regulated by any recognized financial authority, which increases risk from a safety and oversight perspective. This, combined with a limited instrument offering, has made me think twice about using Robinhood as a core trading solution. Instead, I would advise anyone considering this platform to approach with caution, understand the covered products thoroughly, and be very aware of the regulatory shortcomings. Diversification and reliable regulation remain critical to my trading approach, and Robinhood falls short on both fronts.

Broker Issues

Robinhood

Instruments

Platform

Leverage

Account

07-06

미국

Vladimir

1-2년

Could you break down the total trading costs involved when trading indices such as the US100 on Robinhood?

WikiFX 대답

As an experienced trader always mindful of risk, I approach trading cost evaluations with caution, especially with platforms that raise red flags. Based on what I’ve gathered about Robinhood, it’s clear that trading traditional indices like the US100 (NASDAQ 100) is actually not available—Robinhood does not currently support trading of indices, whether through CFDs or spot products. Their offering is limited to stocks, options, cryptocurrencies, and some futures, and there is no mention of index trading like US100 on their platform. If hypothetically I wanted to explore index-related exposure at Robinhood, it would have to be through ETFs that track major indices, but, again, the context makes it clear these are not available on this platform. While Robinhood prides itself on commission-free trading for the products it does offer, it’s vital to recognize the absence of regulatory oversight and repeated, serious withdrawal issues reported by users. For me, this lack of transparency and user protection outweighs any advertised cost benefits. Even if zero commissions are advertised, hidden risks—such as withdrawal blockages and questionable request for anti-money laundering deposits—could cost far more than typical trading fees. In conclusion, not only is trading the US100 or any indices directly impossible on Robinhood, but the risks and unclear business practices make it an unsuitable and unsafe environment, in my view, even if such products became available.

Broker Issues

Robinhood

Fees and Spreads

06-22

미국