Unlike All other brokers, Robinhood had used loopholes to turn normal trading into gambling, on levels that are banned in most casino’s. As some who has traded for four plus years on RH, and who has been a professional gambler in Vegas. Here is a list of things Robinhood allows that wipe millions if not billions from retail traders every week. Robinhood specifically caters to the young uneducated to use trickery to steal from them. Wiping out college tuition, bank accounts etc etc. Here are some of my examples.
- Unlike Other professional broker’s, Robinhood allows for instant deposits, which is harmful and allows gamblers and people in bad trades to transfer money instantly from their bank accounts. This can cause extreme harm to young people and older people playing options. Instant Deposits are banned in Casino’s, so why is it allowed in a trading app. I personally have liquidated my account several times when I keep trying to catch a falling knife. This should be banned immediately forced to mirror other professional brokers who require deposits to settle before use. This is a safety net for trader’s.but Robinhood allows it because they are trying to help Hedge Funds steal funds from young traders.
- Payment for order flow. Payment for order flow should be illegal, because Robinhood and other broker’s are selling the trades and options data to hedge-funds, who them are holding shares that they are meant to front run and close. These institution are not closing the sales and they are holding those shares until they decide to dump. This looks like low volume but its institutions or MM’s manipulating the share price movement. Payment for order flow allows companies like Citadel to hold shares, showing no volume, affectedly controlling the true movement of the share price.
- Robinhood sell’s off call and put options , ODTE, thirty minutes before closing. They have been doing this from the start but now Hegefunds, Banks or MM’s. Citadel or whoever controls the price action now, closes down trading from 10:30ct to 2:45ct and keeps the spy and qqq within a ten cent range to steal premium options after 2:30 when Robinhood closes out all odte orders, even though there is 20 min of trading left… They do this exactly at 2:30 and its costs retail billions every week, as the MM’s will not allow price movement until RHood traders premiums are sold off. This is highly illegal in my eye. One your saying Robinhood has the right to trade my trades as they see fit. And they do this in collusion with MM’s and Hedge funds (Citadel.)
- Long story short, Robinhood and Citadel, are in collusion to steal options premiums and odte calls and puts from retail and they need to be investigated. Not only that, Calls and puts, are extremely technical and even professional have a hard time making money with them. They where meant to hedge as insurance against shares, but Robinhood has effectually turned them into a game of roulette or poker where the house gets to view your cards. And Robinhood knows that most retail traders do not know how to affectedly use Options and that’s how they make their money, be selling that data to hedge funds, who then use it to manipulate price action to steal premiums.