July 2, 2021
I am very disappointed in how small the total fine on robinhood is as to the income/profit they generate on PFOF as I used them expecting the best execution quality as they claimed to have. After taking a year long break and switching to a real broker I wish I knew what I knew today. The robinhood app is nothing more than a scheme to rob poor and young investors of their captial by gamification of the stock market, giving margin features to customers who don't even know what margin is. I've lost hundred of thousands of dollars in the periods affected. If I had a time machine I wouldn't trust the lies on robinhoods site and I'd possibly be in a much better situation finically.
taking from the poor and giving to the rich.
on my fixed income, this was a heavy blow.