![]() ![]() This occurred during one of the most volatile periods in market history as investors began to comprehend the long-term effects of novel coronavirus and other economic headwinds. App OutagesĪt the beginning of March 2020, Robinhood experienced back-to-back outages that locked investors out of trading on its platform. While its list of tradable assets and customer base has grown, the company apparently neglected to keep its digital platforms up-to-date and its users happy. Robinhood was one of the first brokers to have no fees to buy or sell stocks and ETFs. Robinhood and other trading apps responded by restricting trading of the so-called “meme” apps, which infuriated users. The sudden influx of retail investors caused many hedge funds that had shorted the stock to lose billions. Robinhood made news after it restricted trades of stocks like GameStop and AMC after their stock price was driven by retail investors on Reddit betting against Wall Street. Here are a few of the main complaints users have and why you might want to use a Robinhood alternative as well. This begs the question: why are people leaving Robinhood for some of its competitors? Robinhood is one of the most popular trading apps, and it's a leading investment app for beginners as well because of how easy it is to use. Why Are Investors Searching For Robinhood Alternatives? Webull article for a complete breakdown of these two mobile trading apps. It also has a virtual trading/paper trading option unlike Robinhood, which is useful for practicing your trades. You can also trade popular cryptos like Bitcoin and Ethereum starting with just $1, and Webull currently supports more coins than Robinhood. It's also one of the few Robinhood competitors that also offers commission-free options trading, making it an excellent choice for active options traders. How to Boost Your Savings With a CD LadderĪ newer entrant to the online investing space, Webull is a technology-first platform that offered no trading fees before the big brokerages were doing it.What’s the Difference Between Saving and Investing?.Best High-Yield Savings Accounts For 2021.How to Offset Capital Gains Tax On Your Investments.How to Pay Less Taxes on a Six-Figure Income.How Taxes Affect Your Investment Portfolio.Net Worth Trackers: 7 Best Apps & Tracking Services.Best Budgeting & Money Management Services.Should You Pay Off Your Mortgage or Invest?.How to Choose an Online Financial Advisor.Robo Advisors for Socially Responsible Investing.How to Invest in Single-family Rental Homes.How to Invest in Commercial Real Estate.Selling a Rental Property? Decrease Your Tax Burden.Best Real Estate Crowdfunding Sites for 2022.How to Invest in Real Estate With Little Money. ![]() Bitcoin Cash: Which Is the Better Investment Today?
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