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That's cause you own more than 4* shares. The limit isn't just on how many you can buy each transaction, the limit is how many you are allowed to own on the platform. If you have more than the limit, you are not allowed to buy more.
* current number as of writing this.
https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
> What if my existing positions already exceed the limits?
> If you already hold a greater number of shares or contracts than the limits listed above, your positions will not be sold or closed.
>However, you will not be able to open more positions of each of these securities unless you sell enough of your holdings such that you are below the respective limit.
Besides the day it was 0, it's been as low as 1 which means the only people who were allowed to buy shares, haha I mean a share, were people with 0 and they were only allowed to buy 1 no matter how much money they had.
robinhood does not use apex any more, they have their own in house clearing house
>In 2018, we launched Clearing by Robinhood, our in-house clearing platform. Before this conversion, customers' trades were cleared by Apex Clearing. Since the conversion, customers' trades have been cleared by Robinhood Securities.
https://robinhood.com/us/en/support/articles/common-tax-questions/
USE THIS LINK TO SEE GME:
You can't buy or sell, but you can still see it.
This works with other stocks as well. Just change GME to the shorthand of the stock.
>Their buying and selling happens off exchanges no matter what time of day it is. While youre correct youre ignoring the fact that they don't conduct your trade at all. They collect it and sell it in a manner that effects the market how they want, and not according to user supply and demand. It's manipulation.
That's wrong. Robinhood routes for best price independent of their comission for PFOF. https://robinhood.com/us/en/about-us/our-execution-quality/ If you want to pay more for your shares plenty of brokers will allow you to bypass market makers, but paying more for the same thing seems pretty dumb to me.
They’re missing a lot of key positions, and they’re hiring more recruiters than anything else. Seems desperate. Too bad they’re evil... I qualify for a few of their jobs.
yes, you can, and PLEASE transfer out of robbinghood. here's their link on how to do it: https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
shady-ass robinhood charges $75 to transfer out but if you open an account with fidelity they will reimburse you.
Margin calls can happen for a variety of reasons—a decline in the value of your holdings, ACH reversals, or options assignments—causing the portfolio value (minus any cryptocurrency positions) to fall below your margin maintenance requirement. If you get a margin call, you need to bring your portfolio value (minus any cryptocurrency positions) back up to your minimum <strong>margin maintenance</strong> requirement, or you risk Robinhood having to liquidate your position(s) to bring your portfolio value (minus any cryptocurrency positions) back above your margin maintenance requirement.
They have now restricted buying on FIFTY stocks, including SILV that i have been accumulating for almost a year now, fucking OUTRAGEOUS! God I can't wait for the GME squeeze so I can start my transfer to fidelity!
Robinhood is VERY slow for dogecoin-related transactions right now. See here on how to cancel an order or sell
https://robinhood.com/us/en/support/articles/canceling-a-pending-order/
Move out of robinhood : https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
Someone asked me earlier how to get out of Robinhood and transfer your stocks. Link got pushed up quickly, but here is the link if anyone wants to do this without selling all of your stocks and getting hit by taxes. Costs $75 to transfer.
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/