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Predictions, Opinions, & Comments

Houston We Have A Problem: Major Flaw In Robinhood

What I’m about to say is extremely serious. I may have to user another App instead of Robinhood. I should have made 175 dollars today and Robinhood for one: sold my penny stock at 2 cents under the given price (which is way more than a 5% difference) and two: Their graph is horribly inaccurate. I have proof here.

In the picture above I bought and sold my stock in the ideal respective points. As you can see from the picture the price after 20+ minuets is .2573. I sold at 26 cents but Robinhood sold my stock for a 2 cent loss. It’s not like this was a volatile stock. This stock was at the same price, 26 cents, for 20 minuets. I also have records of my purchases to prove when I bought and sold.

This picture above is how much money I had before I invested.

This is proof of how much I should have made.. Instead I lost 25 dollars because apparently there’s something seriously wrong with Robinhood. Now I have to seriously think about changing my online broker.

How can a stock price be exactly the same for 20 minuets and be sold at a different price? Also I should point this out as well. Never will these errors be in your favor. I’ve noticed every time I place a trade order it buys the stock above the desired price and sells below the desired price. At this point I have to warn everyone there’s something suspicious about Robinhood.

I really don’t want to switch brokers but if this keeps happening I’ll be forced to drop Robinhood. In all honesty they should pay me my 175 dollars. This is messed up.

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