PSA: Free things are not free !!

Not trying to explain it at all. We compete with those guys so just trying to contribute to the convo. The Leap Year thing wouldve been the entire day.
 
Shit can happen everywhere, but then you have a phone, you call your broker and they execute your trade. Try that with RH.

But the real sin was that the SAME shit happened TWICE!!!
re: phone call
It is worthless if you are put 20 minutes on telephone hold.
 
re: phone call
It is worthless if you are put 20 minutes on telephone hold.

20 minutes late is still better than a WHOLE DAY outage. But sure, if you have real dough, keep it at multiple brokerages.
 
If you ever wondered about the company's HQ:

xi7cnxxemxc41.png
 
The bad came in this Leap year, when their algorithm didn't recognize the extra day and yesterday March 3rd was still in the future. Thus there was no trade execution!!!

Instability in their infrastructure is the official "explanation.":)
https://fortune.com/2020/03/02/robinhood-still-down-outage/
Early on Tuesday morning, a Robinhood spokesperson described the cause of the outage as "instability in a part of our infrastructure that allows our systems to communicate with each other," and stated that it was not caused by a failure to code for Leap Year.
 
Yes we are. However we cater to active traders, so we provide an option of either trading commission free, or direct access where you can choose the way in which you route your order which gives you best possible execution. You can review our pricing here: www.tradezero.us/pricing
If you trade adding liquidity and you route to NASDAQ, we will actually pay you $1.00 per 1000 shares to trade with us!
 
Back
Top