DEMOCRATIZE FINANCE FOR ALL™
Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).
Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.
Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Check out Robinhood Financial’s Fee Schedule for details.
© 2023 Robinhood. All rights reserved.
As a seasoned financial expert with a deep understanding of the intricacies of the financial industry, I've delved into various aspects of investment, brokerage services, and the evolving landscape of financial technology. My expertise stems from hands-on experience and a commitment to staying abreast of the latest developments in the field. Now, let's dissect the concepts presented in the provided article by Robinhood.
1. Democratize Finance for All™:
- This tagline signifies Robinhood's mission to make financial services accessible to everyone, promoting inclusivity and democratization of investment opportunities.
2. Product Offerings:
- Invest: Robinhood provides a platform for investing in stocks, ETFs, and options with commission-free trading.
- Gold: This likely refers to Robinhood Gold, a subscription service offering features like extended trading hours and margin trading.
- Crypto: Robinhood allows users to trade cryptocurrencies through its platform.
- Retirement: The platform may offer retirement accounts, providing users with long-term investment options for their retirement savings.
- Options: Robinhood facilitates options trading, allowing users to engage in more complex investment strategies.
3. Cash Card:
- The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, offering users a means to access their funds for everyday transactions.
4. Learn and Snacks:
- This section suggests educational resources ("Learn") and possibly curated content or insights ("Snacks") to help users make informed investment decisions.
5. Legal & Regulatory Compliance:
- Robinhood emphasizes its commitment to legal and regulatory standards, with clear terms and conditions, disclosures, and privacy policies. This includes compliance with the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
6. About Us, Blog, Affiliates, Press, Careers:
- These sections provide information about Robinhood's background, updates through its blog, partnerships with affiliates, press releases, and career opportunities.
7. Commitments:
- Robinhood outlines its commitments, which likely include promises related to transparency, user protection, and adherence to ethical business practices.
8. Investor Relations:
- This section provides information for investors, indicating Robinhood's status as a publicly traded company and its commitment to maintaining good relations with its investors.
9. Support:
- Robinhood acknowledges the importance of customer support to address user queries and concerns.
10. Legal Disclaimers:
- The article includes multiple legal disclaimers, highlighting the risks associated with various financial products offered by Robinhood, such as options trading and cryptocurrency services.
In conclusion, Robinhood positions itself as a platform aiming to democratize finance by providing a range of financial products, educational resources, and adhering to legal and regulatory standards. However, users are reminded of the inherent risks associated with certain investment activities, emphasizing the need for informed decision-making.
FAQs
The following are a few reasons why you can't place a buy order: You don't have enough buying power to place the trade. Crypto are non-marginable and can't count as collateral, so you'll need to have enough cash in your account to place the order. You don't have enough equity to reach your margin minimum.
Why is crypto not letting me buy? ›
If Crypto.com is not allowing you to buy tokens on its exchange, there might be a problem with the app, your account, or your card. In general, it is recommended to check your card details and balance and ensure that Crypto.com is not under maintenance.
Why can't i buy crypto anymore? ›
You do not have enough funds in your account balance for the transaction. Your funds are currently being used for open orders or margin positions. The transaction value is below the minimum requirement. The crypto asset you want to buy may not be a supported pair with the currency you want to pay with.
Why won t my crypto order fill? ›
Your crypto limit order hasn't reached its limit price.
If the minimum price you're willing to pay for a buy order or receive for a sell order hasn't been met, your order will remain pending. In some cases, pending limit orders may not always execute even if the limit order price is reached.
How do I place a crypto order? ›
How to Place a Crypto Order
- On the trade tab, and enter the 'Crypto' trading mode.
- Select the cryptocurrency you wish to trade in one of the charts top dropdown.
- Designate a buy or sell order (cannot short cryptocurrency).
- Select an Order Type.
- Learn about different cryptocurrency order types here.
Unable to buy crypto or add cash
There are various reasons you might not be able to buy crypto or add cash: Your account may have been temporarily disabled. Buy/sell services may have been disabled. Your account may not be recognized as a trusted payment source.
Can my bank stop me from buying crypto? ›
While some jurisdictions consider it an absolute no-go, others impose strict regulations on crypto-related transactions that may interfere with a smooth crypto-purchasing experience. Although major digital currency exchanges offer credit and debit card payment methods, in some cases, banks decline such payments.
Why won't my credit card let me buy crypto? ›
Contact Your Bank: Sometimes, banks may block certain types of transactions, including those related to cryptocurrency, as a precautionary measure. If you're experiencing issues with your card payments, a simple call to your bank can often resolve these blocks and provide clarification on any transaction limits.
Why is my bank declining my crypto purchase? ›
Unfortunately, there can be many reasons why card payments are failing or getting rejected whether by our payment systems or your own bank systems starting from security flags, insufficient funds, bank account spending limits, details mismatch or unusual usage of the card/bank account being used.
Why are they banning cryptocurrency? ›
Money laundering and illicit activities: Cryptocurrencies offer a degree of anonymity, making them attractive to criminals for money laundering, tax evasion, and illegal transactions. Governments are concerned that cryptocurrencies are used to finance terrorism, drug trafficking, and other illicit activities.
If the option's volume is smaller than your order quantity then the order likely will not fill.
Why is Robinhood not letting me buy crypto? ›
Restrictions on your Robinhood Financial account can result in restrictions on your Robinhood Crypto account. For example, if we've placed a restriction on your Robinhood Financial account preventing you from purchasing stocks, crypto purchases may be impacted until the restriction has been lifted.
Why is the market order not filled? ›
When there is a massive price drop or spike and no purchases or sales, respectively, a market order may not be filled. While rare, this can occur when there are market halts for price volatility.
Can you set buy orders on crypto com app? ›
A Limit order may be filled with different prices to fulfill the order amount. Sell Limit orders will fill when the last price is equal to or greater than the limit price. Buy Limit orders will fill when the last price is equal to or less than the limit price.
How do I place a buy order on Coinbase? ›
Web:
- Sign in to Coinbase.com.
- Select Buy & Sell and ensure you're on the Buy tab.
- Select the asset you want to buy.
- Select One-time order and change the order type to Limit order.
- Enter the amount you want to buy.
- Enter the price you want to buy at (when the asset reaches this price).
- Select Review order.
A market order is an instant buy or sell of a cryptocurrency for the best available price at that time. A limit order is an agreement to buy or sell an asset at a specific price. A stop limit order is an agreement to buy or sell at a specific price once the stop price is reached.
Is crypto.com having issues? ›
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. No incidents reported. No incidents reported.
Why won't Robinhood let me buy crypto? ›
Restrictions on your Robinhood Financial account can result in restrictions on your Robinhood Crypto account. For example, if we've placed a restriction on your Robinhood Financial account preventing you from purchasing stocks, crypto purchases may be impacted until the restriction has been lifted.
Why does Coinbase say I can buy up to 0 USD? ›
Coinbase account limits are determined by an algorithm which takes a variety of factors into account, including but not limited to, account age, location, transaction history, payment method, and verification steps completed. Unfortunately this means that limits can sometimes go down for customers.
