I've been investing for 3 years with mostly long term, boomer investments but recently got active (last year) and started playing around more. Just recently transferred from Robinhood to Fidelity and my god, Fidelity is so fucking shit in a lot of ways. The obvious one is the UI, which is HUGE, but that one I'll skip bc everyone seems to agree on that. Another one is their handling of fund/stock settlements. Sure, Fidelity is doing just enough to meet the business logic for those. But seriously my funds that I deposited more than 2 weeks ago (before GME went batshit crazy) is still fucking pending and can't be used for trade and got a settlement violation warning for trying to swing trade with 1 day period once (this one's kind of my fault). Let alone the 9 different kinds of "funds" that exists for a single brokerage account. Technically it's a fault with the whole stock market brokerage system rather than Fidelity, but it's pretty damn obvious that Robinhood tried above and beyond to simplify and correct a lot of these bullshit, archaic mechanics under the scenes (can't comment on if it's fully right though as it does seem to put us at risk by placing us under margin account by default). I know complaining in a tech forum won't change anything but I'm hoping we can have a discussion here on this subject.
Yeah, I’ve never had a deposit pending for more than 3 days. Which seems to be your only complaint.
Please go back to RH, signed Fidelity user of over 10 years. I dont need ex RH users slowing down Fidelity for their shitty meme stock trades.
I’m keeping robinhood cause the ui. Yeah I know pathetic but hey
Lol at prefer Robinhood over fidelity
We are only 5 ish years old and have made a lot of progress and even self clear. We learn from our challenges and get better, and we will continue to improve every single day for our customers and strive to make the best product we can. All the misinformation about RH and hedge funds etc...has been sad to see for me personally, but I understand why folks are upset and need someone to take their anger out. I can’t wait for T+0 so this doesn’t happen again, even if that means we build it for the entire industry and open source it. Anyway, for OP, thanks for sticking with us and know that I and my colleagues are proud to work hard to make our product better for our customers every day. For those of you who chose to leave, I wish you all the best, and hope you can take the experience at RH and influence other brokers to make their products better for smaller retail investors. Peace.
They stopped all trades when GME caused hedge funds to lose out. They’re a terrible platform.
Yea because they needed to due to collateral requirements being raised y a dependency. Not their fault. Interactive brokers, webull, td ameritrade, and several other places also all had to half trading on gme
It's hilarious to see people running with the most popular narrative without digging to see how the internals of these markets work. Guess it's easier to be angry than to study the functionality of the markets.