Robinhood caused losses due to system issues that prevented timely sales
2024-03-04 16:06:34
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FxGecko reminds investment enthusiasts that choosing a platform that is regulated by reliable regulatory agencies is crucial. Understanding the historical background of the platform, researching the trading conditions provided by the platform, trading software, and customer service are all essential processes.

Before choosing a foreign exchange platform for investment, it is essential to conduct sufficient research and investigation in order to better obtain investment security and a better trading experience. (More Forex complaint)

Recently, a foreign exchange platform caught the attention of FxGecko, and investors complained through the FxGecko app that Robinhood was unable to sell in a timely manner due to system issues, resulting in losses.

The complainant revealed that I purchased 1000 Dogecoin coins on February 28th, and there were a total of 1020 coins after the purchase. Subsequently, I sold all positions at a limit price of $0.12, but a system error resulted in the unsuccessful sale; Afterwards, after multiple attempts to sell everything at the market price, the system repeatedly indicated errors and did not sell everything. Only 20 of them were sold at a price of around 0.117, and it was not until the price dropped to 0.102 that the attempt was successful.

Introduction to Robinhood Company

The story of Robinhood begins about ten years ago when Baiiu and Vlad from Stanford University met roommates and classmates here. After graduation, they packed up and headed to New York, and established two financial companies to sell trading software to hedge funds. With new discoveries in the financial field, they realized that large Wall Street companies actually do not need to pay any stock trading fees, while most Americans have to pay up to $10 per transaction.

They quickly realized that developing products that could provide access to the financial market for everyone (not just the wealthy) was more important. After two years in New York, they returned to California and established Robinhood, a company that uses technology to encourage everyone to participate in our financial system.

Robinhood, display 1 license plate on the FxGecko app. Publicly claiming that the regulatory status of the US FINRA securities license held is under regulation.

FxGecko risk warning: Robinhood foreign exchange platform monitors 156 warnings. Pay attention to early warning!

Robinhood, FxGecko APP has a score of 6.47 and a low credit rating. Investors need to be cautious when investing!

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