A complaint aiming for a class-action suit has already been filed in New York regarding the action. If the Play Store app rating is anything to go by, Robinhood's customers don't want the help. It’s become the trading platform of choice for the.
Google robinhood app android#
Hence, it’s clear that the problem is only affecting users who’re accessing the service via the Android and iOS apps.
Others are even claiming that the website works fine. The Robinhood app is only crashing when users try to view stocks. Robinhood has also raised margin requirements for certain securities as well, claiming that these moves help customers "navigate this uncertainty," protecting them from market volatility. Robinhood is an online trading platform founded in 2013 that offers unlimited commission-free trading and features an easy-to-use mobile app. Some users have confirmed that the app is working as expected for trading cryptocurrencies. Customers that own them are only able to close their positions (i.e., sell). The increase in trading and spike in prices has also bled over into other memed stocks like American Airlines, Koss, Tootsie Rolls, and Bed Bath & Beyond, among others.Īs a result of these rapid swings, the popular retail trading app Robinhood has decided to lock down trading for those stocks. Robinhood provides free stock, options, ETF and cryptocurrency trades, and its account minimum is 0, too. Gamestop stock (GME) spiked at nearly $500 earlier today, up from under $20 around a month ago, though it has since fallen to $239 at the time of writing now that many venues have halted trading.
GME's chart for the last month at the time of writing.