But at least it identifies who are they real customers for RobinHood.
Robinhood,on the other hand is still tumbling thumbs on their ACH transfer I did last monday. No margin was accessed.
Going to close the RH account, I see no value in it. I do most of my trading on another platform, but felt like playing with fun money to see how it'd be.
Not fun at all.
"reports" that i'd read said that fidelity were getting something like 600% increase in signups (who knows if thats because of this movement or because people hate RH).
Moving means totally removing yourself from the market precisely at the time when big swings are happening, which many people might not want to risk. So it's actually pretty tricky, not frictionless or anything.
At some point, either migrate your holdings from RH completely or sell them off and move money to Fidelity.
Done.