Robinhood Plunges as Bankman-Fried’s FTX Sells Itself to Binance
bloomberg.com
bloomberg.com
Robinhood is still screwing over users on market orders.
I mirror trades between Alpaca and Robin Hood. When my bot executes trades on alpaca. 90% of the time it’s exactly what is quoted at that time. Example: If my account value is $30,000. I sell all at market. I get $30,000(-$0.01 fee for selling) so I get 29,999.99
The same quote executed on Robinhood. I lose %0.21 or %0.51 on my account value. Example: If my account value is $30,000. I sell all at market. I get $29,937.
You may say. Bruh. Just use limit order. Limit orders sometimes don’t get filled. On alpaca, it gets filled. Robinhood market orders takes away your gains.
You may think I’m joking. But I’m not. Last year. I got an email from RobinHood addressing it and crediting my account. This year. It’s worst.
Last year email.
* We're reaching out to let you know that we noticed there were some trades in 2021 that did not execute at the expected price. Therefore, we have updated some of your executions from this year. These trades have been corrected and you will be provided with updated trade confirmations. As a result of the updated executions, you’ll see in your account that these trades are being corrected to reflect: •An improved price, or; •A disimproved price, in which case we’ve issued you a cash credit equaling the amount of the correction in your account. *