What are the disadvantages of Robinhood?

The company suffered from trading outages and halted trading on certain securities during periods of high demand. Robinhood disadvantages include: Difficulty contacting customer service via email. No mutual funds, individual bonds, futures or options on futures. No stocks that trade on foreign exchanges, closed-end funds or preferred stocks.

Is Robinhood a good platform?

The Robinhood mobile platform is one of the best we've tested. It is safe, well designed and user-friendly. Robinhood provides a safe well-designed web trading platform. On the downside, it was difficult to navigate and customizability is limited. Robinhood 's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos.

Is Robinhood too limiting?

As your account size and investing confidence grows, you may find Robinhood too limiting. There are no 529 plans, custodial accounts, or individual bonds, and financial planning tools are most noticeable by their absence. Expect to be focusing entirely on stocks, fractional shares, IRAs, ETFs, options, and cryptocurrency instead.