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by mrh0057 1969 days ago
Most of the brokers where not allowing margin for buying GME since last week and Robinhood is one of them.
2 comments

Disallowing margin buying is one thing. Not letting you use our money to buy a volatile stock, that's fair game. But not letting you use your own money, that's a scam.
I am concerned for myself here. I got 3.0xxx shares on Wed. 1/27 on Robinhood for 999 bucks. I'm pretty sure I began a transfer to Robinhood of $1,000 from my bank account BEFORE I bought them. Well, the shares were in my possession in a matter of seconds after but my $1,000 won't clear until Feb 2. I have NO idea if I bought on margin and if am subject to margin call/ holding liquidation etc. If anyone has any insight I would very much appreciate it!!!! Thanks-- An idiot