[r00fus]

Lots of chatter on /wsb talking about Fidelity migration. I'm not sure how that translates into actuals - like the WhatsApp migration it may be severe or it might be a tempest in a teapot.

But at least it identifies who are they real customers for RobinHood.

[rootsudo]

Fidelity opened an account, took my money and I was able to trade this morning w/o restriction.

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.

[abluecloud]

not quite the same as whatsapp, you're isolated. you dont need your friends to move, it's something you can do on your own.

"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).

[crazygringo]

Very true. But on the other hand, it ties up your investments for several days.

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.

[r00fus]

You migrate your new buy activity into Fidelity and leave your existing stock in RH (you can still sell).

At some point, either migrate your holdings from RH completely or sell them off and move money to Fidelity.

Done.