Availability of instant money transfers may be subject to limitations. An Engineer at Amazon shared “Switched to fidelity. Its user interface is great. It depends on the specifics of your transfer. Money in a custodial account can be used by the parent or legal guardian, but only to do things that benefit the child. Robinhood charges a fee of $75 to transfer your portfolio, however, Fidelity will cover this fee as long as the RH account has at least $2,000 (some users have reported $25k minimum) or above in combined cash and assets at the time of the transfer. And the ability to create new accounts and transfer money is easy. Once the squeeze pops, I’m done with RobinHood forever and will transfer everything to fidelity 7d 5 0 As mentioned previously, you have the option to choose between an EFT, a wire transfer, or receive a physical check that you would then have to deposit yourself. You can link a bank account to your app and fund your account by transferring funds from your bank account. All trading on Fidelity … A Lyft Professional said, "Robinhood is dead to me." What's scary is that on Robinhood, TD-Ameritrade, E-Trade, Charles Schwab, Fidelity, and Vanguard experienced intermittent downtime on Wednesday morning. I have a bank deposit pending on RH still but started a full account transfer from RH to Fidelity. You can also transfer your money from Robinhood to another brokerage by following these steps: To begin the process, you’ll need to contact your other brokerage and have them initiate the transfer. All investments involve risk and loss of capital. An Intel professional questioned, "Newbie here. In my opinion, the best Robinhood alternative is Fidelity Investments, aka Fidelity. Transfer Types. The research is robust. Fidelity Transfer Factors Transfer Timeline An Electronic Fund Transfer should take anywhere between 1 and 3 business days to be received by your connected account. Securities trading is offered to self-directed customers by Robinhood Financial. If your firm does not, we'll provide a prefilled Transfer assets to Fidelity form that you can quickly print, sign, and mail to Fidelity. Would this money be transferred to Fidelity after the $75 RH transfer fee is applied? Call them up they will refund the 75$ transfer fees” A Facebook professional shared they had “Switched to Webull”. Fidelity was founded in 1946 and has the most robust online trading platform. Opened a fidelity trading account today and bought 10k more GME during the dip. An Apple professional simply said “Etrade”. Title says it all. Can't find this information anywhere online. Fidelity, however, recently switched to a commission-free pricing structure. Robinhood's key selling point is not charging commissions. 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