- Report: #1532089
Complaint Review: Robinhood markets inc - menlo park CALIFORNIA
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Author Confirmed
Why?
Robinhood markets inc
menlo park, 85 willow rd menlo park, 94025 CALIFORNIA, United States
Web:
robinhood.com
Categories:
Business Rating:
(1)
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Robinhood markets inc robinhood securities llc , robinhood investments excercised option causing 100% loss of profit menlo park CALIFORNIA
placed credit spread option , put up my own funds for margin cover of spread in option, my risk , my money, they excercised option early to close position , not allowing position to go to expiration and expire worthless , which is what i wanted.
they hide behind their own policy of judging whether you can risk your own money on an option play as if it is their money, i have 7000 hrs trading and investment experience, i know the risks when i put on an option position, and put up my own money as coverage for any losses i may incur, should not be their opinion as when to close position , when position is in my profit zone, and within my risk and loss zone, i do not use margin accounts for that reason.
i only do positions with moneys I have or can afford to lose, they refuse to fix the losses they caused me , my position would have been an 8 % gain for 4 day position, to date for this year i have doubled my account since jan 4, so i am well aware of my risks and am well with in an acceptable loss zone if need be , its not their place to choose how to handle my money i put at risk , they have a habit of doing this and also other means to get additional fees , and causing loosses to customers since they wont allow many option plays to protect a customers option plays such as refusing to allow up and out rolls etc , or they decide to close positions early and the collect fees for excercising those actions.
i play option plays down to the last minute but also get good returns for my risk that i am aware of, thats why i have doubled my account in 3 months , instead of settling for just maybe 15% for the whole year, i am up 91 % currently would have been more if robinhood hadnt excercised my position early. Complaint has been filed with the sec also.
