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David R Cbk

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Resolved: My Funds Are Trapped In Robinhood

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My Funds Are Trapped In Robinhood
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Updated by user Aug 02, 2023

Company resolved the issue.

Updated by user Jul 02, 2023

I've written 4 different complaints including the Massachusetts Securities Division, what a mess...I cannot even withdraw my own money nor contact Robinhood.

Original review Jul 02, 2023
I am trying to contact support and since Robinhood put a restriction on my account, I cannot contact them through the web nor app, I want to close my robinhood account due to this incompetency...
View full review
Loss:
$3607
Cons:
  • Unable to contact robinhood directly

Preferred solution: Full refund

User's recommendation: DO NOT USE THIS PLATFORM

1 comment
Hayzel Ktt

They’re a terrible platform to invest with. Withdrawal is almost purposefully made impossible .

I had to get help removing my money from the website. After a lot of back and forth with Robinhood support, I was directed to contact: Forexfraudteam@***m They resolved my issue within 3 days.

Floyd P Dwg

Stolen card

Updated by user Mar 16, 2024

I never used my card, and don't know if I will do any other business online, It's hard to trust anyone with my info specially online.

Original review Mar 15, 2024
I'm trying to contact them to report I've been hacked and there using my info and card.. anyone know how to contact them
View full review
Loss:
$125

Preferred solution: My account recovered and refunded

User's recommendation: Pain in the *** getting a hold of them

John P Sut

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Verified Reviewer

Terrible Customer Support

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Robinhood - Terrible Customer Support
After eight years with Robinhood, I was recently locked out of my account with no explanation. When I tried to contact customer support, I was blocked on the app with a notice that I needed to submit a copy of my bank statement with my home address, not a mailing center address. I'm assuming this is KYC, but there was no explanation. My bank statement does not have my home address and never will. I live in a rural area with no mail service, and I have used a mailing center address for thirty years. Robinhood allowed me to sign up with this address. The problem is, Robinhood will not allow me to contact customer support via chat, phone, or email on the app or on the web, unless I first provide them with a bank statement that shows my home address. It's a catch-22 that goes round and round. Robinhood is holding my money hostage with no way to recover it or speak with anyone to find a solution. They won't even let me close my account.
View full review
Loss:
$730
Pros:
  • Retail investing without fees
Cons:
  • Can steal your money and you have nobody to call

Preferred solution: Full refund

User's recommendation: Stay away from Robinhood. They will steal your money and there is no customer support

Anonymous
map-marker Chicago, Illinois

Robinhood has restricted my accounts without merit

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Robinhood has restricted my accounts without merit
Robinhood has restricted my accounts without merit - Image 2
Robinhood has restricted my accounts without merit - Image 3
Without consulting with me, Robinhood and Chase (the Spend Account on Robinhood) rejected two authorized ACH withdrawals flagging my account as 'fraudulent'. My first ACH was to Coinbase which triggered their system to flag me and then reject the 2nd too and then to put a complete restriction on my entire account. I provided Robinhood with all the security info they required DL, Passport, Bank Statements, live selfies, you name it and they are still taking forever to review my account. Meanwhile because of their actions, Coinbase liquidated my crypto position the next day at a loss unnecessarily and I lost thousands of dollars. Meanwhile I cannot trade and the market is moving esp. after the ETF announcement and I am completely stuck and this is in addition to the five full days I have been going around in circles with Robinhood's foreign tech support (from Manila, P). Their tech support has no power to do anything and their "specialist" teams are equally useless and take forever and never get back to you within any reasonable amount of time. I want ALL of my funds off of their platform now. You should NEVER do business here. This can happen to you!! They will treat you like a criminal and do whatever they want with your funds for whatever reason and not give you good support and never give you the benefit of the doubt. Needless to say this has been a complete nightmare and I wish I had never ever transferred any funds onto their platform to be abused this way.
View full review

User's recommendation: "0 trading fees" is TOO GOOD TO BE TRUE. STAY FAR AWAY! You WILL pay a HEFTY PRICE!

Resolved
Antonio G Sdj

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Supporter

Resolved: I received a notice from Robinhood trading app, That my account was locked?

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I received a notice from Robinhood trading app, That my account was locked?
I received a notice from Robinhood trading app, That my account was locked? - Image 2
I received a notice from Robinhood trading app, That my account was locked? - Image 3
I received a notice from Robinhood trading app, That my account was locked? - Image 4
I received a notice from Robinhood trading app, That my account was locked? - Image 5
I received a notice from Robinhood trading app, That my account was locked? - Image 6
Updated by user Dec 05, 2023

Company fixed the issue and I have been provided with apology. I was able to get access to my investments and account.

I thought i was about to loose my hard earned money deposited in to Robinhood account. Reading about the other people made me realize how lucky i was to recover my account.

Original review Nov 28, 2023
Robinhood claimed that i logged in from a restricted location (I live in Washington State) Robinhood locked my account I Tried calling, emailing, etc. To reach someone live from Robinhood when your account is locked is impossible to reach a live agent without the app. I would not doubt that this complaint forum is Owned by Robinhood. Is There anybody out there that can help. I feel like i just got defrauded of my money, assests, and investments from Robinhood.
View full review
Pros:
  • Easy to deposit money in to your brokerage account
Cons:
  • You could loose access to your account very easily

Preferred solution: Access to my account that i have been depositing money in to since 2001

User's recommendation: Robinhood can lock your account for any reason and may not give you your money or investments back

Resolved
Keith W Myj

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Resolved: I cannot access my account and I cannot get it released from Robinhood, there is fraud being demonstrated

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I cannot access my account and I cannot get it released from Robinhood, there is fraud being...
I cannot access my account and I cannot get it released from Robinhood, there is fraud... - Image 2
I cannot access my account and I cannot get it released from Robinhood, there is fraud... - Image 3
I cannot access my account and I cannot get it released from Robinhood, there is fraud... - Image 4
Updated by user Oct 31, 2023

Company fixed the issue and I have been provided with apology. Due to the intervention of Pissedconsumer, I received a reply and a solution to my problem.

It was by the action taken by Pissedconsumer that Robinhood complied with giving me my needed funds.

I will never deal with this company again. Thank you Pissedconsumer for resolving my problem!!

Original review Oct 16, 2023
I have contacted customer service over a dozen times, verified my ID over 6 times, been disconnected over 4 times, and had my case number told to me that it was solved. I have all the emails to prove this and believe that fraud is being committed by Robinhood. I cannot use the telephone to contact customer service because Robinhood has now blocked that option, I am using email, but they keep telling me that my case is closed, to which I never agreed to that. I am being held out of my account by Robinhood and feel their actions are fraudulent and decieving.
View full review
Loss:
$700
Pros:
  • Easy to take your money
Cons:
  • Assign a case number then close it without your knowledge
  • Horrendous customer service
  • Do not allow calls after three times and move to email

Preferred solution: Full refund

User's recommendation: Stay away from this company, it is better to find another place. The customer service is horrendous, they close your case without even resolving or addressing the issue, they disconnect calls on purpose, they avoid taking care of the problem.

Joe b Thy

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Verified Reviewer

My Robinhood Account is Locked.

My Robinhood Account is Locked.
I opened Robinhood account, put my money in and traded half of the money I put in. Problem 1. Since I deposited and traded, my account was waiting on verification for two weeks (when I tried to transfer to another wallet). Problem 2. I received Email and announcement on my App that I should verify my phone number, bank account, etc... I did the verification, but I still get the same "waiting on verification" for the last two weeks. I can't transfer my money back to my bank and not able to transfer crypto another wallet. Problem 3. While I still wait for account approval (verify), I have to switch my phone number (still have the same phone), I request a phone number change inside the App, it did not allow me to change my phone. Problem 4. Robinhood have phone number and always point back to the procedure inside the App (request a call back). Since my phone is hacked, and I changed my phone number without changing my profile phone number. I have no way of contacting Robinhood help desk. Problem 5. Chat inside the App is not working, it requests a call back.
View full review

Preferred solution: help by email

User's recommendation: Very difficult to get help and no recourse to contact the company.

Anonymous
map-marker Dallas, Texas

Will not respond to question about withdrawing funds and no one pics up re route to "person " that can help

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Robinhood - Will not respond to question about withdrawing funds and no one pics up re route to...
refuse to connect call, will not explain why all funds are locked down even though only a portion is under the 2 day settlement rule.
View full review
Christon B Qyq

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RobinHood.Com Is A Scam- DO NOT TRADE ON ROBINHOOD ~ TRADERS BEWARE!!!!

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RobinHood.Com Is A Scam- DO NOT TRADE ON ROBINHOOD ~ TRADERS BEWARE!!!!
Traders Beware!!! DO NOT TRADE ANYTHING ON ROBINHOOD.COM I'd been trading issue free for several month without incident. But I've two coins on the server in anticipation of a spike. Without warning cause or even a reason why they've restricted my account for absolutely no reason at all. THERE IS NO CUSTOMER SERVICE. Not one phone number, way to chat or even email if there is a problem. ALL of the phone numbers you see listed online connect to phone scams. The person tries to get you to send "verifying' funds to a random wallet, the address for which they send you by text. Or they will try to get you to load and use remote access software in an effort to commandeer and take control of your computer. I only write reviews when I feel exceptionally impressed, good and bad. ROBINHOOD.COM is BAD. Do not trade anything on this site unless you eventually want to be scammed. DO NOT TRADE ANYTHING ON ROBINHOOD.COM
View full review
Loss:
$104885
Pros:
  • Looks legitimate
Cons:
  • Total scam

Preferred solution: Full refund

User's recommendation: Trade Elsewhere

Christon B Qyq

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Verified Buyer
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Verified Reviewer

RobinHood.Com Is A Scam- DO NOT TRADE ON ROBINHOOD ~ TRADERS BEWARE!!!!

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RobinHood.Com Is A Scam- DO NOT TRADE ON ROBINHOOD ~ TRADERS BEWARE!!!!
DO NOT TRADE ANYTHING ON ROBINHOOD.COM I'd been trading issue free for several month without incident. But I've two coins on the server in anticipation of a spike. Without warning cause or even a reason why they've restricted my account for absolutely no reason at all. THERE IS NO CUSTOMER SERVICE. Not one phone number, way to chat or even email if there is a problem. ALL of the phone numbers you see listed online connect to phone scams. The person tries to get you to send "verifying' funds to a random wallet, the address for which they send you by text. Or they will try to get you to load and use remote access software in an effort to commandeer and take control of your computer. I only write reviews when I feel exceptionally impressed, good and bad. ROBINHOOD.COM is BAD. Do not trade anything on this site unless you eventually want to be scammed. DO NOT TRADE ANYTHING ON ROBINHOOD.COM
View full review
Loss:
$104885
Pros:
  • Looks legitimate
Cons:
  • Its a total scam

Preferred solution: Full refund

User's recommendation: TRADERS BEWARE! Do Not Trade Anything On This Platform Unless You Want To Be Scammed

GABRIELA O Mvc

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Verified Reviewer

My account was restricted for over one week and the Support agent hang up on me and blocked me from requesting a call back for over 2 hrs .

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Robinhood - My account was restricted for over one week and the Support agent hang up on me and...
Robinhood - My account was restricted for over one week and the Support agent hang up on... - Image 2
Robinhood - My account was restricted for over one week and the Support agent hang up on... - Image 3
Robinhood restricted my account for over one week and talking to a Support Agent to have this resolved, he hang up on me and is playing games by not allowing me to request a call back ( stating that Im already on an active call ) That is absolutely unacceptable for anyone to decide if a customer should have help or not ! Ive never dealt with any brokers that would employ someone so unprofessional
View full review
Cons:
  • Unprofessional

Preferred solution: Apology

User's recommendation: Do not open accounts with Robinhood

Jennifer O Jsx

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Verified Buyer

Locked account.

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Robinhood - Locked account.
Robinhood - Locked account. - Image 2
Account has been locked for 6 months and Im unable to get it unlocked. I have emailed everyday for 3 weeks. I just keep receiving generic responses over and over again. Robinhood has no live customer service reps to assist. Im lost and cant get to my 37k. No where to turn except maybe here to you guys. Ive sent photos and bank statements but they continue to ask for them and arent able to confirm. I need help. Please
View full review
Pros:
  • Easy trades
Cons:
  • No customer service can lock account anytime without notice

Preferred solution: Full refund

User's recommendation: Don’t invest there until they set up a live chat and reliable customer service

COLLINS B Phn

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Verified Reviewer

I WAS ABLE TO GET REFUND OF MY HARD EARN MONEY WITH THE HELP OF A CYBERSECURITY THAT I HIRE

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Steer clear of it! I was a daylight agent, and my money vanished from my account. When I contact customer services, they claim they have no idea what happened to my $203,432 hard-earned money, even if they were somehow compromised. They do not permit third parties to withdraw funds until I was able to obtain assistance from a cybersecurity website, which enabled me to get back my money from them. I can contact CyberSecurity Online for assistance by sending an email to antiscamconsultancy@ gmail .com or USAantifraudteams@ consultant .com. If you are a victim of a robbery with an artist, they will fight for your rights.
View full review
Cons:
  • Try to took my hard earned money

User's recommendation: HIRE A CYBERSECURITY TEAM LIKE I DO..

Quentin C Lmk

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Verified Reviewer

Money

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Ive been trading on the Robinhood platform since 2020. Last Monday I tried to withdraw 50% of my money and received an account restriction instead. First the restriction was supposed to be lifted on March 8th, then March 10th,11 th, and 12th. I called support this morning and now the restriction has been extended to March 15th. Can someone please tell me what is happening. Im now at the point where I want all my money and Im never going to use the Robinhood platform again
View full review
Loss:
$6000
Pros:
  • Non

Preferred solution: Full refund

User's recommendation: Stay away

Crypton M

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Verified Reviewer

Zero Customer Service

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Will not answer phone calls or return a call. Support stinks and their website is an absolute disaster. Their authentication works just great when you are depositing money but if you try to take money out all of a sudden they don't know who you are and the Auth will not work even though it gets confirmed via email.Stay Away
View full review
Pros:
  • No pros cons are the website and customer service stink
Cons:
  • Bad website bad service

Preferred solution: Full refund

User's recommendation: Stay Away from this company

BAILEY N Mhu

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Verified Reviewer

ROBINHOOD TRY TO RUN AWAY WITH MY MONEY

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I was able to retrieve $71,959 from Robinhood after they attempted to flee with my hard-earned money with the help of Antiscam Cybersecurity. Using the mail address below, I got in touch with the cybersecurity team that was able to assist me. Email: antiscamconsultancy@ gmail .com USAantifraudteams@ consultant .com
View full review

User's recommendation: ASK FOR HELP FROM CYBERSECURITY IF YOU ARE VICTIM

Edward P Lvp

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Verified Reviewer

ROBINHOOD STOLE MONEY FROM ME!!!

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Original review Feb 09, 2024

Robin Hood said I opened a gold account which I did not open. I have tried to contact Robinhood with no success because they hide their phone numbers and email addresses.

Robinhood cashed out some of my stocks in order to pay the membership fee on this gold account that I did not open. So Robinhood has stolen my money and cashed out my stocks in order to pay for a membership fee to upgrade my account that I did not authorize. As I stated earlier I cannot get in contact with them due to them hiding their phone numbers and email addresses. I tried contacting them with the one email address that I did find online and I never heard back from them as I emailed Robinhood at

report@***.com.

I never heard back from them after emailing them about the situation to the email address I listed above. I find Robin Hood to be quite Shady if they are hiding their phone numbers and email addresses. I just want answers as to why they cashed out my stocks without my authorization and how I got signed up for a gold account which I did not sign up for.

Robinhood owes me an explanation and to give me my stocks back that they cashed out. WAITING ON AN

EXPLANATION FROM ROBINHOOD!!!

View full review
Loss:
$5
Cons:
  • Everything related to robinhood

Preferred solution: Full refund

User's recommendation: Be very leery of a company that will not provide you with their customer service phone numbers and email addresses!!

Robinhood FAQs

Winnie Murugi
Winnie Murugi
PissedConsumer Reporter

Robinhood is a financial platform that offers customers commission-free stock, options, gold, and cryptocurrency trading.

Is Robinhood safe?

Customers like Robinhood for its commission-free trading on a wide range of assets. However, Robinhood reviews on Pissedconsumer.com indicate complaints regarding fraudulent activity, withdrawal delays, and being hacked.

Should I pay for using Robinhood?

Customers are not charged for opening an account, maintaining their accounts, or transferring funds. Robinhood only passes down to the customers' fees charged by self-regulatory organizations (SROs).

How can I withdraw money from Robinhood?

For Android and iOS devices, go to the Account icon and tap on “Transfers.” Next, select “Transfers to Your Bank” and choose the account you would like to transfer to. Enter the amount you wish to transfer and click on submit. To withdraw via the web app, click on “Account” and then “Banking” to initiate a transfer to your bank account.

How can I close my Robinhood account?

Go into your Robinhood app. Tap on the Account icon and then go to settings. Tap on “Account Information” and scroll down to select “Deactivate account”. Follow the steps provided to withdraw any outstanding balance and confirm your deactivation request.

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