Yes, your broker can sell your stocks without your permission in certain terms and conditions : 1. If you have a type of discretionary account for which you have signed documents giving the broker permission to buy and sell securities for your portfolio on your behalf, then your broker may sell from the account.
It's Not All Bad News. Stock in the brokerage app Robinhood Markets—the company that says its mission is to democratize finance for all—was down big on Thursday on news that early investors can sell stock.
A brokerage is not allowed to buy stocks on your behalf without your written or oral consent. This is a rule by SEBI & the exchanges are authorized to monitor that it is being diligently followed by brokerages.
If your option is in the money, Robinhood will typically exercise it for you at expiration automatically. You can also exercise your options contract early in the app: Navigate to the options position detail screen. Select Exercise.
A broker will only sell enough securities to satisfy the margin call, but may be forced to sell again if losses continue to mount.
Yes, you can buy/sell stock from/to a friend, relative or acquaintance without going through a broker. Call the company, talk to their investor relations person, and ask who the Transfer Agent for the stock is.
The answer is: Yes, stockbrokers can (and do) steal money from their clients. ... Unfortunately, stock broker fraud is more common than many investors would like to think. Investors generally understand that there are risks associated with buying and selling securities. The market can go up, and the market can go down.
With a sell limit order, you can set a limit price, which should be the minimum amount you want to receive for a contract. The contract will only be sold at your limit price or higher. If the market is closed, the order will be queued for market open.
We're giving you more time to trade the stocks you love. Traditionally, the markets are open from 9:30 AM ET - 4 PM ET during normal business days. With extended-hours trading, you'll be able to trade during pre-market and after-hours sessions. That's an extra two and a half hours of trading, every single day.
In general, shareholders can only be forced to give up or sell shares if the articles of association or some contractual agreement include this requirement. In practice, private companies often have suitable articles or contracts so that the remaining owner-managers retain control if an individual leaves the company.
YES–Robinhood is absolutely safe. Your funds on Robinhood are protected up to $500,000 for securities and $250,000 for cash claims because they are a member of the SIPC. Furthermore, Robinhood is a securities brokerage and as such, securities brokerages are regulated by the Securities and Exchange Commission (SEC).
Your brokerage firm may sell securities you own—without notifying you and without regard to tax consequences—in order to increase the equity in your account.
You may receive this message if you have an outstanding pending order for the shares of stock you'd like to sell. You'll need to cancel any outstanding orders before you can sell the shares. To view your pending orders in your mobile app: Tap the Account icon in the bottom right corner of your home screen.
Yes it's instant. Let's say your chosen stock is trading at 100 Rs. Alternatively, you can place an order to buy/sell it above or below that Current price. For example if you want to buy/sell it at 105/- instead, then you place your order and wait.
You may not be able to withdraw money while your account is restricted. Robinhood sometimes restricts users' accounts. That can happen if the user has a negative balance, had a bank account transaction reversed, if the user is suspected of fraud, or for a few other reasons.
Understanding the rule
You're generally limited to no more than 3 day trades in a 5 trading day period, unless you have at least $25,000 of portfolio value (minus any cryptocurrency positions) in your Instant or Gold account at the end of the previous day.
Making money on Robinhood is the same as making money on any trading platform. Because of Robinhood's design, there are two main strategies that investors use to make money.
In short, yes. Any dividends you receive from your Robinhood stocks, or profits you make from selling stocks on the app, will need to be reported on your individual income tax return. ... Stocks (and other assets) that are sold after less than a year are subject to the short-term capital gains tax rate.
Robinhood has low non-trading fees.
There are no withdrawal or inactivity fees.
It may take up to four business days for Robinhood withdrawals to reach your bank account. However, withdrawals initiated before 4:00 p.m. ET usually reach a bank account the next business day. Robinhood's daily withdrawal limit is $50,000.
The Short Answer:
You cannot trade securities for others without becoming licensed as an investment professional. Investment professionals must be registered with the Securities and Exchange Commission or have a federal license. There are few exceptions to this rule.
Cash and securities in a brokerage account are insured by the Securities Investor Protection Corporation (SIPC). The insurance provided by SIPC covers only the custodial function of a brokerage: It replaces or refunds a customer's cash and assets if a brokerage firm goes bankrupt.