Robinhood has caused outrage among the r/WallStreetBets community and beyond. It claimed the decision to block trading was to “protect investors” from a potential crash, adding: “To be clear, this was a risk-management decision, and was not made on the direction of the market makers we route to.” What has been the fallout? Cost aside, it’s essential to realize that plenty of online brokers have joined Robinhood in offering commission-free trades.

So if limiting costs is your number one concern, Robinhood is a great way to get your feet wet. Robinhood published a further blog post on Thursday afternoon, saying it would allow “limited” purchases of GameStop shares again from Friday. Robinhood has the advantage of always providing zero commissions on stock and ETF trades. The company uses AWS to operate its online business, deliver and update its mobile trading app, securely. “We fundamentally believe that everyone should have access to financial markets.” Robinhood’s lean staff, including just two DevOps people, used AWS to create a massively scalable securities trading app with strong built-in security and compliance features that supported hundreds of thousands of users at launch.Robinhood is a startup offering no-fee securities trading. “We’re committed to helping our customers navigate this uncertainty,” the company said in a statement. It also halted trades for AMC, BlackBerry, Nokia and other stocks that have been driven up by Reddit this week. On Thursday, Robinhood blocked its users from purchasing shares in GameStop, citing “significant market volatility”. GameStop’s share price has rocketed thanks to a Reddit community (Photo: AP) Why has it blocked people from buying GameStop shares? The company, named after the English folklore hero who stole from the rich and gave to the poor, was founded by entrepreneurs Vladimir Tenev and Baiju Bhatt in 2013.

What is robinhood app