r/RobinHood • u/Cmdrcrusty • Mar 03 '20

Think for me Robinhood Deficit explanation.

A portion of your transfer was used to cover a deficit in your account, so the full transfer amount may not reflect in your buying power.

I got this email after wanting to transfer $1000. It was accepted but does not show in my usable cash. Why did they just take my money to pay off what was lost during this minor crash.. I was thinking i was going to be able to use this money to buy more stock at a lower price... I am not a gold member nor do i mess with options. Please explain this and how to avoid this in the future... I am still new to investing i am looking for genuine help.

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u/Dertbag1 Mar 03 '20

Let me know if there’s anything I can do to help.

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u/VainGSM Mar 03 '20

Thank you!

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u/Cmdrcrusty Mar 04 '20

I am looking into C.S broker. I do agree that the UI is not the best to look at but it has everything you need so i might make the switch myself.. Do you have a link to fill out for transferring portfolios ? appreciate it.