So I have about $107 in robinhood and want to get out after everything they pulled with restrictions on buying stock would it be better to pull out the funds and sell my stocks or pay the transfer fee and have them transfer it to fidelity or charles schwab? And if transfering if the stock goes down during the transfer will I still lose money or will it sell at what I had it at
I think it depends on what the transfer fee is and if you're comfortable paying that in relation to how much money you have. Regarding the transfer, I'm not positive, but I don't believe you will lose anything (other than the transfer fee itself) because you're not actually selling anything - whatever shares you have on Robinhood should transfer to whatever brokerage you decide to move to, so your ownership percentage will remain the same.
Ya it's a $75 fee from them of I only had the stock for a few days that would be short term gain right and what would I be looking at percent wise
Personally I would just sell your position on robinhood after opening a new account wherever you want and re-buy the position they the new platform the same time you sell on robinhood. No fees that way.. If your robinhood account has more assets or valued over 2k then transfer would be recommended - and most platforms would wave the transfer fee if that was the case.
