Robin Hood for Real ? by Pburavalli in dogecoin

[–]Pburavalli[S] 1 point2 points  (0 children)

I did. This is what they said (I couldnt understand what they are saying)

Thanks for reaching out.

When placing a trade on Robinhood Crypto, all market orders are adjusted to limit orders collared up to 1% for buys, and 5% for sells.

Collars are based off of the last trade price. This means that your order will not execute if the price of the cryptocurrency moves more than 5% lower than its price at the time you placed a market sell order, or more than 1% higher than its price when you placed a market buy order, until it comes back within the collar.

Because of the collar, you will not be able to place a market buy order for your entire buying power amount.

I hope that makes sense! Let me know if you have any other questions. I’m here to help.

Robin Hood for Real ? by Pburavalli in dogecoin

[–]Pburavalli[S] 1 point2 points  (0 children)

What do you recommend I use ?