Robinhood Financial's trading platform has provided access to the financial markets for individuals who may not have been able to invest using traditional means.  As stated on its website, Robinhood is "Investing for Everyone."  However, as a recent Advisor Hub article pointed out, some are concerned about how these individuals are influencing markets.  There is also concern that some using Robinhood's investing platform are financial novices whose investments amount to gambling.  Those concerns were heightened when a 20-year-old who had a balance of negative $700,000 in his Robinhood account recently committed suicide.  

Robinhood's products are geared towards new investors. While Robinhood provides tools on its website designed to educate novice investors, there is no guarantee that investors are educating themselves prior to placing trades. Additionally, Robinhood's trading platform has experienced several outages this year that left its investors unable to make trades. 

Despite these issues, customers are flocking to Robinhood. The company saw more than 2 million new accounts opened in the first quarter of 2020, half of which are first-time investors.  The number of new This number of new accounts beat the number of new accounts opened at Charles Schwab Corp., TD Ameritrade Holding Corp. and E*Trade Financial Corp combined.