Who Let You Trade Stocks

Weekend GME Thread + Homework for all: Let's stop using brokerages that halted trading : stocks (reddit.com)

Horrible Brokers - Restricted purchasing of certain tickets and lied/gloated about it

• Robinhood - Now Blocking 50 Equities - CEO lying saying they have no liquidity issues, 1 day before getting a 1 billion bailout - Join the lawsuit against them if you were affected
  
  
• Interactive Brokers (US/CAN) - Display visible contempt for Retail traders, wants GME to go to 17 before re-enabling trading - Blocked Trading212, as their acting intermediary
  

Bad Brokers - Restricted purchasing of certain tickers

• E-Toro - Proof
  
  
• E-Trade - Proof
  
  
• Ally - Proof
  
  
• Public.com - Proof
  
  
• Merrill Edge - Proof
  
  
• IG Broker - Proof
  
  
• Trade Republic - Proof
  
  
• Webull - Admitted they were forced to by clearing firm - Clearing firm is Apex - They'll be moved to neutral once they publicly confirm Apex was sole reason the trades were restricted.
  
  
• Trading212 - Proof - re-enabled, caused by intermediary - Intermediary is IB - Restricted purchasing of other securities previous - Based on them restricting securities before this, and countless complaints regarding other restrictions, I've put them back in the bad list.
  

Neutral Brokers - Restricted trading, publicly naming their intermediary

• Freetrade - Proof, blames Barclays - CMO Interview - CMO Tweets
  
  
• M1 Finance - Proof - Blames Apex Clearing
  
  
• Tastyworks - Proof, blame Apex Clearing
  
  
• Stash - Proof, blamex Apex Clearing
  
  
• TD Ameritrade/Canada - Proof - Proof2 - (Margin requirements increased, Covered call and short put orders may only be placed with a broker and support times are > 2h, other trades restricted) - Neutral because they didn't restrict the purchase of stocks with cash.
  

Good Brokers - Did not restrict trading

• Most Canadian Brokers (Questrade, Qtrade, Disnat, BMO, HSBC, RBC, TD, etc.)
  
  
• Most European Brokers (Swissquote, TradeStation, Degiro, Revolut)
  
  
• Fidelity
  
  
• Vanguard
  
  
• WealthSimple (CAN, US)
  
  
• Schwab (Margin requirements increased)
  
  
• You Invest (JP Morgan/Chase)
  
  
• Capital.com
  
  
• Wells Fargo - allowed trades but banned its advisors from talking about GameStop
  
  
• Nordnet
  
  
• Citibank
  

Note regarding the clearing houses
The first step is to know why brokers restricted the trading. The second step is to investigate what happened with the clearing houses. Currently, the following clearing houses seem to have had the most issues:

• Apex Clearing
  
  
• Barclays
  
  
• IKBR
  

We don't know if these firms acted maliciously (protecting themselves before protecting the free market), or because they literally had no choice. If the former, they need to be punished. If the later, then laws need to change. EITHER WAY, something needs to change, this post is merely here to put attention on the problem, I don't claim to have the solution.

Additionally, there needs to be open communication about this issue, currently, they are not saying anything on social media regarding this. Once they do, I'll update this post with it.

Note: /r/ THICC_DICC_PRICC tried to explain this in some detail here. I cannot attest to the accuracy/validity of his explanation, feel free to discuss that on his post.

We might keep this information on the sidebar...forever. Please help me build this list to completion. If you are using a broker in the bad list, even if you are not invested in the tickers that have been restricted, please consider moving to a better broker.

Thank you all for your patience, we are sorry new members are not able to comment yet, we promise you will be allowed to once this is over!

I use Robinhood for stock options and crypto primarily and Fidelity for trades. Fidelity has been great throughout all of this while RH has gone down the drain.

I just didn't care for RH initially when I signed up back in March. Glad I finally full on ditched them a few months back after the stocks I bought on their came back up. I now use TD Ameritrade daily and like their format and info it provides. I operate full on cash though so it works well for me and hasn't given me any problems. Certainly anxious to see what stuff does this week!

Thanks for this info. I'm jumping back in and I signed up for RH before seeing all of the bad news about them. Still waiting for my application to clear but I'm probably just going to let it go through but switch to someone else. What would be the best alternative that is similar and easy to use for people like me who have some experience but are far from really knowing the ins and outs?

I've always used Vanguard for trading in my ROTH IRA. Never had a problem but I rarely trade. I don't have a taxable trading account though. I use Fidelity and TIAA-CREF for my 403b/457 accounts.