Do you need help getting into your Robinhood account? The truth is, you’re not alone. Thousands of customers have complained that they were suddenly unable to access their accounts.
What can you do in the meanwhile while Robinhood works on a solution? Discover the answer here.
Why Am I Getting a “Robinhood Account Restricted” Message?
When a user’s Robinhood account is restricted for whatever reason, the business uses the term “Restricted” to describe the status of that account.
Whatever the cause—suspicious conduct, insufficient trade volume, incomplete registration information, etc.—the effect is always the same: a frozen account with no access to funds.
My RobinHood Account Has Been Blocked, But Why?
In your online profile, you can view the current balance of your account. If you receive the message “Your account is restricted,” it means your account falls into one of the following categories:
You have not made a bank transfer to fund your account within the last 3 days.
- It has been less than 6 days since your last cash withdrawal.
- After less than 6 days, you made a cash deposit.
- Robinhood may limit access to an account for security reasons.
If you have any further questions regarding why your account was restricted, please email us at [email protected].
Why Can’t I Buy RobinHood With This Account?
If you are unable to buy Robinhood, there could be a number of reasons for this.
It’s possible that we’ve seen some suspicious activity on your account and are temporarily limiting your trading activity as a precaution.
It’s also possible that you’ve already spent your daily budget for shopping.
Each Robinhood user’s account is equipped with a spending cap designed to shield them from the effects of market fluctuations.
If you’ve spent all you can for the day, you’ll have to wait till tomorrow to shop again.
It’s also conceivable that Robinhood is sold out of the stock you want to buy.
How Long will Robinhood Put a Hold on My Account?
To what extent you are able to break the rule depends on why the rule is being broken. What happens to your account if it’s restricted for violating the terms of service depends on the nature of your infraction and the number of times you’ve done so.
In general, Robinhood will restrict or delete your account if you break the terms more than once.
If your account has been temporarily disabled due to an issue with your bank or Robinhood’s attempts to safeguard you from fraudulent conduct, we will typically restore access within a few days.
It may take longer if there is an issue that requires additional information to fix (like a problem with the bank, for example).
Can you Explain Why I can’t Withdraw Money From My Robinhood Account?
After a certain period of inactivity, you may find that you are unable to make withdrawals from your account. If you ever have any questions about your Robinhood account, you can always check it by going to the site and choosing “Visitor?”
I hope you aren’t too confused by this, but be assured that the customer support representatives here will do all it takes to help you.
If a user’s withdrawal button is disabled because their account has been inactive for longer than 30 days while maintaining a balance of $1,000 or more, they can restore access by following the procedures below. Sign into your Robinhood account and complete the application.
I Have a Robinhood Account, But I Can’t Buy Cryptocurrency. Why?
Robinhood may have disabled your access to Crypto for a variety of reasons. The fact that you haven’t confirmed your account could be a contributing factor.
You’ll need to give identification information like a Social Security number so we can validate your account.
To learn more about account verification, please visit this page.
It’s also possible that you don’t have access to Robinhood’s Crypto trading services because you live in a state where the service has not yet debuted.
Currently, Robinhood facilitates cryptocurrency trading in 30 US states.
Check here to discover whether Robinhood is available in your state. Lastly, it’s possible that your account has been blacklisted due to questionable behaviour.
How can I disable Robinhood’s day trading limit?
There is no need to waste time guessing how to get around Robinhood’s day trade limits; all you need is the correct starting point.
Day trading is not regarded part of one’s security plan, which is one of the three fundamental rules traders must follow to be in compliance with securities law.
Brokerage businesses in the United States have an advantage over their competitors due to the extensive documentation and assessment required by US securities rules before allowing traders access to conduct trades.
Third, trading in real time is only a good risk management strategy during times of high volatility or other noteworthy events (such as flash crashes).
Even though Robinhood’s trading platform is free of charge and commissions, your account may be temporarily frozen if suspicious activity is detected.
Please use the aforementioned instructions as a guide if you need to remove a withdrawal or spending restriction from your account.
- 1 Why Am I Getting a “Robinhood Account Restricted” Message?
- 2 My RobinHood Account Has Been Blocked, But Why?
- 3 Why Can’t I Buy RobinHood With This Account?
- 4 How Long will Robinhood Put a Hold on My Account?
- 5 Can you Explain Why I can’t Withdraw Money From My Robinhood Account?
- 6 I Have a Robinhood Account, But I Can’t Buy Cryptocurrency. Why?
- 7 How can I disable Robinhood’s day trading limit?
- 8 Conclusions