WARNING – Robinhood MARGIN is BUGGED, and customer service refuses to acknowledge this, fix it.

I do work with several robinhood accounts, as a supervisor.

3 of the accounts were fine – if you had no asset and only Cash – then the “available to buy” showed correctly, at 2x

So with $10,000 cash – your buying power is $20,000 – with full margin. This is correct.

HOWEVER – one of the accounts with $10,000 cash – had a buying power of $40,000 ($30K debt).

THIS WILL INSTANTLY THROW YOUR ACCOUNT INTO DEFAULT.

After 90 minutes with customer chat support – who constantly reiterated that $10,000 x 4 is $40,000… and me saying that’s MAINTENANCE – not INITIATING (borrow limit) – I got no where.

I am now on to a phone call with a super – because they refuse to text. But I WILL escalate this – this is throwing accounts IMMEDIATELY into default!

I hope you guys are catching this if it has happened to you..