Robinhood Buying Power Glitch. “don’t do this.” warned moonyachts in a subreddit feed about an infinite trading glitch in the robinhood app, where he leveraged a $4k deposit into a million dollar position. The company is headquartered in menlo park, california and with a mission to democratize finance to all, which is really attention grabbing, not going to lie.
Buying power is shown in the app to each user and is based on the funds you have available. Call_warrior, a member of the wallstreetbets subreddit, posted screenshots tuesday night showing him use the glitch to buy 47,600 shares of advanced micro devices. You mainly obtain buying power by depositing funds into your brokerage account.
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Therefore, the more the user borrows, the more the app adds to their buying power. A minus 322$ in buy power? However, you can boost it with. Traders are using a glitch in robinhood's app to trade with an infinite supply of borrowed cash, and one user set a new record after turning a $3,000 deposit into a $1.7 million stake.
