10 Russian Stocks Currently Banned on Robinhood

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Robinhood is halting trades due to sanctions on Russia


Russian equities are drawing traders' attention on Robinhood this morning, following news that activity has been paused.


According to a statement sent out by Robinhood, the movement in Russian equities is the result of US sanctions imposed on the country. As a result, trading in some Russian stocks on the app was halted when markets closed on Tuesday.


The following are the ten Russian stocks that traders on Robinhood can no longer buy or sell.


  • Gazprom Neft’ PAO (OTCMKTS:GZPFY)
  • NK Lukoil PAO (OTCMKTS:LUKOY)
  • GMK Noril’skiy nikel’ PAO (OTCMKTS:NILSY)
  • Tatneft’ PAO (OTCMKTS:OAOFY)
  • Gazprom PAO (EDR) (OTCMKTS:OGZPY)
  • Rostelecom OJSC (OTCMKTS:ROSYY)
  • RusHydro PJSC (OTCMKTS:RSHYY)
  • Sberbank Russia (OTCMKTS:SBRCY)
  • Surgutneftegaz (OTCMKTS:SGTPY)
  • Surgutneftegaz PAO (OTCMKTS:SGTZY)


Robinhood points out that this is not an entire list and that it may vary depending on government actions. It further mentions that the shares of these equities are still owned by Robinhood, despite the fact that they are no longer available for purchase or sale.


When buying and trading of these stocks are available again, Robinhood claims it will notify users. Until then, traders will have to wait and hope that their investments do not suffer too much damage during the battle.


Investors looking for more latest stock market news about Russia's and Ukraine's war are in luck!


We have all of the most recent coverage that traders should be aware of at this time. This includes how the battle is affecting airline stocks, cruise stocks, and the possibility of fresh penalties hitting cryptocurrency traders. Check out the links below to learn everything there is to know about these topics!


What is Robinhood?


Robinhood is a free stock trading app that was the first to provide commission-free investing to the general public. The program, which aims to democratize finance, is geared at younger investors who may not have a lot of money to invest all at once but are enticed to commission-free trading.

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The Robinhood service provides commission-free stock, ETF, cryptocurrency, and options trading but does not give the full-service trading platform that other brokers do. Their platform is user-friendly and graphically beautiful, attracting many people looking for an alternative to a larger brokerage.


Robinhood Gold, a premium account, has larger quick deposit limits, pre- and post-market hours trading windows, and the ability to trade options. With a Robinhood Gold subscription, you must keep an account balance of at least $2,000 at all times.


Why Robinhood Might Not Hit the Mark for You


If you believe Robinhood merely provides a basic trading platform, you are not alone. Consider the following elements that Robinhood does not supply while looking for a Robinhood replacement that offers a more advanced system:


Analysis and Tools


Robinhood excels at fundamental trading. It has an easy-to-use interface and does not overburden it with analytical knowledge or investment tools. Instead, it keeps things simple and gives you the power to make informed trades.


Robinhood would never be mistaken for one of the greatest stock research websites.


Robinhood alternatives strive for a better level of information know-how, offering a plethora of investing tools, stock research, and educational resources to help you make informed investment selections.


Robinhood lets you construct basic watchlists and examine real-time data, but it lacks instructional tools, which its target market desperately needs.


Instead, it largely just provides you the keys and leaves you to figure out what to do with them. If you don't need all the bells and whistles and just want a free stock trading platform, Robinhood may be the best option for you.


However, if you require more than the minimum features, you will need to check into other programs such as Robinhood.


Tax-Advantaged Accounts


Tax-advantaged investment accounts are not available with Robinhood. At the moment, they solely provide taxable accounts. As a result, if you require a retirement account, you should avoid Robinhood for the time being.


Mutual Fund Access


Many brokers don’t offer the ability to purchase mutual funds. Count Robinhood in that number. Some brokers, like Firstrade, allow you to purchase mutual funds.


Trading platform app like robinhood for latin america?


Robinhood is not supported in my country, i was thinking on iBillionare...


Any other ideas?



More Stock Market News for Wednesday


  • UAL, DAL, AAL, LUV: Why Are Airline Stocks Running Out of Fuel Today?
  • Cruise Stocks Alert: Why Are RCL, CCL, NCLH Stocks Stumbling Today?
  • Crypto News: U.S. Preparing Regulations on Transactions to Russian Addresses


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