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Is robinhood backed up by an insurance company
robinhood is a member of finra, just like any other broker.  as such, they can't legally "lose" your assets. even if they file bankruptcy, you will get your money back. obviously, any broker can steal your assets, but i doubt robinhood is any more likely to steal from you, even if you are rich. here is a quote from an article on thestreet.com: So, despite the name, the Robinhood philosophy isn't about stealing   from rich, but rather taking perks often reserved for top-tier   investors and giving them to the everyman trader