When comparing Kraken vs Robinhood, the Slant community recommends Kraken for most people. In the question“What are the best ways to buy/sell bitcoin?” Kraken is ranked 4th while Robinhood is ranked 6th.
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Pros
Pro You can set notifications for important events
If you know that an important goverment report is coming out, or a company in your portfolio is expected to release its 10K, you can create a notification to warn about this beforehand to stay on top of the information flow.
Pro Great for beginners
This app is great for beginner investors, because the entry threshold is non-existent - you can start trading with whatever capital you have; and there are no commissions that bite off you profits.
Cons
Con Regular outages
Con Poor customer support
There are many cases of people complaining on Reddit about not getting responses from customer support for weeks at a time.
Con Impossible KYC
It's almost impossible to validate your identity and do the KYC
Con Limits buy orders of certain stocks
As of last week the service started limiting buys of certain stock, this is ongoing and a huge problem for many service users.
Con Only for US citizens/residents
You need to be a US citizen or resident, with a legal US residential address, and a valid social security number.
Con Limited options for analysis
This app wasn't intened for analysis as much as convenient execution. If you rely on technical analysis to make your investment decisions, you will have to find a third-party software for that.