![The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. The Securities Investor Protection Corp. said a new checking account from Robinhood Financial LLC raises red flags and that the deposited funds may not be eligible for protection. Photographer: Andrew Harrer/Bloomberg](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/L32AXGAFWQGMIH76HV6BK2QZVI.jpg?smart=true&auth=8ef6af387db0d2c974629dc581fa26240e4e0c4b1f613f8198fc272fb1afa756&width=400&height=225)
Online brokerages such as Robinhood have seen a surge in inexperienced day traders opening accounts since the stock market crash in March. Bloomberg
Online brokerages such as Robinhood have seen a surge in inexperienced day traders opening accounts since the stock market crash in March. Bloomberg
Why the day trading boom will end in tears for novice investors
A surge in new accounts and trading was sparked by the stock market crash in March
Liz Weston
25 October, 2020