Robinhood has yet to address the apparent outage of trading services across its platform across its mobile app and website.
summary
- Thousands of Robinhood users report being unable to trade
- Traders are complaining that they are unable to close their positions, potentially incurring losses.
- Scammers are already trying to exploit the situation with phishing messages.
Robinhood is experiencing a massive platform-wide outage. On Monday, October 6th, tens of thousands of Robinhood traders appeared to be unable to trade on the Robinhood app. Many people took to social media to complain. Robinhood stock has fallen about 1% since the start of trading.
Robinhood goes down when market starts? $Food
Is anyone else down? pic.twitter.com/JFeL2Ys5fA
—SexyStockSlayer (@SexyStockSlayer) October 6, 2025
Users were unable to access their accounts, make transactions, or check their balances on the platform. Additionally, more than 11,000 users reported issues with Robinhood, according to the online platform Downdetector.
Traders were quick to share their dissatisfaction, especially as the disruption occurred during the opening of the market. Additionally, some traders reported concerns about not being able to close positions, and at least some traders reported direct losses.
The cause of the power outage is currently unknown. However, this failure occurred at the same time as similar issues on platforms such as GuruFocus. This has led some traders to speculate that the culprit lies in some APIs used by Robinhood. This explanation is consistent with the fact that although users could access the platform, they were not able to view data or perform transactions.
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Scammers are already exploiting Robinhood's outage
Other users reported that scammers are already jumping on this opportunity. Users reported receiving phishing messages from unknown numbers warning them of the risk of theft. These scams attempt to obtain your credentials by redirecting you to a fake website. As a result, the user's balance may be completely lost.
As soon as Robinhood goes down, you will receive this phishing spam.
Has customer information been leaked? pic.twitter.com/a1n1fKiNQz
— Stephen (@Dogetoshi) October 6, 2025
To make matters worse, Robinhood's technical issues make social engineering scams more likely to succeed. As traders scramble to understand what is going on, some may fall into the trap of scammers.
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