Robinhood Is Legit checklist

A broker's legitimacy starts with regulatory registration. Identify the legal entity that would hold your account, then search for that exact entity name on the public register of the regulator it claims to be overseen by. Registers are typically searchable by firm name or registration number. Confirm the registration is active and covers brokerage activity, not just a related business function. If you cannot match the entity name in your account agreement to an active register entry, stop and investigate further before funding.

Legitimate brokers publish clear information about how client cash and securities are held and what protection schemes apply. Read the disclosures that explain custody arrangements and any investor compensation coverage relevant to your account type and country. Protections often differ by product, so a scheme covering securities may not cover other instruments. Record what is covered, up to what limits, and under which entity, so you understand your position before depositing.

Beyond registration, legitimacy checks are about consistency. The company details on the broker's website, in its account agreements, and on regulatory registers should all match. Be cautious of clone websites that copy a real broker's branding, so type the address yourself rather than following links from ads or messages. When reading third-party commentary, weigh dated, sourced material more heavily than anonymous claims in either direction.