You can absolutely get lower risk investments through Robinhood, but they actively market things like margin trading under the "Robinhood Gold" banner. I don't think most investment banks would let you do things that risky, and you'd still have an advisor in the middle.
You can always lose money while investing, it's just Robinhood makes it feel like you're losing at Candy Crush while you're doing it. Certain financial transactions shouldn't be as frictionless as Robinhood makes them, and I can't help but feel that their platform is irresponsibly built. Their "Checking and Savings" debacle show how fast and loose they play with regulations and educating consumers.
You can always lose money while investing, it's just Robinhood makes it feel like you're losing at Candy Crush while you're doing it. Certain financial transactions shouldn't be as frictionless as Robinhood makes them, and I can't help but feel that their platform is irresponsibly built. Their "Checking and Savings" debacle show how fast and loose they play with regulations and educating consumers.