FAQ
Straight answers, without the jargon.
Straight answers about what MyTrader does, what it does not do, and where the safety boundaries live.
Is MyTrader a brokerage?
No. Robinhood remains responsible for brokerage services, account custody, deposits, withdrawals, and brokerage administration. MyTrader is a product and trading-intelligence layer.
Can I lose money?
Yes. Trading involves risk, and losses are possible. MyTrader should never be treated as software that removes risk or guarantees profit.
Does MyTrader store my Robinhood password?
No. MyTrader does not collect or store Robinhood usernames, passwords, MFA values, account numbers, raw broker payloads, or raw Robinhood tokens in the browser or product database.
What happens when I activate the trader?
Activation changes product mode through protected owner flows. Backend safety gates still decide what is allowed, and disabled live-trading settings continue to block order activity.
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MyTrader is not a brokerage. Trading involves risk, including loss of principal. Product status does not guarantee that a trade will occur or be profitable.