This doesn't change what the GP said. I have an options account with my bank too, but I had to sign all kinds of disclosures and
wait to be approved. I also had to demonstrate a minimum net worth.
What made Robinhood (originally) unique was stripping away those protections, or otherwise automating them away in a mobile app. We have lots of concrete examples of people losing their life's savings on Robinhood, in no small part because of how easy it made leveraging oneself.
