Troubled trading app Robinhood has been narrowing the list of restricted stocks on its platform only is still keeping major restrictions on GameStop shares.

According to its website, Robinhood has lowered its listing of restrictions to eight different stocks including GameStop, AMC, BlackBerry, Express, Genius Brands International, Koss, Naked Make Group and Nokia. Robinhood previously limited trading for as many equally 50 stocks on Friday, CNBC reported.

As per the new restrictions, Robinhood users tin can still but buy one share of GameStop alongside five options contracts. AMC trading is capped at ten shares and x options contracts.

Source: Robinhood

Robinhood users who already hold a greater number of shares or contracts will have to sell their holdings in order to open more than positions, the firm said:

"If you lot already hold a greater number of shares or contracts than the limits listed in a higher place, your positions will not be sold or airtight. However, yous will non be able to open more positions of each of these securities unless you sell enough of your holdings such that you are below the corresponding limit."

Robinhood has been struggling to maintain its trading services while the r/Wallstreetbets Reddit community pumps stocks like GME to new all-fourth dimension highs. On Th, Robinhood suspended GME purchases later the stock skyrocketed 1,400% from about $20 on Jan. 12. On Friday, the business firm also temporarily disabled instant deposits for cryptocurrency purchases, citing "extraordinary market conditions."

The United states Securities and Exchange Committee later hinted that information technology was looking into the Robinhood platform, citing concerns over "extreme price volatility of certain stocks' trading prices."

Robinhood'south decision to halt GME trading was widely criticized in the trading community, with at least 100,000 negative reviews appearing on Robinhood'due south page on the Google Play Store. Despite Google'southward subsequent move to scrap thousands of negative reviews with its "simulated review" tracking system, Robinhood app's rating is still down to ane star, with 294,954 reviews posted at publishing fourth dimension.

Amid the ongoing bug, Robinhood users launched the "#robinhoodboycott" tag on Twitter, calling on traders to motion their holdings off the platform. Nevertheless, Robinhood is non the only company experiencing issues due to the GameStop short squeeze. On Sat, online trading platform IG Group Holdings said that information technology volition restrict any new positions on GME and AMC due to "farthermost volatility" in the market.