Robinhood now spans self-directed stocks, ETFs and options, retirement accounts, futures, active-trader desktop tools and a paid Gold layer. The useful way to read the offer is not “commission-free versus paid”. Cash and margin accounts change settlement and options permissions; Gold changes selected rates and allowances; futures bring contract, regulatory and exchange fees that sit outside the equity headline.[1][2][4][5]
The operating companies also matter. Robinhood Financial is the introducing broker for securities accounts, Robinhood Securities clears those accounts, and Robinhood Derivatives carries the separate futures relationship. A brand-level feature should therefore stay attached to the account and company that actually supplies it.[2][4][7][8]
Accounts & headline costs
Sections ↑Robinhood at a glance
| Measure | Value | Context |
|---|---|---|
| Core securities account types | Cash and margin | Cash cannot use unsettled proceeds or Level 3 options; eligible margin accounts can.Source 1 |
| Gold subscription | US$5 monthly or US$50 annually | Gold combines cash interest, the first US$1,000 of margin, retirement matching and selected trading discounts.Source 2 |
| Current Gold cash rate | 3.6% APY | Published as of 17 September 2026 for eligible brokerage cash with the programme enabled.Source 2 |
| Q2 2026 funded customers | 28.4 million | Company-reported funded-customer measure, distinct from investment accounts.Source 6 |
| Q2 2026 platform assets | US$369 billion | Company-reported total platform assets at quarter-end.Source 6 |
Cash and margin account differences
| Feature | Cash account | Margin account |
|---|---|---|
| Unsettled sale proceeds | Unavailable until settlement | Available for tradingSource 1 |
| Margin borrowing | Unavailable | Available after eligibility and activationSource 1 |
| Level 3 options | Unavailable | Available if approvedSource 1 |
| Options rolling | Not supported as one simultaneous action | Available within approved options levelSource 1 |
| Futures eligibility | Possible when options are enabled | Possible when options or margin is enabledSource 1 |
Products & platforms
Sections ↑Platform routes
| Route | Published role | Important boundary |
|---|---|---|
| Robinhood app and web | General account management, investing and trading | Feature availability follows account permissions and product approvalSource 1 |
| Robinhood Legend | Desktop workspace for active trading and multi-chart workflows | A platform does not change the legal account or the fee scheduleSource 5 |
| Options | Commission-free base pricing for securities accounts | Regulatory and exchange charges can still applySource 2 |
| Futures | Separate approved derivatives access | Carried by Robinhood Derivatives rather than the SIPC securities entitiesSource 4 |
Fees & holding costs
Sections ↑Published rates and subscription economics
| Item | Published figure | Basis |
|---|---|---|
| Gold subscription | US$5 monthly / US$50 annually | Recurring membership; some benefits carry retention or eligibility conditionsSource 2 |
| Margin up to US$50,000 | 5.25% | Variable annual rate on the settled borrowed balanceSource 3 |
| Margin US$50,000–US$100,000 | 5.05% | Tiered rate applied to the full settled balance under the current scheduleSource 3 |
| Margin US$100,000–US$1 million | 4.75% | Variable rate, subject to changeSource 3 |
| Gold margin allowance | First US$1,000 included | Interest applies above the included amountSource 2Source 3 |
A Gold subscriber borrowing US$3,000 does not receive a 5.25% rate discount on the entire balance. Robinhood’s worked method removes the first US$1,000, then calculates daily interest on the remaining US$2,000. That distinction is more useful than comparing the subscription price with a headline annual rate in isolation.[3]
Futures charging and hours
| Component | Published amount | How to read it |
|---|---|---|
| Robinhood commission — non-Gold | US$0.75 per contract per trade | Charged on opening, closing and applicable settlement tradesSource 4 |
| Robinhood commission — Gold | US$0.50 per contract per trade | Gold discount; exchange and regulatory fees remainSource 4 |
| NFA fee | US$0.02 per contract | Fixed regulatory charge in the cited scheduleSource 4 |
| Exchange trade fee | US$0.20–US$7.50 per contract | Symbol-specific and changeableSource 4 |
| Typical session | 23 hours a day, five days a week | Most contracts; some products have different or 24/7 schedulesSource 4 |
The equity commission headline and the futures invoice answer different questions. A single futures trade can include Robinhood commission, the NFA charge and a symbol-specific exchange fee; a cash settlement can add another exchange charge. Comparing only the US$0.50 or US$0.75 line understates the all-in contract cost.[4]
Deposits, withdrawals & transfers
Sections ↑Deposits and bank withdrawals
| Subject | Published terms | Practical scope |
|---|---|---|
| Standard ACH deposit | Can take up to five business days to become available | Instant buying capacity can use part of a pending deposit; it is not proof of cleared cash.Source 9Source 10 |
| Transfer limits | Shown in the app for the customer and method | Standard bank limits reset each business day at 19:00 ET.Source 9Source 10 |
| Instant bank transfer | Only participating banks and eligible transfers | Deposit normally settles within minutes; the bank may take longer.Source 9Source 10 |
| Bank withdrawal | Free standard route can take up to five business days | Eligible instant withdrawal usually takes about ten minutes; review the displayed fee.Source 9Source 10 |
Moving securities to another broker
| Subject | Published terms | Practical scope |
|---|---|---|
| Full or partial ACATS | US$100 for each successful outward transfer | Receiving broker initiates; existing restrictions or debit balances can delay it.Source 11 |
| Whole settled shares | Eligible for transfer subject to receiving-firm acceptance | Fractions are sold during a full transfer and cash follows in a residual sweep.Source 11 |
| Options near expiry | Contracts expiring within seven business days do not transfer | Other eligible options depend on acceptance and permissions.Source 11 |
| Full transfer | Restricts trading and money movement; account placed on hold afterwards | Futures and crypto use separate treatment and are not delivered as securities through ACATS.Source 11 |
Protection & regulation
Sections ↑Protection differs by cash and asset location
| Subject | Published terms | Practical scope |
|---|---|---|
| Securities brokerage | SIPC up to US$500,000, including US$250,000 cash | Same-capacity accounts aggregate; investment losses are excluded.Source 12 |
| Supplemental securities policy | US$1bn aggregate; customer limit US$50m including US$1.9m cash | Applies after SIPC is exhausted, within policy conditions.Source 12 |
| Cash swept to programme banks | Published maximum US$2.5m individual / US$5m joint | Per-bank ownership limits, other deposits and available capacity affect coverage.Source 12 |
| Crypto and futures | No SIPC protection for these positions | The securities policy cannot be assigned to Robinhood Crypto or Derivatives.Source 12 |
Opening an account & support
Sections ↑US customers can reach chat through Contact Robinhood Support 24/7 in the app or website and request an eligible callback there. Investing-feature phone support is Monday–Friday 07:00–21:00 ET, excluding holidays; not every enquiry qualifies for a call. Robinhood gives a typical callback estimate below 30 minutes, not a response guarantee. The general information telephone line does not handle account-specific enquiries. Crypto, spending/card and self-custody wallet support use separate routes.[15]
Additional services
Sections ↑Gold’s published 3.6% APY is dated 17 September 2026 and applies to enrolled, eligible cash in self-directed taxable accounts. The programme distinguishes bank-swept cash, brokerage-held credit balances and options collateral. Up to US$10,000 in eligible uninvested cash across the customer’s investing accounts remains in the brokerage-held programme; it should not automatically be described as an FDIC bank deposit. Interest is paid monthly and the rate can change.[13]
Cancelling Gold through the membership menu leaves premium features available until the end of the current billing period. Cancellation before the next billing date prevents another renewal; ending the subscription is distinct from closing the brokerage account or transferring assets.[14]
Company background & evidence
Sections ↑Selected Q2 2026 operating metrics
| Metric | Q2 2026 | Definition |
|---|---|---|
| Net revenues | US$1.31 billion | Robinhood Markets consolidated company resultSource 6 |
| Funded customers | 28.4 million | Customers meeting the company’s funded definitionSource 6 |
| Investment accounts | 29.9 million | Account count; not the same as peopleSource 6 |
| Gold subscribers | 4.8 million | Company-reported paid Gold subscribersSource 6 |
| Net deposits | US$21.7 billion | Quarterly net deposits into the platformSource 6 |
Selected Robinhood companies
| Legal entity | Published role | Structured reference |
|---|---|---|
| Robinhood Financial LLC | Securities introducing broker | FINRA firm 165998Source 7Source 1 |
| Robinhood Securities LLC | Clearing broker for securities accounts | FINRA firm 287900Source 8Source 2 |
| Robinhood Derivatives LLC | Futures commission merchant | CFTC/NFA relationship disclosed on futures pages; no FINRA licence rowSource 4 |
| Robinhood Gold, LLC | Gold membership programme | Subscription provider, not the securities clearing brokerSource 2 |
- Headquarters
- Menlo Park, California, United States — parent group; account services use separate operating companies
- Founded
- 2013
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Robinhood Financial LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority165998 | Registered | Checked 9 Oct 2026FINRA BrokerCheck firm record for the securities introducing broker.Source 7 |
Robinhood Securities LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority287900 | Registered | Checked 9 Oct 2026FINRA BrokerCheck firm record for the clearing broker.Source 8 |
Robinhood Derivatives LLC
United StatesSource 4
No separate licence entry is recorded in this panel.
Additional Information
Sections ↑Sources & further reading
- Robinhood investing accounts Robinhood · Accessed 9 Oct 2026
- Robinhood Gold overview and current benefits Robinhood · Accessed 9 Oct 2026
- Robinhood margin rates Robinhood · Accessed 9 Oct 2026
- Futures commissions, exchange fees and trading hours Robinhood · Accessed 9 Oct 2026
- Robinhood Legend desktop platform Robinhood · Accessed 9 Oct 2026
- Robinhood second-quarter 2026 results Robinhood Markets investor relations · 29 Jul 2026 · Accessed 9 Oct 2026
- Robinhood Financial LLC — firm summary 165998 FINRA BrokerCheck · Accessed 9 Oct 2026
- Robinhood Securities LLC — firm summary 287900 FINRA BrokerCheck · Accessed 9 Oct 2026
- US deposit timelines and limits Robinhood · Accessed 15 Oct 2026
- Instant bank transfer scope Robinhood · Accessed 15 Oct 2026
- Asset transfers out Robinhood · Accessed 15 Oct 2026
- SIPC, excess cover and deposit insurance scope Robinhood · Accessed 15 Oct 2026
- High-Yield Cash Program rate and balances Robinhood · Accessed 15 Oct 2026
- Gold membership cancellation Robinhood · Accessed 15 Oct 2026
- US support channels and phone hours Robinhood · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.