FAQs
Investing with a Robinhood investing account is commission free. We don't charge you fees to open or maintain your account.
Does Robinhood charge fees when you sell? ›
$0.000166 per share (equity sells) and $0.00279 per contract (options sells). This fee is rounded up to the nearest penny and no greater than $8.30. statement or confirm is generated. Out-of-network ATM Providers may charge a fee, which Robinhood Financial will not reimburse.
Does Robinhood have a monthly fee? ›
At Robinhood, we aim to cut all the fees we can. This means that for Cash Management, we don't charge: Maintenance fees: We don't charge fees to open, close, or maintain an individual investing account.
Is there a fee for withdrawing from Robinhood? ›
Withdrawals. When withdrawing money from your spending or investing account, it depends on what type of account you're transferring money to: Standard bank transfer: No fee for withdrawals. External debit card account: Withdrawals have up to a 1.75% fee based on the amount being transferred out.
Does Robinhood charge ADR fees? ›
American Depositary Receipt fee
Robinhood calculated the combined fee based on an average of what we typically remit to the exchanges. The fee charged by Robinhood may differ from or exceed the actual fee we paid in connection with any transaction. Our Fee Schedule has more details.
Do you pay a fee when you sell stock? ›
Trade commission: Also called a stock trading fee, this is a brokerage fee that is charged when you buy or sell stocks. You may also pay commissions or fees for buying and selling other investments, such as options or exchange-traded funds.
Why is Fidelity better than Robinhood? ›
Fidelity's fee structure is somewhat different, as this platform offers significantly more products and services than Robinhood. Fidelity doesn't charge trading fees or commissions on stocks and ETFs. However, unlike Robinhood, it does charge $0.65 per contract to trade most options.
What is the $100 fee on Robinhood? ›
We charge a $100 fee for a partial or full ACATS out of Robinhood. Currently, fractional security shares with RHF and crypto held with RHC aren't transferable to other brokerages.
Why can't I withdraw my money from Robinhood? ›
If you're using margin investing, you'll need to maintain a Robinhood account value of at least $2,000 to meet the minimum balance requirements to borrow from within that account. To withdraw below $2,000, you'll need to disable Margin investing in Settings → Investing.
Why can't I withdraw from Robinhood? ›
Why can't I withdraw money from Robinhood? You probably can't withdraw money from Robinhood because your funds are unsettled. You can only withdraw “settled funds”, money that hasn't been transacted with in the last 2 business days. This is known as Robinhood Withdrawable Cash.
Robinhood regulatory trading fees
Robinhood has to pay trading fees to the Financial Industry Regulatory Authority (FINRA). Robinhood customers must cover these costs when they buy and sell assets, and Robinhood passes the payment to the correct regulatory body.
Is Robinhood a good place to invest? ›
Robinhood is considered safe for investors. It's a member for the Securities Investor Protection Corp. (SIPC), is regulated by the SEC, and has additional financial protection per customer up to certain amounts for cash and securities.
How much can you transfer from Robinhood to a bank? ›
Withdrawal and deposit limits
| Type | Deposits | Transaction limit |
|---|
| Originated ACH | $50,000 or $250,000 daily | 5 deposits, 5 withdrawals |
| Non-originated ACH | $250,000 daily | N/A |
| Moneysend | $5,000 | $5,000 weekly |
| ATM | $510 | $510 daily, $5,000 monthly |
2 more rowsIn addition to my personal experience showing it is safe, you can rest assured that your first $500,000 of cash and stocks is insured by the SIPC. According to their website “Robinhood Financial LLC and Robinhood Securities, LLC are members of SIPC so securities in Robinhood accounts are protected up to $500,000.
When did Robinhood start charging fees? ›
Robinhood will begin passing on regulatory fees to customers for options trading starting Sept. 21, according to a notice sent to customers Thursday. The online brokerage helped popularize options trading among everyday investors by not charging commissions, a practice Robinhood said it will continue.
Why is Webull better than Robinhood? ›
Generally speaking, Robinhood is better for investors who prioritize simplicity and a clean user experience. Webull caters to investors who want more choices and technical features, such as advanced dashboard and robo-advisory services.
Does Robinhood charge capital gains? ›
However, if the investor sells their shares for a profit after more than one year, they would be subject to a reduced capital gains tax (ranging from 0% to 20%, depending on the investor's income tax bracket). State taxes may vary. Ready to start investing? Sign up for Robinhood and get stock on us.
Does Robinhood charge fees to buy and sell crypto? ›
Robinhood Crypto does not charge commission fees for trading crypto. We do generate revenue through volume rebates from trading venues. For example, for every $100 of notional value for executed crypto orders, Robinhood receives $0.35 in rebates from its trading venues. *No commission on trades of crypto.
How much does Robinhood charge for margin? ›
If you fail to meet your minimums, Robinhood Financial may be forced to sell some or all of your securities, with or without your prior approval. Robinhood Financial charges a standard margin interest rate of 12% and a margin interest rate of 8% for customers who subscribe to Gold.
What is the trading activity fee? ›
The TAF is a transaction-based fee that is generally assessed on member firm transactions in covered securities, regardless of where the trade is executed. Review Section 1 of Schedule A to the FINRA By-Laws for the specific types of securities and transactions subject to, or exempt from, the TAF.
