Robinhood
Low-cost self-directed stock/ETF trading with fractional shares from $1 and a paid cash-yield tier (Gold).
Last verified 2026-10-04
Legal entities
Robinhood Financial, LLC (FINRA BrokerCheck firm id 165998); advisory affiliate Robinhood Asset Management (801-127371)
Details
| minimum to open | not verified |
|---|---|
| monthly fee | $0No account fee; optional Gold subscription is $5/mo or $50/yr |
| equity trade fee | 0 USD per tradeNot confirmed at a primary source in this pass. |
| fractional min | $1Not published in retrievable text for this broker. |
| etf fee | 0 USD per tradeNot confirmed at a primary source in this pass. |
| margin apr low | 4.5%tiered on full margin balance: up to $50k 5.25%; $50k-$100k 5.05%; $100k-$1M 4.75%; $1M-$10M 4.5% |
| margin apr high | 5.25%tiered on full margin balance: up to $50k 5.25%; $50k-$100k 5.05%; $100k-$1M 4.75%; $1M-$10M 4.5% |
| cash apy gold | 3.6%3.6% APY for Robinhood Gold members as of Sept 17, 2026; subject to change. Non-Gold brokerage-cash rate unverified — a 1.5% figure appears only in a Nov 2023 newsroom post and is stale. |
| cash apy standard | not verified |
| crypto available | yes |
| account types | cash, taxable, ira, roth iraAccount types not published. |
| coverage | SIPC member. Cash swept to the Cash Sweep program is held at network program banks and FDIC-insured up to $250,000 per program bank; the High-Yield Cash program is what pays the 3.6% APY.Coverage terms not transcribed. |
Referral link
official referral linkWe earn a commission if you sign up through this link.
- What you get
- Free stock in one of 26 companies, worth $5 to $200 by Robinhood’s published terms. Robinhood states approximately 99% of customers receive stock worth $5.
- What we get
- Robinhood stock. Our own referral milestone schedule is $50 at 1 successful referral, $150 at 3, $800 at 10, $4,000 at 50 and $10,000 at 200 — paid to us as stock, not cash, and capped at $15,000 per person per year.
- Checked
- 2026-10-04
Conditions
- You and the person you refer must both be US residents.
- The new account must link a bank account or debit card.
- A qualifying deposit must be initiated.
What people get wrong
- Cryptocurrency held here is generally not SIPC protected. Check the coverage terms for the specific entity holding it.
- Robinhood Gold $5/mo or $50/yr with 30-day free trial. A separate Robinhood Gold Credit Card exists but its rate/rewards were not verified (support page 404).
- Crypto at Robinhood is not SIPC-protected unless it qualifies as an SEC-registered security
Sources
Each URL and the specific claim it supports.
- robinhood.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- robinhood.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- robinhood.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- robinhood.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- robinhood.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- robinhood.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- robinhood.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04