Robinhood's standard account is free to everyone, with no minimum deposit, annual account fees or inactivity fees. Its premium subscription, Robinhood Gold, costs $5 per month or $50 per year when you pay annually.

How many Robinhood accounts can I have?

Robinhood now supports multiple accounts per customer, including individual brokerage accounts and IRAs.

Can I keep the IRA match if I withdraw money from my IRA?

Contributions to a Robinhood Retirement account must be held for at least five years to avoid an early IRA match removal fee. This fee is equal to the IRA match amount earned.

Is day trading stocks on Robinhood allowed?

Robinhood customers with margin accounts with balances less than $25,000 are generally limited to no more than three day trades in a five trading day period. If you place your fourth day trade within any five trading day period, you'll be flagged as a pattern day trader. At this point, you'll need to have a portfolio value greater than $25,000 at the end of the trading day to continue day trading the next day. Robinhood notes that pattern day trading restrictions don't apply to cash accounts.

Why can't I withdraw money from Robinhood after selling?

After selling stocks or options, your funds must first settle before you can withdraw them. For equities and options, settlement takes one trading day (T+1). This means your proceeds are available to withdraw on the second trading day after your sale.

How do I close my Robinhood account?

To close your Robinhood account, select the account tab in the app, and then select the hamburger menu. Under the settings section, select Deactivate your account .