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Robinhood Fees & Features

StockBrokers.com

Written by StockBrokers.com

August 08, 2023

The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.

In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.

Trading fees

Feature Robinhood logoRobinhood Definitions
Minimum Deposit $0.00
Stock Trades $0.00
Mutual Fund Trade Fee N/A
Options (Base Fee) $0.00
Options (Per Contract) $0.00
Futures (Per Contract) (Not offered)
Broker Assisted Trade Fee N/A

Account fees

Feature Robinhood logoRobinhood
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) info $100.00
Account Transfer Out (Full) info $100.00
Options Exercise Fee $0.00
Options Assignment Fee $0.00

Margin rates

Feature Robinhood logoRobinhood
Margin Rate Under $25,000 12% info
Margin Rate $25,000 to $49,999.99 12% info
Margin Rate $50,000 to $99,999.99 12% info
Margin Rate $100,000 to $249,999.99 12% info
Margin Rate $250,000 to $499,999.99 12% info
Margin Rate $500,000 to $999,999.99 12% info
Margin Rate Above $1,000,000 12% info

Investment options

Feature Robinhood logoRobinhood Definitions
Stock Trading info Yes Offers stock trading.
Margin Trading Yes
Fractional Shares info Yes Customers can buy and sell less than one whole share of a stock, e.g., half a share of Apple (AAPL).
OTC Stocks info Yes Offers OTC stocks trading.
Options Trading info Yes Offers options trading.
Complex Options Max Legs info 4 The max number of individual legs supported when trading options (0 - 4). For example, Iron Condor has four total legs.
Futures Trading info No Offers futures trading.
Forex Trading info No Offers forex trading.
Crypto Trading info Yes Offers cryptocurrency trading.
Crypto Trading - Total Coins info 15 Total number of individual coins offered, e.g., Bitcoin.
Mutual Funds (No Load) info 0 Total number of No Load mutual funds offered.
Mutual Funds (Total) info 0 Total number of mutual funds offered.
Bonds (US Treasury) info No Offers US treasury bonds trading via the website, mobile app, or trading platform. Phone orders do not count.
Bonds (Corporate) info No Offers corporate bonds trading via the website, mobile app, or trading platform. Phone orders do not count.
Bonds (Municipal) info No Offers municipal bonds trading via the website, mobile app, or trading platform. Phone orders do not count.
Advisor Services info No Offers formal investment advisory services.
International Countries (Stocks) info 0 Total countries, outside of the United States, that clients have access to for trading EQUITIES over the web. ADRs and phone trades do not count. For example, if customers can purchase shares of companies listed on the TSX, then Canada would be one country.
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Order types

Feature Robinhood logoRobinhood Definitions
Order Type - Market info Yes Offers order type: market.
Order Type - Limit info Yes Offers order type: limit.
Order Type - After Hours info Yes Trading during pre and post market hours using limit orders.
Order Type - Stop info Yes Offers order type: stop.
Order Type - Trailing Stop info Yes Offers order type: trailing stop.
Order Type - OCO info No Offers order type: one cancels other (OCO).
Order Type - OTO info No Offers order type: one triggers other (OTO).
Order Type - Broker Assisted info No A broker-assisted trade over the phone.

Beginners

Feature Robinhood logoRobinhood Definitions
Education (Stocks) info Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being stocks. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (ETFs) info No Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being ETFs. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (Options) info Yes Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being options. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (Mutual Funds) info No Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being mutual funds. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (Bonds) info No Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being bonds (fixed income). All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count.
Education (Retirement) info No Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being retirement. Platform tutorials, FAQs, etc do NOT count.
Retirement Calculator info No Offers a retirement calculator.
Investor Dictionary info Yes An online dictionary of at least 50 investing terms.
Paper Trading info No Offers the ability to use a paper (practice) portfolio to place trades.
Videos info No Provides at least 10 educational videos. A video is a short clip, typically several minutes in duration, that explains a trading concept, term, or strategy. Archived webinars and platform demos do NOT count.
Webinars info No Provides educational client webinars through the web, at least one per month.
Webinars (Archived) info No Provides an archived area to search and watch previously recorded client webinars.
Progress Tracking info No Clients can track their progress and see which articles and/or videos they've completed to date.
Interactive Learning - Quizzes info No Quizzes offered within the education center. Must include multiple questions and score results. Example service provider - Morningstar, InvestingTeacher.com
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Stock trading apps

Feature Robinhood logoRobinhood Definitions
iPhone App info Yes Offers a downloadable iPhone app through the iOS app store.
Android App info Yes An Android smartphone app available in the Google Play store.
Apple Watch App info Yes Offers a downloadable Apple Watch app through the iOS app store.
Trading - Stocks info Yes Stocks trades supported in the mobile app.
Trading - After-Hours info Yes After-hours trading supported in the mobile app.
Trading - Simple Options info Yes Single-leg option trades supported in the mobile app.
Trading - Complex Options info Yes Multi-legged option trades supported in the mobile app.
Order Ticket RT Quotes info Yes Mobile app order ticket displays real-time quote.
Order Ticket SRT Quotes info Yes Mobile app order ticket displays streaming real-time quote.

Stock app features

Feature Robinhood logoRobinhood Definitions
Market Movers (Top Gainers) info Yes Stocks top gainers list viewable in the mobile app.
Stream Live TV info No Stream live TV in the mobile app. Examples - CNBC, Bloomberg.
Videos on Demand info No View archived stock news from the web. Example service providers: Bloomberg, CNBC.
Stock Alerts info Yes Can set basic stocks alerts for individual stocks. For example, send a price alerts when stock XYZ hits price $x.
Option Chains Viewable info Yes View an option chain in the mobile app.
Watch List (Real-time) info Yes Watch list in mobile app uses real-time quotes.
Watch List (Streaming) info Yes Watch list in mobile app uses streaming real-time quotes. More specifically, the watch-list must auto-refresh at least once every three seconds.
Watch Lists - Create & Manage info Yes Can create and manage (delete, rename) watch lists in the mobile app.
Watch Lists - Column Customization info Yes Can customize data fields displayed in the mobile app watch list tool.
Watch Lists - Total Fields info 3 Total available fields when viewing a watch list. Examples: price, symbol, bid, ask, volume.

Stock app charting

Feature Robinhood logoRobinhood Definitions
Charting - After-Hours info Yes Stock charts in mobile app display after-hours trade activity.
Charting - Can Turn Horizontally info No Ability to rotate the smartphone while viewing a stock chart to see it in horizontal mode or vertical mode.
Charting - Multiple Time Frames info Yes Adjust the time frame while viewing a stock chart in the mobile app. Examples: 1m, 5m, 1hr, daily, weekly, monthly.
Charting - Technical Studies info 6 How many technical studies / indicators are available to add to a stock chart in the mobile app.
Charting - Study Customizations info Yes Customize technical indicators / studies within the mobile app. Examples: range, color, type.
Charting - Stock Comparisons info No Display multiple stock charts at once for performance comparison in the mobile app.

Trading platforms overview

Feature Robinhood logoRobinhood Definitions
Active Trading Platform info The flagship trading platform.
Desktop Trading Platform info No A downloadable Windows- or Mac-based desktop trading platform.
Desktop Platform (Mac) info No Offers an OSX compatible downloadable trading platform (not browser-based or through a windows emulator, e.g., Parallels).
Web Trading Platform info Yes Offers a web (browser) based trading platform.
Paper Trading info No Offers the ability to use a paper (practice) portfolio to place trades.
Trade Journal info No Provides a trade journal for writing notes. All entries are dated, titled, and may be tagged with a specific stock ticker. Adding text notes to individual stock charts does NOT count.
Watch Lists - Total Fields info 3 Total available fields when viewing a watch list. Examples: price, symbol, bid, ask, volume.

Trading platform stock chart features

Feature Robinhood logoRobinhood Definitions
Charting - Adjust Trades on Chart info No The ability to see an open order - limit, stop, or similar - on a stock chart then click and drag to adjust its execution price.
Charting - Indicators / Studies info 6 The total number of indicators / studies available to be included on a stock chart. Examples: SMA, MACD, RSI.
Charting - Drawing Tools info 0 The number of drawing tools available for analyzing a stock chart. Examples include: pointer, trendline, arrow, note.
Charting - Notes info No Add notes to any stock chart.
Charting - Index Overlays info No Adding an index (S&P 500 or similar) overlay to a stock chart.
Charting - Historical Trades info No The ability to see past buy and sells, typically marked with a buy or sell symbol, on the stock chart.
Charting - Corporate Events info No Can show or hide multiple corporate events on a stock chart. Examples: dividends, earnings, splits, news.
Charting - Custom Date Range info No The ability to select a user-defined start and end date for individual stock charts, e.g. 06/05/17 - 07/19/17
Charting - Custom Time Bars info No Ability to set a custom time interval for each bar. For example, instead of using traditional 5m bars, have 3m bars, 2m bars, or 17m bars. Instead of a daily chart, set a 6 day bar, 2d bar, or similar.
Charting - Automated Analysis info No Can show or hide automated technical analysis (patterns) on a chart. Service provider example: Trading Central (Recognia).
Charting - Save Profiles info No Ability to modify a stock chart then save the marked up chart as a custom profile. For example, a two-year daily chart with a 50 SMA, MACD, and average daily volume bars below.
Trade Ideas - Technical Analysis info No A tool that generates stock trade ideas based off of technical analysis. Service provider example: Trading Central (Recognia).
Charting - Study Customizations info 1 The number of customizations possible for the SMA indicator / study. Examples: length, color, style.
Charting - Custom Studies info No The ability to create a custom indicator / study from scratch using code and have it display on a chart. Editing a default indicator / study does not count.
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Day trading features

Feature Robinhood logoRobinhood Definitions
Streaming Time & Sales info No Streaming time & sales for any equity viewable.
Streaming TV info No Offers live TV. Examples - CNBC, Bloomberg.
Direct Market Routing - Stocks info No Ability to route stock orders directly to a specific exchange designated by the client.
Ladder Trading info No A ladder tool provides active trading clients the ability to one click buy and sell equities off a real-time streaming window of fanned bids and asks.
Trade Hot Keys info No Ability to designate keyboard hotkeys for on the fly trading.
Level 2 Quotes - Stocks info No info Level II stock quotes available.
Trade Ideas - Backtesting info No A tool that backtests different investment strategies, typically focused on technical events, and displays the results. Example service providers: Trade-Ideas, Trading Central (Recognia).
Trade Ideas - Backtesting Adv info No A fully customizable, advanced backtesting tool provided by the broker directly. Third-party providers do not count.
Short Locator info No Tool that allows customers to view the current real-time availability of shares available to short by security.
Order Liquidity Rebates info No Offers an optional commissions structure for professionals which grants the trader full control of the order routing to market centers, thus enabling maker/taker liquidity rebates.

Investment research overview

Feature Robinhood logoRobinhood Definitions
Research - Stocks info Yes Offers stock research. Can view quote results for 4 of the 5 following tickers: Facebook, Apple, Amazon, Netflix, Google.
Research - ETFs info Yes Offers ETFs research. Can view quote results for 4 of the 5 following tickers: SPY, GLD, OIH, QID, FAZ.
Research - Mutual Funds info No Offers mutual funds research. Can view quote results for all three of the following tickers: VTSAX, FXAIX, SWPPX.
Research - Pink Sheets / OTCBB info Yes Offers pink sheet / OTCBB research. Can view quote results for 2 of the 3 following tickers: FNMA, IMBBY, TCEHY.
Research - Bonds info No Offers bonds (fixed income) research. Can view quote results for fixed income securities such as individual US Treasuries.
Screener - Stocks info No Offers an equities screener.
Screener - ETFs info No Offers an ETF screener.
Screener - Mutual Funds info No Offers a mutual fund screener.
Screener - Bonds info No Offers a bond screener. **Note - ETF bond screeners do NOT count.
Misc - Portfolio Allocation info No Displays a pie graph or bullet list breakdown of the customer's current portfolio including % allocations. Examples: domestic equities, foreign equities, bonds, cash, fixed income.

Stock research features

Feature Robinhood logoRobinhood Definitions
Stock Research - PDF Reports info 0 info Total number of downloadable PDF research report providers available for equities research (using symbol AAPL). Examples: S&P Capital IQ, Thomson Reuters, Ned Davis Research.
Stock Research - Earnings info Yes View analysis of past earnings. At least one chart / graph required. Examples: Consensus vs actual data, EPS growth, sales growth.
Stock Research - Insiders info No View a list of recent insider transactions.
Stock Research - Social info No View social sentiment analysis, eg twitter analysis (NOT just a stream of recent tweets), for individual equities.
Stock Research - News info Yes View a stream of recent news.
Stock Research - ESG info No Provides Environmental, Social, Governance (ESG) criteria scores.
Stock Research - SEC Filings info No View a list of recent SEC filings.

ETF research features

Feature Robinhood logoRobinhood Definitions
ETFs - Strategy Overview info Yes A written description of the fund's objective.
ETF Fund Facts - Inception Date info Yes ETF inception date listed.
ETF Fund Facts - Expense Ratio info Yes ETF expense ratio listed.
ETF Fund Facts - Net Assets info Yes ETF net assets listed.
ETF Fund Facts - Total Holdings info Yes ETF total holdings listed.
ETFs - Top 10 Holdings info Yes A list of the ETF's top 10 holdings.
ETFs - Sector Exposure info Yes A pie chart or bullet list breakdown of the ETF's sector exposure / weightings.
ETFs - Risk Analysis info No The ability to view risk metrics. This is most commonly provided as a rating and/or volatility metric.
ETFs - Ratings info No Are third party ratings available for the ETF SPY? Examples: Morningstar, Lippers.
ETFs - Morningstar StyleMap info No The infamous Morningstar Equity StyleMap (or equiv provider) which visually marks the ETF's investment strategy in one of nine boxes.
ETFs - PDF Reports info No Are downloadable research reports available for the ETF SPY? Examples: Morningstar, S&P Capital IQ.
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Mutual fund research features

Feature Robinhood logoRobinhood Definitions
Mutual Funds - Strategy Overview info No A written description of the fund's objective.
Mutual Funds - Performance Chart info No Is a stock chart available of the fund VTSMX?
Mutual Funds - Performance Analysis info No The ability to view multi-year historical performance.
Mutual Funds - Prospectus info No Access to the fund's prospectus in PDF format.
Mutual Funds - 3rd Party Ratings info No Are 3rd party ratings available for the fund VTSMX? Examples: Morningstar, Lippers.
Mutual Funds - Fees Breakdown info No A clear breakdown of the fund's fees beyond just the expense ratio. 12b-1, minimum investment, total fees estimate, all examples of a detailed breakdown.
Mutual Funds - Top 10 Holdings info No A list of the fund's top 10 holdings.
Mutual Funds - Asset Allocation info No A pie chart or bullet list breakdown of the fund's asset allocation.
Mutual Funds - Sector Allocation info No A pie chart or bullet list breakdown of the fund's sector allocation.
Mutual Funds - Country Allocation info No A pie chart or bullet list breakdown of the fund's country allocation. Continent allocation also acceptable.
Mutual Funds - StyleMap info No The infamous Morningstar StyleMap (or equiv provider) which visually marks the fund's investment strategy in one of nine boxes.
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Options trading overview

Feature Robinhood logoRobinhood Definitions
Option Chains - Basic View info Yes A basic option chain displaying calls and puts.
Option Chains - Strategy View info No A basic option chain filtered by option strategy. Examples: calls, puts, butterfly, calendar.
Option Chains - Streaming info Yes Option chains with streaming real-time data.
Option Chains - Total Columns info 17 Option chains total available columns for display. Duplicates do not count.
Option Chains - Greeks info 5 When viewing an option chain, the total number of greeks that are available to be viewed as optional columns. Greeks = delta, gamma, theta, vega, rho.
Option Chains - Quick Analysis info Yes The ability to jump straight from the option chain to a P&L chart or probability chart for deeper analysis. Viewing a summary P&L within the chain itself also qualifies.
Option Analysis - P&L Charts info Yes When analyzing a theoretical option trade, a P&L chart is available.
Option Probability Analysis info No A basic probability calculator.
Option Probability Analysis Adv info No A tool to analyze a hypothetical option position. Displays a probability histogram / chart with optional customizations.
Option Positions - Greeks info Yes View at least two different greeks for a currently open option position.
Option Positions - Greeks Streaming info Yes View at least two different greeks for a currently open option position and have their values stream with real-time data.
Option Positions - Adv Analysis info No Ability to analyze an active option position and change at least two of the three following conditions - date, stock price, volatility - and assess what happens to the value of the position.
Option Positions - Rolling info Yes Ability to pre-populate a trade ticket and seamlessly roll an option position to the next relative expiration.
Option Positions - Grouping info Yes Ability to group current option positions by the underlying strategy: covered call, vertical, etc. Can be done manually by user or automatically by the platform.
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Banking features

Feature Robinhood logoRobinhood Definitions
Bank (Member FDIC) info No Operates a regulated bank as a registered member of the FDIC (Federal Deposit Insurance Corporation) - fdic.gov.
Checking Accounts info No Offers formal checking accounts and checking services. To qualify, checking services must be marketed on the website as a client service. Basic checking through the clearing firm does not count.
Savings Accounts info No Offers savings accounts.
Credit Cards info No Offers credit cards.
Debit Cards info Yes Offers debit cards as part of a formal banking service.
Mortgage Loans info No Offers mortgage loans.

Customer service options

Feature Robinhood logoRobinhood Definitions
Phone Support (Prospect Customers) info No Offers phone support for prospective customers.
Phone Support (Current Customers) info Yes Offers phone support for current customers (includes click to call back).
Email Support info Yes Email support for clients.
Live Chat (Prospect Customers) info No Live chat support for prospective customers.
Live Chat (Current Customers) info Yes Live chat support for current customers.
24/7 Support info Yes Is customer service offered 24 hours, 7 days a week?

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