Robinhood: Fees, Features, and More (2026)
Robinhood delivers a streamlined, mobile‑first experience built around fractional share investing, $0‑commission options contracts, and integrated crypto trading (≈ 1 % fee). The platform supports bonds, CDs, margin, and even IRAs—yet deliberately omits mutual funds and advanced desktop tools, keeping the focus on quick, app‑based stock, ETF, and options trades with no minimum to open an account.
| Feature | |
|---|---|
| Website | https://robinhood.com/ |
| Broker Type | Online discount brokerage (mobile app, web, Legend) |
| Trading: Stock & ETF? | Yes |
| ETF & Stock commission | $0 commissions (SEC/FINRA sell fees may apply) |
| Fractional Shares? | Yes ($1 min; most NMS stocks/ETFs) |
| Percent Allocations? | No |
| Crypto Trading? | Yes (US-wide via Robinhood Crypto, LLC; all states, DC, PR, USVI) |
| Crypto Fees | MM routing: $0 commissions (RH rebate in spread); exchange routing: 0.00-0.95% volume-tiered maker/taker; transfers $0 + network fees |
| Options Trading? | Yes |
| Options Fee | $0 commissions for stock/ETF options; $0.35 Gold/$0.50 non-Gold per index contract plus regulatory/exchange fees |
| Bond Trading Available? | No (individual bonds/fixed-income not supported; bond ETFs/CEFs available) |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF/rebates from market makers for equities, options, and crypto) |
| Interface: Web trading? | Yes (web including Legend browser platform; iOS/Android mobile apps) |
| Desktop trading? | No; Robinhood Legend is a free browser-based (web) platform, not downloadable. |
| API Trading? | Yes for crypto (official US Crypto Trading API); no official stocks/equities trading API. |
| Mutual Funds: Offered? | No |
| Total Mutual Funds | 0 |
| NTF Mutual Funds | 0 |
| Non-NTF Fund Fee | N/A |
| Early Redemption Fee? | N/A |
| Redemption Hold (Days) | N/A |
| Early Redemption Fee | N/A |
| Accounts: Margin Accounts? | Yes |
| IRAs Offered? | Yes (Traditional and Roth; no SEP) |
| HSAs Offered? | No |
| Money Market Sweep? | Yes |
| CDs Offered? | No |
| Robo-Advisor: Offered | Yes (Robinhood Strategies hybrid managed portfolios) |
| Robo-Advisor Service | Robinhood Strategies |
| Robo-Advisor Fees | 0.25% AUM/yr; Gold ($5/mo): 0% over $100k ($250/yr cap). $50 min. ETF expenses extra. |
| Basics: Headquarters | Menlo Park, CA |
| Year Founded | 2013 |
| Clearing Firm | Robinhood Securities, LLC |
| Local Branches? | No |
| New Account Minimum | $0 |
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