Trading and ADR fees on Robinhood
Investing with a Robinhood brokerage account is commission-free when trading stocks. We also don’t charge you fees to open or maintain your account.
However, contract fees apply when trading options and the following organisations charge Robinhood fees for trading, which we pass on to you:
Under U.K. regulations the market spread costs are considered implicit third-party costs, which is how we refer to these costs for regulatory costs and charges disclosures.
FINRA is required to pay this fee to the Securities and Exchange Commission (SEC) by law. To generate the funds necessary to do so, FINRA passes the fee on to its members, and many of these members, including Robinhood, pass the fee on to the customers. The fee is ultimately intended to cover the costs incurred by the US government, including the SEC, for supervising and regulating the securities markets and securities professionals. The rate is subject to annual and mid-year adjustments.
As of May 22, 2024, the SEC fee is $27.80 per $1 million of principal (only for sell orders), which is rounded up to the nearest penny. Robinhood doesn’t pass this fee on to you for sales with a notional value of $500 or less.
FINRA charges a trading activity fee (TAF) to brokerage firms like Robinhood to recover the costs of supervising and regulating these firms. We pass this fee to our customers, except for sales of 50 shares or less.
As of January 1, 2024, the TAF is $0.000166 per share (equity sells). This fee is rounded to the nearest penny, which will be no greater than $8.30 per trade. Keep in mind, you may be charged more than the $8.30 fee because the fee limit is based on the execution of your order, which can occur with multiple partial trades.
The SEC fee and the TAF are set by law and regulation that are subject to change without notice. Review our Fee Schedule before placing trades in your account.
American Depositary Receipts (ADRs) are certificates that represent non-US stocks that you can trade on US stock markets. The banks issuing these certificates may charge custodial fees that typically range from $0.01-$0.03 per share.
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.
Effective on or after March 3, 2025, the following transaction fees will be applied to all equity orders:
This amount covers charges by FINRA to support the ongoing maintenance of the Consolidated Audit Trail (CAT) system.
The Options Clearing Corporation (OCC) collects an Options Regulatory fee (ORF) that the US options exchanges charge their members in connection with options transactions.
The ORF varies by options exchange, where an options trade executes, and whether the broker who’s responsible for the trade is a member of a particular exchange.
The OCC also charges a clearing fee for clearing and settling trades across 16 exchanges. These fees are standard across the industry to help the OCC cover costs associated with supervising and regulating the options market.
Robinhood collects a combined $0.03 fee for each options contract traded to cover these fees.
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.
The contract fee is $0.50 for options and index options trading.
Exchanges also charge Robinhood trading fees for specific index option symbols that we charge you to cover our costs. The following table shows the fees.
| Index option symbol | Contract conditions | Fee per contract |
| SPX | Premium < $1 | $0.57 |
| SPX | Premium ≥ $1 | $0.66 |
| SPXW | Premium < $1 | $0.50 |
| SPXW | Premium ≥ $1 | $0.59 |
| VIX / VIXW | Contract is part of single-leg order and premium ≤ $0.10 | $0.10 |
| VIX / VIXW | Contract is part of single-leg order and premium between $0.11 and $0.99 | $0.25 |
| VIX / VIXW | Contract is part of single-leg order and premium between $1 and $1.99 | $0.40 |
| VIX / VIXW | Contract is part of single-leg order and premium ≥ $2 | $0.45 |
| VIX / VIXW | Contract is part of multi-leg order and premium ≤ $0.10 | $0.05 |
| VIX / VIXW | Contract is part of multi-leg order and premium between $0.11 and $0.99 | $0.17 |
| VIX / VIXW | Contract is not part of single-leg order and premium between $1 and $1.99 | $0.30 |
| VIX / VIXW | Contract is not part of single-leg order and premium ≥ $2 | $0.45 |
| XSP | Quantity executed < 10 | $0 |
| XSP | Quantity executed ≥ 10 | $0.07 |
| RUT / RUTW | Any contract | $0.18 |
| NDX / NDXP | Contract is part of single-leg order and premium < $25 | $0.25 |
| NDX / NDXP | Contract is part of single-leg order and premium ≥ $25 | $0.50 |
| NDX / NDXP | Contract is part of multi-leg order and premium < $25 | $0.50 |
| NDX / NDXP | Contract is not part of multi-leg order and premium ≥ $25 | $0.75 |
Robinhood U.K. Ltd (Robinhood UK) is a company registered in England and Wales (09908051) and is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services, securities lending, and margin investing to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.