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:
Review our Fee Schedule for details.
Under UK regulations the market spread costs are considered ‘implicit third party costs’ as reflected in the 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 SEC is required by law to set the fee rate level that generates fees equal to the Commission’s appropriated amount. As of May 14, 2025, the SEC requires no further collections for this fiscal year, and set the fee rate at $0. This fee rate will remain in effect until 60 calendar days after a new fee rate is published by the SEC.
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 1 January 2026, the TAF will be $0.000195 per share (equity sells) and $0.00329 per contract (options sells). This fee is rounded to the nearest penny, which will be no greater than $9.79 per trade. Keep in mind, you may be charged more than the $9.79 fee because the fee limit is based on the execution of your order, which can occur with multiple 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.
As of 1 December 2025, our regulators are no longer charging a Consolidated Audit Trail (CAT) fee for equity and options orders.
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 $0.04 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 |
| DJX | Any contract | $0.17 |
| XND | Any contract | $0 |
There are a few costs you should be aware of before placing your first futures trade.
Fixed costs per contract traded Robinhood commission: $0.75 NFA regulatory fee: $0.02
Variable cost per contract traded Exchange fee for trades: $0.20 - $7.50
Exchange fee for cash settlements: $0.00 - $2.50
Learn more about futures commissions and fees here.
You can only deposit and withdraw funds in GBP. When you deposit GBP into your account, the GBP will not be automatically converted to USD. When you convert your GBP to USD or your USD to GBP, it will be converted at the rate of exchange prevailing at the time. Fluctuations in the USD/GBP exchange rate may affect the amount of GBP you ultimately realise. Converting currency within your account is subject to FX fees.