Trading with Robinhood Legend | Robinhood

Trading with Robinhood Legend

Robinhood Legend is a free, web-based advanced trading platform that enables you to build custom layouts and enter trades in seconds from your watchlist, chart or options chain. You can trade equities and options on Robinhood Legend.

You can enter trades in seconds from your watchlist, chart, options chain, or positions widget. Just double check that you’re trading in the intended account. You can switch between accounts by selecting the Account (person) icon.

Depending on how you open an order form, it may contain preset order details. You can always edit your order before submitting a trade.

Trading with legend - overview gif

Note

Preset order details are not a trading recommendation.

Trading equities

You can place an equities order from a variety of widgets in your layout:

From a watchlist widget

Hover over a row and select Trade to place a limit order. You can also right-click the row to select Trade.

From a positions widget

Hover over an equities position. You can also right-click a position.

  • Select Close to place a market order to sell
  • Select the three vertical dots then Set stop to place a stop market order. Set stop will also appear if the widget is wide enough.
  • Select the three vertical dots then Set limit to place a limit order
  • Select the three vertical dots then Increase position to place a market order to buy

To trade from a chart widget, check out Trading from the chart widget.

Depending on the scenario, the form will be set as either a limit, market, or stop market order. From there, you can choose another order type, decide whether you want to buy or sell, and edit the rest of your order details.

To cancel an open or partially filled order, hover over an order row in your recent orders widget and select Cancel. You can also right-click a position to find this option.

Trading options

You can place an options order from two widgets:

From an options chain widget

Select a bid or ask price for the contract you want to trade. To add more legs, just select the bid or ask on another contract and it will automatically be added to your order form.

  • Note: Selecting a bid sets the order form to sell. Selecting an ask sets the order form to buy.
  • Note: You can add up to 4 legs to a single order.
From a positions widget

Hover over an options position. You can also right-click a position.

  • Select Close to place an order to close your position
  • Select the three vertical dots then Set stop to place a stop market order. This option will also appear if the widget is wide enough.
  • Select the three vertical dots then Set limit to place a limit order
  • Select the three vertical dots then Increase position to place an order that will add to your current position
  • Select the three vertical dots then Exercise to exercise your option. Note: Index options cannot be exercised or assigned early

Once an order form opens, you can select your order type, decide whether you want to buy or sell, and edit the rest of your order details. For multi-leg trades, you can also see the current mark price for each of your legs, and edit your legs ratio.

Trading from the chart widget

You can trade stocks in a few different ways directly from your chart widget:

  • Select Buy or Sell (if you have a position) in the upper-left corner
  • Select the + icon on the right side of the chart
    • If above the current price, select Buy stop to place a buy stop market order (stop limit order for options)
    • If above the current price, select Sell limit to place a sell limit order
    • If below the current price, select Buy limit to place a buy limit order
    • If below the current price, select Sell stop to place a sell stop market order (stop limit order for options)
  • Right-click any point in the chart
    • If above the current price, select Buy stop to place a buy stop market order (stop limit order for options)
    • If above the current price, select Sell limit to place a sell limit order
    • If below the current price, select Buy limit to place a buy limit order
    • If below the current price, select Sell stop to place a sell stop market order (stop limit order for options)
  • If you have an open order, you can cancel that order right from the chart.
    • Select the X to cancel the order
  • If you have a position in an asset, it’ll show a pill with your open quantity and P&L plotted with its average cost.
    • Select and drag Stop down to select the price you’d like to place a stop market order at (stop limit order for options)
    • Select and drag Limit up to select the price you’d like to place a limit order at
    • Select the X to start a closing order for your position
Note

The order form will default to the price you selected, but you can edit this before submitting the trade.

Buying power

You can review your available buying power for trading by selecting Account (person icon). For more details, check out Settlement and buying power.

Disclosures

While there is no additional cost to use Legend, there are other fees associated with your individual investing account. Review Robinhood UK’s Fee Schedule for details. Robinhood Legend is only available to Robinhood investing customers.

Options are complex products, involve significant risk and are not suitable for all investors. You could lose more than your initial invested capital. You should only invest in financial products that match your knowledge and experience. Review Characteristics and Risks of Standardized Options prior to engaging in options trading.

As the Robinhood Legend trading platform is available in multiple jurisdictions, there may be Robinhood products shown on the platform that are not available to customers in the UK. Price data for such non-tradeable products is made available for information purposes only, and is not an offer, recommendation, inducement, or invitation to buy, sell, or hold any securities or other investments, or to engage in any investment activity or strategy.

Robinhood doesn’t endorse or adopt any particular investment strategy or approach to evaluating individual securities or assets. Robinhood Legend use is for informational purposes only and is not an offer, recommendation, inducement, or invitation to buy, sell, or hold any securities or other investments, or to engage in any investment activity or strategy. Some of the capabilities of Robinhood Legend may be different or absent from what is offered via the Robinhood mobile app or Robinhood classic. Be sure to understand these differences and what might work best for you.

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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) 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. In relation to margin investing, Robinhood U.K. is acting as credit broker and not a lender. Margin is provided by Robinhood Securities, LLC. Robinhood U.K. can only introduce you to Robinhood Securities, LLC for margin investing. Margin investing, stock lending and options trading are optional products and subject to Robinhood's eligibility and appropriateness criteria.

Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Review Robinhood UK’s Fee Schedule to learn more.

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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) 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. In relation to margin investing, Robinhood U.K. is acting as credit broker and not a lender. Margin is provided by Robinhood Securities, LLC. Robinhood U.K. can only introduce you to Robinhood Securities, LLC for margin investing. Margin investing, stock lending and options trading are optional products and subject to Robinhood's eligibility and appropriateness criteria.

Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Review Robinhood UK’s Fee Schedule to learn more.

UK Privacy policy

Robinhood, 70 Saint Mary Axe (Suite 404), London, England, EC3A 8BE. © 2025 Robinhood. All rights reserved.