If your brokerage portfolio value is lower than your margin maintenance requirements, you may have an account deficit. This doesn’t necessarily mean that you’re in a margin call. Resolve your account deficit by the end of the trading day to avoid margin calls and to open new positions.

In the majority of cases, account deficits due to portfolio value being below maintenance requirements will result in a margin call. If you are borrowing funds, and your portfolio value drops below the $2,000 regulatory requirement, you may be in an account deficit.

If you’re charged a fee, and this fee brings your portfolio value to one of the following, it will cause a brokerage account deficit:

• Below $2,000 when investing on margin or
• Below your margin maintenance requirement

Some of the most common fees that can cause an account deficit are fees associated with American Depositary Receipts (ADRs).

You can find all of your past fees in Account → History. Check out our fee schedule for details.

You can resolve an account deficit by depositing money or closing any open positions.

All investments involve risk including loss of principal. Margin investing involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation.

Robinhood charges a variable margin interest rate, which is subject to change without notice at Robinhood’s discretion. For more information, review FINRA’s Investor Alert and our Customer Relationship Summary, Margin Disclosure Statement, and Margin Account Agreement. These disclosures contain important information on Robinhood’s UK products and services, conflicts of interests, lending policies, interest charges, and the risks associated with margin investing enabled accounts.

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 and margin lending 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.

In relation to margin, Robinhood UK is acting as credit broker and not a lender. Margin is provided by Robinhood Securities, LLC. Robinhood UK and Robinhood Securities, LLC are part of the same group. Robinhood UK can only introduce customers for margin to Robinhood Securities, LLC. Margin is subject to Robinhood Securities, LLC's eligibility criteria and terms and conditions apply.