The total maintenance requirement is the minimum portfolio value that you need to prevent a margin call.

To view your margin status and maintenance requirement details:

1. Within your account’s Investing page, select Buying power
2. Select the Margin status card to expand and view the following details:

• Low or High risk status reflects how close you are to a margin call.
• Portfolio value is the total value of the assets in your account, including cash, stocks, ETFs, options, futures, and crypto. Any margin you’re using is subtracted.
• Buffer is the difference between your portfolio value and your total maintenance requirement, and is used to gauge how close you are to a margin call.
• Positions show the top 3 positions in your portfolio based on maintenance requirements.
• Interest is calculated daily at the end of the trading day, by multiplying your qualifying settled balance by the margin interest rate divided by 360. Interest is accumulated daily and charged to your investing account every 30 days at the end of your billing cycle. The amount shown is your interest accrued on the previous day.

3. At the end of the Positions section, select View all to view your maintenance requirement details with the following information about each position:

• Total maintenance requirement is the minimum portfolio value that you have to maintain to prevent a margin maintenance call. Crypto holdings are not factored in when issuing margin calls.
• Maintenance requirement ratio is the minimum percentage of equity you need to have in a position while borrowing on margin. The requirement can range from 25%-100%.
• Maintenance requirement is the minimum amount of equity (in US dollars) you need to have in a position while borrowing on margin.
• Percent of total maintenance requirement shows how much the position contributes to your total maintenance requirement.
• Market value is the current value of the position.

To view your total maintenance requirement in real time, open this link.

Maintenance ratios are based on a model that considers certain factors of a stock, such as volatility and market liquidity. For example, stocks that are known to be more volatile typically have higher maintenance requirements to ensure you have enough portfolio value to cover the position if it quickly decreases in value.

If your portfolio value drops below your total maintenance requirement, you may get a margin call. You’ll need to bring your portfolio value back up to your total maintenance requirement, or risk forced liquidation. Crypto holdings are not factored in when issuing margin calls because they aren't securities and are held with our affiliate, Robinhood Crypto, LLC. Review How do I avoid a margin call for more details.

Your total maintenance requirement is based on the market value and maintenance ratio of each position in your portfolio. Check out the margin maintenance table (as described in the previous section) to view details about each position.

If you only own 1 stock, the calculation is simple. For example, let's say you have:

$10,000 of YOWL stock with a maintenance ratio of 50%

Your maintenance requirement would be calculated by multiplying the market value of your YOWL position ($10,000) and the maintenance ratio (50%), resulting in a requirement of $5,000 of equity. Any additional equity could then be available as buying power in your margin account.

With multiple positions, calculating your total maintenance requirement requires additional steps. Let’s say you have:

• $10,000 of YOWL stock with a maintenance ratio of 50%
• $10,000 of ABC stock with a maintenance ratio of 100%

Your total maintenance requirement is calculated by adding the requirement for each position:

($10,000 * 0.5) + ($10,000 * 1) = $15,000 (total maintenance requirement)

For this example, to meet your maintenance requirement and avoid a margin maintenance call, you’d need $15,000 of equity.

Also, because the ABC position has a maintenance ratio of 100%, it is considered non-marginable and requires 100% in equity to support it. Similarly, long options also have a 100% maintenance requirement.

All examples are hypothetical and don’t reflect actual or anticipated results. This content is provided for informational purposes only, doesn't constitute investment advice and isn't a recommendation for any security, account type or feature, or trading strategy. Past performance doesn’t guarantee future results.

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.

Regardless of the underlying value of the securities you purchased, you must repay your margin debt. Robinhood Financial can change its maintenance margin requirements at any time without prior notice. If the equity in your account decreases to less than the total maintenance requirement, you’ll have to deposit additional cash or acceptable collateral. If you fail to meet your minimums, Robinhood Financial may be forced to sell some or all of your securities, with or without your prior approval.

For more information, review FINRA’s Investor Alert and Robinhood Financial’s Customer Relationship Summary, Margin Disclosure Statement, and Margin Account Agreement. These disclosures contain important information on Robinhood Financial’s products and services, conflicts of interests, lending policies, interest charges, and the risks associated with margin investing enabled accounts.

Crypto trading and custodial services are offered through an account with Robinhood Crypto. Robinhood Crypto isn’t a member of SIPC or FINRA. Robinhood Crypto and Robinhood Financial are separate but affiliated entities. Crypto positions aren't securities and aren't FDIC insured or SIPC protected. For more information, review the Robinhood Crypto Risk Disclosure.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.