Investing with a Robinhood investing account is commission free for stocks, ETFs, and their options. We don’t charge you fees to open or maintain your account.

However, the following regulatory organizations charge Robinhood fees for trading that we do pass on to you to cover our costs:

• The Financial Industry Regulatory Authority (FINRA) charges a regulatory transaction fee and trading activity fee for sell orders. All brokerages are charged these fees.
• Issuing banks may charge American depositary receipt fees.
• The Options Clearing Corporation charges for options regulatory and exchange fees.

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 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 this fee 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) and $0.00279 per contract (options 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 trades.

American depositary receipts (ADRs) are certificates that represent foreign 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.

The Options Clearing Corporation (OCC) collects an Options Regulatory fee (ORF) that the U.S. options exchanges assess 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 their central counterparty clearing and settlement services to 16 exchanges.

These fees are industry standard. The purpose of these fees is to recover a portion of the costs related to the OCC’s supervision and regulation of the options markets.

Effective January 10, 2025, Robinhood will collect a combined $0.04 fee for each options contract traded to cover our costs for these fees.

For information on futures commissions and fees, check out Before trading a futures contract.

Starting on or after September 30, 2025, the following transaction fees will be applied to all equity and options orders:

• $0.0022 per contract for options
• $0.000022 per share for National Market System (NMS) equities
• $0.00000022 per share for over-the-counter (OTC) equities

This amount covers charges by FINRA to support the ongoing maintenance of the Consolidated Audit Trail (CAT) system.

If you’re a Robinhood Gold customer, your contract fee is $0.35. Without a Gold subscription, the contract fee is $0.50.

Exchanges also charge Robinhood fees for index options trading that we pass on to you to cover our costs. The following table shows the fees for specific index option symbols.