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How do I downgrade from Gold?

You can end your Robinhood Gold subscription and downgrade to an Instant account by going to the Robinhood Gold section of your account settings and tapping Downgrade from Gold. If you downgrade, you’ll immediately lose access to the premium features and will be charged any interest accumulated during the billing cycle.

Be sure to cancel your subscription before your next billing date to avoid being charged a renewal for another 30 days of Gold. You can find the billing date in the Robinhood Gold section of your account settings. Every time you upgrade your account, your billing cycle will reset to 30 days and you will be charged the $5 monthly fee.

There are a few requirements you have to meet in order to downgrade your account:

  1. You aren’t currently investing on margin (aka have a margin balance)

  2. You aren’t currently using Instant Deposits over $1,000

  3. You don’t have any pending orders that utilize margin

  4. You have more cash than pending accrued interest

  5. You have enough cash to cover your options collateral requirements

How do I reduce my margin balance?

To reduce your margin balance, you can deposit funds or liquidate any of your positions. You can see your current margin used in your account overview (Account tab > Menu > Investing) or on the Buying Power breakdown screen (Investing tab > Buying Power).

How do I stop using bigger Instant Deposits?

As soon as your deposits settle, you won’t be using Instant Deposits anymore—your transferred funds will take the place of any transactions you made using them. Bank deposits can take up to five business days to complete.

If you want to stop using Instant Deposits sooner, you can sell enough of your positions to meet the amount used over $1,000.

How do I cancel my pending orders?

To cancel pending orders that utilize margin, follow these instructions.

How do I know how much interest I’ve accrued?

You can find your current unpaid interest balance in your account settings under Robinhood Gold.

What are the options collateral requirements?

You can find the collateral requirements per contract by clicking on your option position. You can also find the total collateral required in your buying power breakdown. You can deposit enough funds to cover the collateral requirements and then downgrade from Gold once the deposit is complete.

If you do decide to upgrade to Robinhood Gold again in the future, your account will be charged the $5 fee upon activation and at the beginning of each new 30-day billing cycle.

If you’re still having trouble downgrading or if you’d like to downgrade to a Cash account, please contact us.

Note

You may still require the use of margin to satisfy exercise or assignment on certain options trades even if you turn off the margin investing feature and downgrade from Robinhood Gold.


Disclosures

All investments involve risk and loss of principal is possible. Margin involves the risk of greater investment losses. For more information, please see FINRA’s Investor Alert and Robinhood Financial’s Customer Relationship Summary, Margin Disclosure Statement, and Margin 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.

Robinhood Financial LLC is a registered broker dealer (member SIPC). Robinhood Securities, LLC (member SIPC) provides brokerage clearing services. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).

Reference No. 20210911-1832940-5639694