How do I pay for Gold?

Your individual investing account will be charged the monthly subscription fee every 30 days at the beginning of each billing cycle (unless you opt for an annual subscription). If you have access to margin investing and use more than $1,000 of margin, you’ll pay 8% yearly interest on the settled margin amount you use over $1,000. Your interest is calculated daily and charged to your account at the end of each billing cycle.

Yes, you can find all Robinhood Gold fees and margin interest charges in your account history.

You can also find information about your next Gold billing cycle in Account → Menu (3 bars) → Robinhood Gold. The Robinhood Gold billing section includes:

• Plan: This indicates whether you have a monthly or annual plan.
• Next payment: The upcoming fee paid for Robinhood Gold. This will be automatically deducted from your individual investing account on the next Gold billing date.
• Next billing date: This is the next date on which you’ll be charged for Robinhood Gold.

If you have access to margin investing, you can find this information in Account → Menu (3 bars) → Margin Investing. In addition to the Gold fee and next fee billing date, Margin Investing also includes:

• Margin used: How much you’ve invested on margin. Interest is calculated daily based on your margin used over $1,000.
• Yearly interest rate: The yearly interest rate you pay for margin used over $1,000.
• Unpaid interest: The margin interest accumulated for the current billing cycle. This amount will be automatically deducted from your individual investing account on the next Gold billing date.

The first $1,000 of margin is included with your Gold fee. If you borrow more, you’ll pay 8% yearly interest.

Margin interest is calculated daily on your settled individual investing account cash balance at the end of the trading day. The daily interest rate is 8% divided by 360. For example, if you use $3,000 of margin, we’ll calculate $0.44 of daily interest as follows:

• $3,000 margin used
• $1,000 included with your Gold subscription, leaving $2,000 subject to interest
• $2,000 * (8% / 360) = $0.44 per day

We’ll charge your individual investing account every 30 days at the end of your billing cycle. You can always check the current status of your billing cycle and view unpaid interest in Account → Menu (3 bars) → Margin Investing.

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. Not all investors will be eligible to trade on margin. 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. Any examples are hypothetical, and don't reflect actual or anticipated results. All investments involve risk and loss of principal is possible.

For more information, review 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 charges a standard margin interest rate of 12% and a margin interest rate of 8% for customers who subscribe to Gold. The margin interest rate is calculated by adding 6.5% (for non-Gold customers) or 2.5% (for Gold customers) to the upper bound of the Target Federal Funds Rate, which is set by the Federal Reserve and is subject to change without notice. The formulas used to calculate the margin interest rate are subject to change at Robinhood Financial’s discretion. The margin rates shown are as of July 27, 2023 and might change at any time without notice and at Robinhood Financial’s discretion. The standard margin interest rate will be rolled out to customers who don't subscribe to Gold in phases over a period of time, subject to eligibility criteria, and so may not be available immediately to all customers.

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