Robinhood Financial offers three types of accounts, each designed to suit your investing needs.
When you sign up for a new account, you’ll automatically start with a Robinhood Instant account, which is a margin account. This means you’ll have access to instant deposits and extended-hours trading. You also won’t have to wait for your funds to process when you sell stocks or make a deposit (up to $1,000).
A Robinhood Gold account is like a Robinhood Instant account, but gives you access to more buying power and larger instant deposits.
A Robinhood Cash account allows you to place commission-free trades during the standard and extended-hours trading sessions. You won’t have access to instant deposits or instant settlements. You can downgrade to a Cash account from an Instant or Gold account at anytime.
We don’t offer joint accounts, trusts, custodial accounts and IRA products at the moment, but we hope to in the future!