Why can’t I use all of my Gold Buying Power to buy a stock?
You can use all of your Gold Buying Power when you buy stocks, though sometimes you can’t invest it all in one, single stock. This is because U.S. federal laws require all brokerages, including Robinhood, to have safeguards to prevent customers from losing too much money on a single, high-risk investment.
Some examples where you can’t use your full Gold Buying Power on a single stock include leveraged ETFs, newly-publicly-traded stocks, and stocks priced at less than $3.00 per share (these stocks are at greater risk of being delisted).
You can keep track of how much of your Gold Buying Power you can invest in a given stock by checking the stock’s Detail page.