With How much money do you need for Robinhood? You must have $25,000 in portfolio value (minus any cryptocurrency positions).
| Account minimum | $0 for brokerage account and for Robinhood Gold account. |
|---|---|
| Stock trading costs | $0. |
| Options trades | $0. |
| Account fees (annual, transfer, closing, inactivity) | No annual, inactivity or ACH transfer fees. $75 ACAT outgoing transfer fee. (Robinhood Gold costs $5 a month.) |
To purchase a security on margin, FINRA (a government-authorized regulator of brokerage firms) requires that you have at least $2,000 or 100% of the security’s purchase price (whichever value is less) deposited into your account. This is called the “margin minimum.” If you’re flagged as a pattern day trader, you must have $25,000 in portfolio value (minus any cryptocurrency positions) before you continue day trading.
Robinhood Securities, LLC (RHS) may also impose additional requirements and certain customers may not be eligible to use margin based on RHS internal guidelines.NOTE
If you’re borrowing on margin and fall under $2k portfolio value (minus any cryptocurrency positions), you’re at risk of a margin call and potential liquidation.
Disclosures
All investments involve risk including loss of principal. No investments are FDIC insured. All examples are hypothetical and do not reflect actual or anticipated results. Content is provided for informational purposes only; it does not constitute investment advice and is not a recommendation for any security, account type or feature, or trading strategy. Past performance does not guarantee future results.
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. 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.
Regardless of the underlying value of the securities you purchased, you must repay your margin debt. Robinhood Financial can change their maintenance margin requirements at any time without prior notice. If the equity in your account falls below the minimum maintenance requirements (varies according to the security), you’ll have to deposit additional cash or acceptable collateral. If you fail to meet your minimums, Robinhood Financial may be forced to sell some or all of your securities, with or without your prior approval.