Robinhood Logo

Is Robinhood free?

Your expert
Adam N.
Fact checked by
Updated
1mo ago
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Is Robinhood free as of February 2024?

Robinhood is in fact a zero-commission broker when it comes to buying and selling stocks. Zero commission is especially useful if you trade relatively low volumes, like buying stocks for less than $500 per trade, because you won't be hit with any minimum fees the broker might charge.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

Keep in mind that at some brokers, you could incur non-trading charges like withdrawal or inactivity fees. Also, if you trade on margin, the margin rate charged by brokers can differ wildly. In the next chapter, we'll find out what these charges are at Robinhood and how they compare with fees charged by its closest competitors.

If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the Robinhood review.

Visit broker

New
Stock Fee Calculator

Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at Robinhood. To check and compare fees at other brokers, go to our main Fee calculator page.

Before doing so, check out our Privacy Policy and our General Terms and Conditions.

USD
Select stock
USD
BrokerChooser score
4.3 4.3 /5
Visit broker

Overview of Robinhood fees and charges

It's safe to say that Robinhood's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of Robinhood's fees

Robinhood Fees snapshot
Assets Fee level Fee terms
US stock fee Low Stock and ETF trading is free
EURUSD fee - FX not available
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

Visit broker

Robinhood fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare Robinhood fees with its closest competitors, SoFi Invest and Webull.

Visit broker

Robinhood trading fees

Robinhood's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at Robinhood.

Trading fees

Robinhood's trading fees are low.

Stock fees and ETF fees

Robinhood has low stock trading fees.

Stock fees of a $2,000 trade
US stock
$0.0
$0.0
$0.0
UK stock
-
-
-
German stock
-
-
-

Data updated on February 28, 2024

Options fees

Robinhood's options fees are low.

Options fees for 10 contracts
US stock options
$0.0
-
$0.0
US stock index options
$0.0
-
$5.5
UK stock index options
-
-
-
German stock index options
-
-
-

Data updated on February 28, 2024

Margin rates

Robinhood margin rates are high.

Robinhood margin rates
USD margin rate
12.0%
10.0%
9.7%
EUR margin rate
-
-
-

Data updated on February 28, 2024

Visit broker

Robinhood non-trading fees

When it comes to non-trading fees, Robinhood is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at Robinhood that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Robinhood stacks up in terms of non-trading fees
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
No
No
Account fee
No
No
No

Data updated on February 28, 2024

Visit broker

BrokerChooser score
4.3 4.3 /5
Visit broker

Robinhood deposit fee

Usually, brokers don't charge anything for deposits, and Robinhood is no different.

Robinhood deposit methods
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Deposit fee
$0
$0
$0

Data updated on February 28, 2024

Visit broker

Robinhood withdrawal fee

Robinhood generally doesn't charge a withdrawal fee.

Robinhood withdrawal fees and options compared
Bank transfer
Yes Yes Yes
Credit/debit card
No No No
Electronic wallets
No No No
Withdrawal fee for bank transfer
$0
$0
$0

Data updated on February 28, 2024

Visit broker

Robinhood inactivity fee

Robinhood does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

Visit broker

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Follow us

Regional settings

×
I'd like to trade with...