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 other brokers do charge for, or they only charge a small amount. This means that you can use Robinhood even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Robinhood's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | Stock and ETF trading is free |
| EURUSD fee | - | Not available |
| US tech fund fee | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Robinhood fees
Robinhood fees explained
We compare Robinhood fees with its closest competitors, SoFi Invest and Webull.
Robinhood fees
Robinhood trading fees
Robinhood's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into 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.
| Robinhood | SoFi Invest | Webull | |
|---|---|---|---|
| US stock | $0.0 | $0.0 | $0.0 |
| UK stock | - | - | - |
| German stock | - | - | - |
Options fees
Robinhood's options fees are low.
| Robinhood | SoFi Invest | Webull | |
|---|---|---|---|
| US stock index options | $0.0 | - | $0.0 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Financing rates
Robinhood financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Robinhood | SoFi Invest | Webull | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Robinhood fees
Robinhood non-trading fees
When it comes to looking at all the non-trading fees Robinhood is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Robinhood that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Robinhood | SoFi Invest | Webull | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
Robinhood fees
Robinhood deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Robinhood is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Robinhood offers.
| Robinhood | SoFi Invest | Webull | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
Robinhood fees
Robinhood withdrawal fee
Unlike some online brokers we have reviewed Robinhood does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| Robinhood | SoFi Invest | Webull | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Robinhood fees
Robinhood inactivity fee
Robinhood does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
