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Robinhood review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Robinhood suits self-directed investors who want to trade without a per-trade charge and hold crypto in the same place. Stock trade fees sit at $0 and the account fee at $0, with a Bank of Lithuania licence and investor protection of EU ICS up to EUR 20,000.

Key facts

Best for
Beginners and day traders wanting commission-free multi-asset dealing in one app.
Minimum deposit
$0↗
Stock trade fee
$0↗
Account fee
$0↗
Inactivity fee
$0↗
Markets
Stocks, ETFs, Options, Futures, Crypto↗
Regulators
Bank of Lithuania (LSC), LT BL, SIPC↗
Investor protection
EU ICS up to EUR 20,000↗
Margin rate
3.95%↗
Options contract fee
$0↗
Deposit and withdrawal fees
$100 outgoing transfer↗
Platforms
Robinhood app, Robinhood Legend↗
Account types
IRA, Roth-IRA, Joint↗
Maximum retail leverage
10X↗
Legal entity
Robinhood Europe UAB↗
Headquarters
Lithuania↗
Founded
2013↗
Support channels
Email, Help-centre↗
Features
Crypto, Fractional shares, Options, Futures, Mobile app
Pricing model
Commission-free, Low fees
Audience
Beginners, Day traders
Official website
robinhood.com

Crypto exchanges

Coins listed
90↗
Fiat deposit methods
SEPA, Bank↗
Proof of reserves
Yes↗
Withdrawal fee
No Robinhood fee; network fees apply↗
Derivatives
Yes↗
Exchange type
Cex↗

Crypto wallets

Wallet type
Mobile↗
Price
$0↗
Custody
Self custody↗
Coins supported
90↗

Facts checked September 26, 2026, 12 sources

Apps and profiles

Get the app
App Store
Elsewhere
Wikidata

Pros and cons

Pros

  • Stock trades cost $0, with an account fee of $0 and an inactivity fee of $0
  • Minimum deposit of $0 plus fractional shares suit small sums
  • Options cost $0; crypto covers 90 coins on a centralised exchange
  • Bank of Lithuania regulated, with investor protection of EU ICS up to EUR 20,000

Cons

  • Support runs on email and help centre only, so there is no phone line
  • Retail accounts that lose money run at 72.03% on our broker data, and derivatives add risk
  • Options and futures are offered, so leverage reaches 10X
Robinhood

Ready to try Robinhood?

Scored 9.3 / 10 by SumCue.

See alternatives

Who it suits

  • Self-directed investors starting with small sums who want to trade without a per-trade charge
  • Day traders using the Robinhood app and Robinhood Legend across stocks, ETFs, options, futures and crypto
  • Crypto buyers who want self-custody on a centralised exchange alongside a brokerage account

Who should look elsewhere

  • bunq, a bank whose minimum deposit is €10 rather than a markets platform
  • CFI, whose markets reach forex and contracts for difference beyond stocks, etfs and forex

Fees and FX

The core costs are low: a stock trade fee of $0, an account fee of $0, an inactivity fee of $0 and an options fee of $0. The minimum deposit is $0, so accounts can be funded in small amounts. Margin is charged at a rate of 3.95%, which applies when you borrow to hold positions. Money leaving the platform carries a charge of $100 outgoing transfer, while crypto withdrawals carry No Robinhood fee; network fees apply.

How it compares on our data

Robinhood sits at the top of our rankings on every core cost line. It is ranked 1 of 142 brands on the account fee and 1 of 56 on the inactivity fee. The minimum deposit places it 1 of 218, and the stock trade fee ranks 1 of 166.

How Robinhood compares

Where Robinhood is available

Licence in Lithuania
Bank of Lithuania (LSC) (MiCA CASP 254900GTP4UXQO1UMI36), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in Lithuania
LT_BL (PSD_PI 306377915), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in United States
SIPC (SIPC member 69916), checked September 26, 2026

Frequently asked questions

How much does it cost to trade stocks on Robinhood?+

The stock trade fee is $0 and the account fee is $0, so holding a brokerage account open carries no charge. The minimum deposit is $0, and options trades cost $0. Margin borrowing is charged at a rate of 3.95% when you borrow to hold a position.

Is there an inactivity fee or minimum balance?+

The inactivity fee is $0, so an idle account is not charged. The minimum deposit is $0, which means a small first transfer is enough to start. Account types available include a traditional IRA, a Roth IRA and a joint account.

Who regulates Robinhood and what protection applies?+

Robinhood Europe UAB is supervised by the Bank of Lithuania, and its licence reads MiCA CASP 254900GTP4UXQO1UMI36. Investor protection is stated as EU ICS up to EUR 20,000, which covers eligible balances up to that limit. The same entity also appears on the SIPC register as SIPC member 69916.

What can I trade and how many crypto coins are available?+

Markets covered are stocks, ETFs, options, futures and crypto. Crypto listings number 90 coins on a centralised exchange, and the mobile wallet gives you self-custody, so keys sit with you. Derivatives are offered, and retail leverage goes up to 10X.

How do I deposit and withdraw money?+

Fiat deposits run by SEPA and standard bank transfer, so funding is a transfer from a bank account rather than a card payment. Robinhood itself charges no withdrawal fee, but network fees apply on crypto withdrawals. Money leaving the platform by transfer carries a charge of $100 outgoing transfer.

Which platforms and apps are available?+

You can work through the Robinhood app or Robinhood Legend, both listed as platforms. Features include fractional shares, crypto, options, futures and a mobile app, so buying a slice of a share is supported. The crypto wallet is a mobile wallet with self-custody.

What account types can I open?+

Account types include a traditional IRA, a Roth IRA and a joint account. Fees do not change by account type: the account fee is $0 and the options fee is $0 across the range. The intended audience is beginners and day traders, which suits a first account.

How do I get help if something goes wrong?+

Support channels are email and a help centre, so questions are handled in writing rather than by phone. That suits straightforward queries about orders, transfers and account changes. Anything time-sensitive may be slower to resolve than it would be with a phone line.

Sources

Compiled from 14 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Retail accounts that lose money.

Robinhood

Robinhood

Beginners and day traders wanting commission-free multi-asset dealing in one app.

9.3/10See alternatives