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Written by Cho Evelína on March 1, 2023
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What Is Robinhood Gold And How Much Does It Cost?

Robinhood is a popular app-based brokerage that has been shaking up the world of investing with its commission-free trades and user-friendly interface.

In addition to their free basic service, Robinhood also offers a premium service called Robinhood Gold.

But what exactly is Robinhood Gold, and how much does it cost?

What Is Robinhood Gold?

Robinhood Gold is a suite of tools and features designed to enhance your investing experience.

  • With Gold, you can access a range of premium features, including 4.15% interest on your uninvested brokerage cash with cash sweep (1.5% without Gold), bigger instant deposits, professional research from Morningstar, and level II market data from Nasdaq.
  • Additionally, Gold provides access to margin investing at a rate of 7.25% (11.25% without Gold).

These rates are subject to change with the Federal Funds Interest Rate, so check the official Robinhood website for current rates.

How Much Is Robinhood Gold?

So how much does Robinhood Gold cost? The service is priced at $5 per month, which gives you access to all of the premium features mentioned above.

You can try Gold for free for the first 30 days, and during this period, the $5 monthly fee will be waived. If you choose to use margin investing during your trial period, you’ll be charged 7.25% yearly interest on any amount you borrow over $1,000.

If you decide to continue using Gold after your free trial ends, you will be charged $5 at the beginning of each billing cycle, which lasts for 30 days. You can choose to not enable margin investing when you sign up for Robinhood Gold and use all of the other premium features.

How To Downgrade From Gold

If you want to downgrade from Gold, you can do so at any time by going to the Robinhood Gold section of your account settings and tapping "Cancel membership."

If you downgrade, you will immediately lose access to the premium features, including the lower margin interest rate offered with Gold and the higher brokerage cash sweep rate.

Final Thoughts

In conclusion, Robinhood Gold is a premium service that offers a range of powerful investing tools and features.

For $5 per month, you can access cash sweep, bigger instant deposits, professional research, level II market data, and margin investing.

If you're interested in taking your investing to the next level, Robinhood Gold might be worth considering.

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.

Article written by Cho Evelína

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