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?
Robinhood is a popular "all-in-one" investing app.
While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.
Introducing Robinhood Retirement; home of the biggest IRA match on the market.
Here's what you need to know:
And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.
Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.
Robinhood Gold is a suite of tools and features designed to enhance your investing experience.
These rates are subject to change with the Federal Funds Interest Rate, so check the official Robinhood website for current rates.
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.
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.
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.
Don't forget to grab your free stock worth up to $200 from Robinhood today!