Account Types



When you sign up for a new account, you will automatically be given a standard Robinhood account. This basic account is a limited margin account because you'll have access to instant settlement and instant deposits, which will allow you to immediately begin trading with up to $1,000 of the money you deposit without waiting for it to settle. 

We use a limited margin account type offered by our clearing partner to power Robinhood. This allows us to credit your account the exact amount of your stock sale during the two day settlement period. You may learn more about stock settlement here.

Keep in mind that because these are limited margin accounts, you’ll be subject to margin account regulations while using Robinhood, including those on day trades.

This is not a traditional margin account. You will not be able to borrow more cash than in your account (leverage) or sell stocks which you do not own (short sell). While traditional margin accounts have the risk of incurring a loss greater than your account balance, we have specifically designed Robinhood to avoid that possibility. That being said, we plan to offer these features–leverage, shorting, and options–in the future, but those will require separate upgrade processes.

Robinhood Gold

Check out Robinhood Gold–our fully leveraged margin accounts!

Cash accounts

You will always have the option to downgrade to a cash account, which does not grant you instant deposits or instant settlement. Cash accounts are not regulated like margin accounts. To downgrade to a cash account, open your app and go to Account > Day Trade Settings > Turn off Instant Settlement.

We'll just need confirmation that you have $0.00 in unsettled funds and no pending transactions. Once we receive your request, we should be able to downgrade your account within a few trading days.

Other account types

In the future, we hope to support joint, custodial, trust, and IRA account types.

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