You can upgrade to Gold in your mobile app:
- Tap on the Account icon in the upper left corner of the screen.
- Tap Robinhood Gold.
Updating Your Investment Profile
It’s our regulatory responsibility to ensure Robinhood Gold is in line with your investment goals. If your investment profile is out-of-date, you should update it during the Robinhood Gold upgrade process.
Gold Minimum Balance
Regulations require all brokerages, including Robinhood, to enforce a minimum portfolio value of $2,000 to open a margin account (like Robinhood Gold). You’ll receive a prompt to deposit funds to meet the minimum requirement if your account value is below $2,000. If you’re prompted to deposit funds, you can upgrade immediately after initiating a transfer.
The monthly price of Robinhood Gold depends on the tier you select–the price per month increases with the amount of Gold Buying Power the tier is allocated. No matter what tier you’re on,* you’ll pay a flat price just once a month.
Note: If you’re on the $200/month Gold tier, you’ll receive a charge for a 5% margin fee. For customers borrowing over $50,000 there’s an interest rate of 5% APR. For example, if you borrow $125,000, you’ll be charged interest on $75,000 ($125,000 - $50,000). The daily rate for borrowing $75,000 will be $10.41 ($75,000 x 5% /360).