Robinhood Financial offers three types of accounts, each designed to suit your investing needs.
When you sign up for a new account, you’ll automatically start with a Robinhood Instant account, which is a margin account. This means you’ll have access to instant deposits and extended-hours trading. You also won’t have to wait for your funds to process when you sell stocks or make a deposit (up to $1,000).
A Robinhood Gold account is like a Robinhood Instant account, but gives you access to more buying power and larger instant deposits.
A Robinhood Cash account allows you to place commission-free trades during the standard and extended-hours trading sessions. You won’t have access to instant deposits or instant settlements. You can downgrade to a Cash account from an Instant or Gold account at anytime.
Note: We don’t offer joint accounts, trusts, custodial accounts and IRA products at the moment, but we hope to in the future!