Robinhood Financial is an SEC-registered broker-dealer, and a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). This means stocks and options in your account are protected up to $500,000 (including $250,000 for claims for cash). For details, check out the SIPC website, and for more information on Robinhood Financial, you can find us on FINRA Broker Check.
Keep in Mind: Cryptocurrency investments through Robinhood Crypto are not protected by SIPC and that Robinhood Crypto is not a member of FINRA or SIPC.
The Robinhood Security Team uses a number of high-level measures and industry best practices to protect your account, ensuring your experience with us is safe and secure.
Here are some of those security measures:
- Your account password is hashed using the industry-standard BCrypt hashing algorithm, and it’s never stored in plaintext.
- Sensitive details, such as your social security number, are encrypted before they’re stored.
- Our mobile and web applications securely communicate with our servers using the Transport Layer Security (TLS) protocol with the most up-to-date configurations and ciphers.
- We don’t store your online banking credentials, and we never will. Your banking credentials are used once to authenticate and verify that the specified account belongs to you.
You can secure access to your mobile app using TouchID, FaceID, or a custom pin code. We also offer two-factor authentication with an external authenticator app or via SMS.