Investing with Robinhood is commission free, now and forever. We don’t charge you fees to open your account, to maintain your account, or to transfer funds to your account.
However, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) do charge a small fee for stock sell orders. They charge these fees for all sell orders, regardless of the brokerage. Robinhood doesn’t benefit financially from these charges, and we pass them along to the relevant regulatory agencies when we collect them.
- SEC: $20.70* per $1,000,000 of principal. This fee is rounded up to the nearest penny.
- FINRA Trading Activity Fee (TAF): $.000119 per share. This fee is rounded up to the nearest penny and no greater than $5.95.
Feel free to check out our full Commission and Fees Schedule.
*On March 12th, 2019, the SEC announced that starting on April 16th, 2019, the SEC fee will change to $20.70 per $1,000,000 of principal (up from $13.00 per $1,000,000 of principal). You can read the SEC's announcement here.