Open my account | Robinhood (2024)

DEMOCRATIZE FINANCE FOR ALL™

PARTICIPATION IS POWER™

Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Check out Robinhood Financial’s Fee Schedule for details.

As an expert with a deep understanding of the financial landscape and the democratization of finance, it's evident that the provided information belongs to Robinhood, a well-known financial services company that has made waves in the industry. My expertise allows me to dissect the key concepts and elements within the given text:

Brokerage Services:
- Robinhood Financial LLC (RHF) is mentioned as a registered broker-dealer, providing brokerage services for self-directed individual cash or margin brokerage accounts.
- Robinhood Securities, LLC (RHS) is highlighted as another registered broker-dealer, handling clearing services.
Cryptocurrency Services:
- Robinhood Crypto, LLC (RHC) is introduced as the entity offering cryptocurrency services, licensed by the New York State Department of Financial Services to engage in virtual currency business activity.
Spending Account:
- The Robinhood spending account is offered through Robinhood Money, LLC (RHY), a licensed money transmitter.
Prepaid Card:
- The Robinhood Cash Card is identified as a prepaid card issued by Sutton Bank, Member FDIC, with a license from Mastercard®.
Affiliated Entities:
- RHF, RHY, RHC, and RHS are mentioned as affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc.
Risk Disclaimer:
- Products offered by RHF are clarified as not FDIC insured, involving risk, including the possible loss of principal.
- RHC is emphasized as not being a member of FINRA, and accounts are not FDIC insured or protected by SIPC.
Options Trading Risk Disclosure:
- A clear disclaimer about the significant risk associated with options trading is provided.
- Customers are urged to read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies.
Commission-Free Trading:
- Robinhood promotes commission-free trading of stocks, ETFs, and options for self-directed individual cash or margin brokerage accounts.
Fee Structure:
- A reminder that while commissions are $0, other fees such as trading fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply. A reference to the Fee Schedule for details is provided.

In conclusion, the information encompasses a range of financial services provided by Robinhood, including brokerage and cryptocurrency services, spending accounts, and prepaid cards. The risk associated with certain products is emphasized, aligning with the platform's commitment to transparency. Users are encouraged to review the provided legal and regulatory information for a comprehensive understanding of the terms and conditions.