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.
© 2023 Robinhood. All rights reserved.
As an enthusiast deeply entrenched in the realm of finance and investment, I bring forth a wealth of knowledge and hands-on experience that spans various facets of the financial landscape. Having closely monitored and actively participated in the dynamic evolution of financial markets, I have developed a keen understanding of the intricate details that define the industry.
Let's delve into the concepts highlighted in the provided information from Robinhood, a platform that aims to "Democratize Finance For All™." The key concepts include:
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Brokerage Services:
- Robinhood Financial LLC (RHF) is a registered broker-dealer offering brokerage services.
- Clearing services are provided through Robinhood Securities, LLC (RHS), both being members of the Securities Investor Protection Corporation (SIPC).
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Cryptocurrency Services:
- Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC), licensed by the New York State Department of Financial Services for virtual currency business activity.
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Spending Account:
- The Robinhood spending account is provided by Robinhood Money, LLC (RHY), a licensed money transmitter.
- The account may offer FDIC pass-through insurance, and the funds held in the Robinhood Cash Card account may be eligible for such insurance.
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Cash Card:
- The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, under a license from Mastercard®.
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Affiliated Entities:
- RHF, RHY, RHC, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc.
- These entities are not banks, and products offered by RHF are not FDIC insured, carrying inherent risks, including the potential loss of principal.
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Options Trading:
- Options trading involves significant risk and is not suitable for all customers.
- Customers are advised to understand the Characteristics and Risks of Standardized Options before engaging in options trading strategies.
- Complex options strategies carry additional risks, including the potential for losses exceeding the original investment amount.
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Commission-Free Trading:
- Robinhood offers commission-free trading of stocks, ETFs, and options for self-directed individual cash or margin brokerage accounts.
- Other fees, such as trading fees, Gold subscription fees, wire transfer fees, and paper statement fees, may apply to brokerage accounts.
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Regulatory Compliance:
- The platform operates in compliance with legal and regulatory standards, as evidenced by its various licenses and affiliations.
In conclusion, Robinhood positions itself as a platform dedicated to democratizing finance by providing accessible and commission-free trading across various financial instruments, including stocks, cryptocurrencies, and options, while emphasizing the importance of understanding associated risks. The provided information is a testament to their commitment to transparency and regulatory compliance in the financial services landscape.
