When will my money be available?

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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.

The content you've shared delves into the financial services offered by Robinhood, covering a wide array of concepts and products. Let's break down the key terms and concepts mentioned:

Brokerage Services: Robinhood Financial LLC (RHF) and Robinhood Securities, LLC (RHS) are registered broker-dealers providing services for trading U.S. listed securities and certain OTC securities with zero commissions.
Cryptocurrency Services: Robinhood Crypto, LLC (RHC) offers cryptocurrency services and is licensed to engage in virtual currency business activity, regulated by the New York State Department of Financial Services.
Clearing Services: RHS provides clearing services for securities traded on the platform.
Financial Products:
- Robinhood Cash Card: A prepaid card issued by Sutton Bank, allowing users to spend funds in their Robinhood account.
- Options Trading: Available through Robinhood Financial, but it involves significant risks that may lead to losing the entire investment. Customers are advised to understand the risks before engaging in options trading.
Regulatory Compliance: Various regulatory bodies oversee these services. For instance, SIPC (Securities Investor Protection Corporation) and FINRA (Financial Industry Regulatory Authority) memberships impact the protection and services offered to customers.
Risk Disclaimer: The disclaimer highlights the risks associated with trading and investment activities, emphasizing the potential loss of principal, especially in complex options strategies.
Fees: While the platform offers commission-free trading for certain accounts, other fees such as Gold subscription fees, wire transfer fees, and paper statement fees might apply. Users should refer to the Fee Schedule for details.
Legal and Regulatory Compliance: The disclaimer emphasizes compliance with legal and regulatory requirements, ensuring transparency and protection for customers.

This content reflects a mix of brokerage, cryptocurrency, and financial services, highlighting the risks involved in trading and the various regulatory measures in place to protect consumers. As an enthusiast and expert in financial services, I recognize the importance of these concepts in empowering individuals to participate in the financial markets while understanding the risks and regulatory landscape involved.

When will my money be available? | Robinhood (2024)