Robinhood Gold Downgrade

Robinhood Gold Downgrade

Hi Luke,

Your account was downgraded from Robinhood Gold to Robinhood Instant. We’ve removed $2000.00 of additional buying power and reduced your instant deposit limit by $2000.00. You should no longer be charged for Robinhood Gold.

Please remember that trading with Robinhood is commission-free. We’re committed to building new, exceptional products for our customers, both free and paid.

We’re really sorry to see you go, and would appreciate your feedback on Robinhood Gold. You can reply to this email directly with any questions, suggestions, or other feedback that you have.

Sincerely,
The Robinhood Team
robinhood.com

Please email us at [email protected] if you have any questions.
Robinhood Gold is a bundle of premier services available for a monthly fee that will vary depending on the tier of services for which customers must qualify and select. Robinhood Gold services include the ability to borrow funds in excess of equity on margin, the ability to have access to and trade in the extended-hours markets, and the ability to receive an increase in instant deposits up to the maximum amount of the Robinhood Gold tier selected. Furthermore, participating Robinhood Gold accounts are subject to Pattern Day Trading rules.

Monthly fees charged will be in lieu of any interest fees that are typically charged to margin accounts for the borrowing of funds. If borrowing above the selected tier, additional interest will be charged to this additional amount at the end of the month.

Robinhood Gold will permit participating customers to engage in extended hours trading, meaning outside of the regular trading hours of 9:30am and 4pm ET. There are unique risks to Extended Hours Trading and by participating in this type of trading customers are deemed to understand and agree to accept such risks.

All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. For more information please see our Margin Disclosure StatementMargin Agreement and FINRA Investor Information. These disclosures contain information on our lending policies, interest charges, and the risks associated with margin accounts.

Free trading refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices. Relevant SEC & FINRA fees may apply. Please see our Commission and Fee Schedule.

Robinhood is currently registered in the following jurisdiction(s). This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Robinhood is not registered.

Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.

Investors should consider the investment objectives and unique risk profile of Exchange Traded Funds (ETFs) carefully before investing. ETFs are subject to risks similar to those of other diversified portfolios. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. Although ETFs are designed to provide investment results that generally correspond to the performance of their respective underlying indices, they may not be able to exactly replicate the performance of the indices because of expenses and other factors. A prospectus contains this and other information about the ETF and should be read carefully before investing. Customers should obtain prospectuses from issuers and/or their third party agents who distribute and make prospectuses available for review. ETFs are required to distribute portfolio gains to shareholders at year end. These gains may be generated by portfolio rebalancing or the need to meet diversification requirements. ETF trading will also generate tax consequences. Additional regulatory guidance on Exchange Traded Products can be found by clicking here.

System response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors.

Third party information provided for Robinhood product features, Robinhood communications and communications emanating from its social media community, market prices, data and other information available through Robinhood are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The Robinhood website provides its users links to social media sites and email. The linked social media and email messages are pre-populated. However, these messages can be deleted or edited by Robinhood users, who are under no obligation to send any pre-populated messages. Any comments or statements made herein do not reflect the views of Robinhood Markets Inc., Robinhood Financial, LLC or any of their subsidiaries or affiliates.

Note that certain Robinhood product features listed are currently in development and will be available soon.

All securities and investments are offered to self-directed customers by Robinhood Financial, LLC, member FINRA & SIPC. Robinhood Financial, LLC is a wholly owned subsidiary of Robinhood Markets, Inc.

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