Robinhood Review 2026
Robinhood pioneered commission-free trading and remains one of the simplest ways to invest in the US. There is zero commission on stocks, ETFs, options and crypto, no currency-conversion fee (the account is USD-only), and no inactivity fee. The trade-offs are that it is US-only, deliberately light on research, and charges $75 to transfer your account out.
Reviewed by the FeesWizard editorial team · Fees verified June 2026 · Our methodology
Best overall: Robinhood
For US investors who want the simplest, genuinely commission-free app, Robinhood is hard to beat on cost — just know it is US-only and light on research.
Get started with RobinhoodCapital at risk. This is not financial advice. Investing involves risk of loss.
Fees
- stock Commission: $0 on US stocks, ETFs, options and crypto
- withdrawal: Free (ACH); instant withdrawal 1.5%; account transfer out $75
- inactivity: None
- conversion: No FX fee (USD-only account, US-listed assets)
- spread: Tight; payment-for-order-flow model
Who Robinhood is best for
Robinhood suits US-based beginners who want the simplest possible app and genuinely commission-free trading. It is a poor fit for investors outside the US, and for anyone who wants deep research, international markets, or a wide choice of account types.
Robinhood fees in plain English
Stocks, ETFs, options and crypto trade at $0 commission. There is no FX fee because the account holds only USD, and no inactivity fee. ACH withdrawals are free; instant withdrawals cost 1.5%. The notable charge is $75 to transfer your account out to another broker. Robinhood Gold adds extras for $5/month.
Safety and regulation
Robinhood is regulated by the SEC and FINRA and is a member of SIPC, which protects securities up to statutory limits. It has operated since 2013. Investing always carries risk of loss.
What you give up
The low cost comes with limits: research and education are basic, there are no international markets, and order flow is monetised through payment-for-order-flow. The $75 exit fee also makes it slightly sticky if you later want to move.
Pros and cons
Robinhood
Pros
- +Truly commission-free US trading
- +No FX or inactivity fees
- +Very simple, beginner-friendly app
- +No minimum deposit
Cons
- −US residents only
- −$75 fee to transfer account out
- −Limited research and no international markets
Robinhood
Best for commission-free investing in the US
Capital at risk. This is not financial advice. Investing involves risk of loss.
Compare Robinhood head-to-head
Robinhood vs alternatives
| Feature | Robinhood | eToro | XTB |
|---|---|---|---|
| Rating | 4.2 / 5 | 4.5 / 5 | 4.5 / 5 |
| Stock commission | $0 on US stocks, ETFs, options and crypto | $1–$2 per stock trade (varies by country/exchange); ETFs 0% | 0% up to €100k monthly turnover, then 0.2% (min €10) |
| Withdrawal fee | Free (ACH); instant withdrawal 1.5%; account transfer out $75 | $5 per withdrawal on USD accounts ($30 min); free on GBP/EUR accounts | Free above €100 (some entities charge €10 below €100) |
| Inactivity fee | None | None (eToro removed the inactivity fee in 2026) | €10/month after 1 year inactive with no deposit in 90 days |
| Min deposit | $0 | $50 | $0 |
| Fractional shares | Yes | Yes | Yes |
| Demo account | No | Yes | Yes |
| Regulators | SEC, FINRA, SIPC | FCA, CySEC, ASIC | FCA, CySEC, KNF |
Frequently Asked Questions
Is Robinhood safe and legit?
Robinhood is regulated by SEC, FINRA, SIPC and has operated since 2013. All investing carries risk of loss.
What are Robinhood's fees?
Stock commission: $0 on US stocks, ETFs, options and crypto. Withdrawal: Free (ACH); instant withdrawal 1.5%; account transfer out $75. Inactivity: None.
What is the minimum deposit for Robinhood?
The minimum deposit is $0.
Robinhood
Best for commission-free investing in the US
Capital at risk. This is not financial advice. Investing involves risk of loss.