Robinhood

Robinhood can restrict trading and close positions in volatile markets, and sells your order flow to third parties. Mandatory arbitration limits your legal options.

🚨 Key things to watch out for

The clauses that could affect you the most. Read these even if you skip everything else.

Robinhood can restrict trading, block deposits/withdrawals, or close your account at any time, at its sole discretion, without notice or explanation.

Restrictions on Use of Services

Robinhood disclaims virtually all liability for service outages, system failures, and delays — even if they cause you real investment losses.

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📋 Every clause, explained

Browse what the terms actually say — filter by severity or by topic.

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Showing 19 clauses

User Account SecurityUser Account Security3 clauses

⚠️

Broad user indemnification for fraud events

🛡️Limits their liability

User Account Security-A

💬 If your account is hacked or misused, you agree to cover Robinhood's losses connected to that fraud event — placing the financial risk of unauthorized access largely on you.

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“You agree to indemnify and hold Robinhood, its Affiliates, and their respective officers, directors, and employees harmless from and against any Losses arising out of or relating to any Potential Fraudulent Event.”

⚠️

Must grant Robinhood access to your device and network

📥Data collection

User Account Security-B

💬 During a fraud investigation, you agree to let Robinhood access your personal device and network, which could expose additional personal data.

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“You agree to allow Robinhood access to your Device, and your network in connection with Robinhood’s investigation of any Potential Fraudulent Event.”

ℹ️

24-hour notification deadline

📌Other

User Account Security-C

💬 You must report any suspected unauthorized access within 24 hours or risk being held responsible for resulting losses.

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“You agree to notify Robinhood immediately and in any event within 24 hours if you become aware of: (i) any loss, theft, or unauthorized use of your User Account”

Platform ContentPlatform Content2 clauses

ℹ️

Content provided 'as is' with no warranty

🛡️Limits their liability

Platform Content-A

💬 Any news, research, or information shown may be inaccurate or outdated, and Robinhood takes no responsibility for it — you use it at your own risk.

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“Content is provided or made available to you on an “as is” and on an “as available” basis... We do not make any warranty of any kind, express or implied, regarding the Content or the accuracy, completeness, timeliness, or otherwise of the Content.”

ℹ️

Content access can be cut off anytime

⛔Account termination

Platform Content-B

💬 Robinhood can remove your access to platform content whenever it chooses.

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“Robinhood may terminate your access to the Content at any time.”

Restrictions on Use of ServicesRestrictions on Use of Services1 clause

🔴

Termination or restriction with no notice, sole discretion

⛔Account termination

Restrictions on Use of Services-A

💬 Robinhood can freeze your ability to trade, block deposits/withdrawals, or close your account at any time without warning and without giving a reason — a significant risk if you rely on access to your money or investments.

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“You understand that Robinhood may at any time, at its sole discretion and without prior notice to you: (i) prohibit or restrict your access to the use of the Platform or related services; (ii) restrict your ability to deposit or withdrawal funds, or trade securities in your User Account, or (iii) terminate your User Account.”

Disclosure of InformationDisclosure of Information1 clause

⚠️

Broad information sharing with third parties

🔗Shares with third parties

Disclosure of Information-A

💬 Robinhood may share your account information with payment processors, credit bureaus, creditors, and others in a range of circumstances beyond just legal requirements.

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“Robinhood may disclose information about your Account and your related activities to third parties under the following circumstances: (i) As necessary to complete your Payment transactions; (ii) to investigate any complaint... (iii) to respond to requests from credit bureaus, creditors, or other third parties for account-related information”

Waiver; Limitation of Liability; IndemnificationWaiver; Limitation of Liability; Indemnification4 clauses

🔴

Sweeping no-liability for service failures

🛡️Limits their liability

Waiver; Limitation of Liability; Indemnification-A

💬 If the app goes down or trades fail during an outage — even at a critical moment — Robinhood says it won't be liable for any resulting investment losses, regardless of the cause.

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“ROBINHOOD... WILL NOT BE LIABLE TO YOU OR TO THIRD PARTIES FOR ANY LOSSES YOU INCUR (MEANING CLAIMS, DAMAGES, ACTIONS, DEMANDS, INVESTMENT LOSSES, OR OTHER LOSSES...) BY REASON OF DELAYS OR INTERRUPTIONS OF THE SERVICES OR TRANSMISSIONS, OR FAILURES OF PERFORMANCE OF THEIR RESPECTIVE SYSTEMS, REGARDLESS OF CAUSE”

🔴

No liability for automated system failures

🛡️Limits their liability

Waiver; Limitation of Liability; Indemnification-B

💬 If Robinhood's automated trading, execution, or record-keeping systems fail and cost you money, Robinhood accepts zero liability.

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“You understand and agree that Indemnified Parties will have no liability whatsoever for any of your Losses arising out of or relating to a System Failure.”

⚠️

Broad indemnification obligation on user

🛡️Limits their liability

Waiver; Limitation of Liability; Indemnification-C

💬 You agree to pay Robinhood's legal costs and losses in many situations — including some tied to Robinhood's own services in connection with your account.

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“you agree to indemnify, defend and hold harmless the Indemnified Parties from all Losses that result from: (i) any noncompliance by you with any of the terms and conditions of this Agreement; ... (vi) any activities or services of the Indemnified Parties in connection with your Account”

⚠️

No liability for third-party access you authorize

🛡️Limits their liability

Waiver; Limitation of Liability; Indemnification-D

💬 If you use third-party apps or give someone access to your account, you take on the full financial risk of anything that goes wrong.

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“if you authorize or allow third parties to gain access to Robinhood’s services, including your Account, you will indemnify, defend and hold harmless the Indemnified Parties against any Losses arising out of claims or suits by such third parties”

Electronic Signatures; Modifications to the AgreementElectronic Signatures; Modifications to the Agreement2 clauses

🔴

Robinhood can change terms anytime; burden on you to check

📝Can change terms anytime

Electronic Signatures; Modifications to the Agreement-A

💬 Robinhood can change this agreement at any time without directly notifying you — it's your responsibility to keep checking the website for updates, and continued use means you accept the changes.

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“You acknowledge and agree that Robinhood may modify this Agreement from time to time and you agree to consult the Website from time to time for the most up-to-date Agreement.”

⚠️

Waiver of right to contest electronic records

📌Other

Electronic Signatures; Modifications to the Agreement-B

💬 You give up the ability to dispute Robinhood's stored electronic version of this agreement in a legal proceeding.

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“You agree to not contest the admissibility or enforceability of Robinhood’s electronically stored copy of the Agreement.”

Phone CallsPhone Calls1 clause

⚠️

Consent to automated calls and number sharing with debt collectors

🔗Shares with third parties

Phone Calls-A

💬 You consent to automated/robocalls and texts, and Robinhood may share your phone number with third parties including debt collectors. You can opt out, but some calls will continue anyway.

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“you consent to receive calls (including text messages) made to that phone number that may be prerecorded or completed with an automatic telephone dialing system (automated calls)... We may share your number with third parties that provide services to us... including but not limited to debt collectors.”

Consent to Electronic Delivery of DocumentsConsent to Electronic Delivery of Documents3 clauses

⚠️

Documents deemed delivered whether or not you receive them

📌Other

Consent to Electronic Delivery of Documents-A

💬 Important notices, including changes to this agreement, count as delivered even if you never actually see them — so missing an email or website update is on you.

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“You agree that all Account Documents provided to you in any of the foregoing manners are considered delivered to you personally when sent or posted by Robinhood, whether you receive it or not.”

⚠️

Five-day deadline to object or info deemed accurate

📌Other

Consent to Electronic Delivery of Documents-B

💬 You have just five days to dispute errors in statements or confirmations; after that, Robinhood treats the information as final and correct.

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“notify Robinhood Financial in writing within five days of delivery if you object to the information provided... If you fail to object in writing within such time, Robinhood is entitled to treat such information as accurate and conclusive.”

⚠️

Revoking e-delivery consent can trigger account closure

⛔Account termination

Consent to Electronic Delivery of Documents-C

💬 Electronic delivery is essentially mandatory — if you insist on paper-only, Robinhood can restrict or close your account.

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“if you revoke or restrict your consent to electronic delivery of Account Documents, Robinhood Financial has the right to restrict and/or close your Account, and terminate your access to Robinhood’s services.”

Recording and Monitoring of CommunicationsRecording and Monitoring of Communications1 clause

ℹ️

Robinhood may record and monitor communications

📥Data collection

Recording and Monitoring of Communications-A

💬 Your calls and messages with Robinhood may be recorded and monitored.

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“You understand and agree that Robinhood may record and monitor any telephone or electronic communications with you.”

Governing LawGoverning Law1 clause

ℹ️

California governing law

📍Jurisdiction

Governing Law-A

💬 Any disputes are governed by California law, regardless of where you live.

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“This Agreement and all transactions made in your User Account shall be governed by the laws of the State of California”

Robinhood terms of service, explained in plain English — TOSTLDR