What you lose when you cancel Robinhood Gold
Robinhood Gold ($5/month) provides margin investing (borrow money to invest), larger instant deposit amounts, Level II Nasdaq market data, Morningstar stock research reports, and higher interest on uninvested cash. If you don't use margin and only invested with your own cash, the free tier covers everything you actually need.
Robinhood Gold margin - pay it off first
If you've used Robinhood Gold to invest on margin (borrowed money), you must pay off your margin balance before downgrading. Carrying a margin balance on a non-Gold account is not permitted. Go to Account → Investing → Margin Investing to check your current margin balance before canceling.
What most people switch to after canceling Robinhood Gold
- Empower (formerly Personal Capital) AFFILIATE - Free portfolio tracker, net worth dashboard, and retirement planner. Replaces Robinhood's research tools without a monthly fee.
- Webull AFFILIATE - Commission-free trading with free Level II data (a main Robinhood Gold feature), advanced charting, and paper trading.
- Fidelity or Charles Schwab - both offer free research tools, no account minimums, and fractional shares - often better suited for long-term investors than Robinhood.
Frequently asked questions
- Does canceling Robinhood Gold close my account?
- No. Your Robinhood account stays active on the free tier. All investments, history, and funds remain untouched.
- Do I need to sell my stocks before canceling Robinhood Gold?
- No. You do not need to sell anything. Only your Gold subscription is canceled, not your brokerage account.
- Can I resubscribe to Robinhood Gold later?
- Yes. You can upgrade back to Gold at any time from your account settings.