What are the fees and charges associated with using Robinhood?

Robinhood offers commission-free trading, meaning there are no fees charged for buying or selling stocks, ETFs, or options. However, there are some fees and charges associated with certain activities on the platform. These include regulatory transaction fees imposed by the Securities and Exchange Commission (SEC) for selling equities, which are typically around $22.10 per $1 million of the total dollar amount of sales. Additionally, there may be charges for using Robinhood Gold, a premium subscription service that provides access to features like extended trading hours and margin investing. The cost of Robinhood Gold starts at $5 per month and can go up to $200 per month depending on the amount of margin used. Transfer fees may also apply for moving assets from Robinhood to another brokerage. It is advisable to review Robinhood's fee schedule for a complete understanding of all charges.