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Robinhood review

Founded 2012 (broker-dealer entity formed)HQ Menlo Park, California, USA (main office in Lake Mary, Florida per BrokerCheck)Platforms Web, Mobile

Connect Robinhood

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Sync-only with QuantWheel

Direct integration. QuantWheel reads your positions and trades at Robinhood and gives you personalized suggestions.

Fee per contract
$0 per contract
to open a contract
Exercise and assignment
Free
no fee per event
Approval
Spreads
up to spreads
Margin rate
5.05%
on a $50,000 balance
Countries
US only (SSN, US address; citizen, permanent resident or valid visa)
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE
  • Index options (SPX)
  • Options on futures, not offered
  • Spreads in an IRA, not offered
  • Portfolio margin (Not published)
  • Paper trading (Not published)
  • 24/7 support

PlatformsWeb, Mobile

Cost to open

Per-contract fee only

One cash-secured put1 contract
$0
Ten-lot iron condor40 contracts
$0
Twenty covered calls20 contracts
$0
One turn of the wheelput assigned, call exercised, 2 contracts
$0

Exchange fees and per-order minimums are extra where the fee schedule has them.

What Robinhood costs for the way you trade

A year of fees from Robinhood's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
Robinhood standard price$0.07 a trade, under 0.1% of your premium
$6.64 a year
Among 21 brokers open to residents of the United StatesLowest is Firstrade at $3.67 a year, plus small regulatory fees it does not publish
3rd

Not counted because Robinhood does not publish them: inactivity fee.

Compare every broker for this pattern

QuantWheel

Sync-only with QuantWheel

Direct integration. QuantWheel reads your positions and trades at Robinhood and gives you personalized suggestions.

Connect Robinhood

Fees explained

What each line of the fee schedule means for an options order

Robinhood

$0 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $0 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

No fee per event. An assigned put or an exercised call costs nothing beyond the per-contract fee. Cost to open

The options agreement approves up to spreads in a margin account. Spreads are not allowed in an IRA. It does not publish whether portfolio margin is offered.

Not offered.

What changed at Robinhood

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

Robinhood

Yes, it is Sync-only. QuantWheel syncs the account's positions and trades and suggests trades and rolls. Connect Robinhood

$0 per contract, and no fee per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

0DTE trading is allowed. Index options such as SPX are offered. The options agreement approves up to spreads in a margin account. Brokers for 0DTE

US only (SSN, US address; citizen, permanent resident or valid visa), according to Robinhood's own pages. Check with Robinhood before you open an account. Brokers by country

Facts from Robinhood's own fee schedule and options agreement, checked 8 October 2026.