Robinhood IRA Review and Roth IRA Fees in 2026

Item: Robinhood
Rating: 4.5
Author: Alex Bost

Robinhood IRA Accounts

Robinhood was the first online broker in the U. S. to offer $0 stock commissions. But today, the majority of brokers have the same trading fee. So just how competitive is Robinhood now? Our Robinhood IRA review is going to provide the answer.

Robinhood Advantages...

Low margin rates. Robinhood is offering a great deal on borrowed cash.

Contribution match. Another unique offering that’s not available at most firms.

Zero per-contract charges on options. The broker has even eliminated assignment and exercise fees.

Robinhood Disadvantages...

Few account types available.. There are no entity accounts, and the overall lineup is still slimmer than at many full-service brokers.

Unrefined trading tools. A lot of features are still missing compared with stronger active-trading platforms.

No mutual funds. Investors looking for mutual funds are left in the cold.

Tradable Assets

Robinhood offers the following investments:

Stocks
Options
Exchange-traded funds
Closed-end funds
A small selection of over-the-counter equities
Cryptocurrencies

The crypto offering piques some interest. Missing on the list, however, are regular forex, mutual funds, fixed-income securities, contracts for difference, warrants, and precious metals.

Customer Service

This has been Robinhood’s Achilles' heel from the very beginning. In order to deliver low costs on trading, the company has to cut costs somewhere; and this is one place it cuts.

Robinhood offers 24/7 phone support through an in-app callback request.

Robinhood support can also be reached through chat or email, although there still aren’t many self-service features compared with the best full-service brokers. There is a method of reaching out to the broker via the website at Robinhood.com/contact.

Robinhood has no brick-and-mortar locations, and we don’t ever expect to see any.

Account Types

Robinhood offers individual and joint brokerage accounts, custodial accounts, as well as Traditional/Roth IRA.

Margin is available in eligible brokerage accounts.

There are no account fees or minimums at Robinhood. The company does charge $100 to transfer an account to another broker.

The Cost of Trading

So it appears that Robinhood doesn’t offer very much. But what does it charge? Not much, either.

The broker does not charge commissions on stocks, ETFs, and options, and this includes per-contract charges on option trades. Even assignments and exercises are free. Robinhood Crypto uses its own pricing model that can include spreads, routing costs, or fee tiers instead of a traditional stock-style commission.

Robinhood does not advertise a broker-assisted trading surcharge for standard securities orders.

Robinhood Gold is a margin account on steroids. It costs $5 per month and comes with bigger instant deposits. Gold also comes with Level II quotes and Morningstar reports.

Robinhood Promotion

Mobile Platform

A mobile app is available to Robinhood customers that functions on Android and Apple phones. It is not designed for tablets.

Robinhood trading review

The software comes with charting, although it’s very basic. There are 2 display styles (line and candlestick), and no tools of any kind. A chart cannot be rotated horizontally.

During our analysis, we found both market-hours and extended-hours pricing. There is also trade data, such as volume, high and low numbers, and last trade price.

The platform also shows what other customers have bought at Robinhood. For example, on General Electric’s profile, Robinhood shows that traders also bought Westinghouse and Ford.

The order ticket on Robinhood’s mobile platform splits into two display choices: options and stocks. For options, the app will first ask you if you think the underlying instrument is going up, down, or sideways. Based on your answer, the software will offer short-term, mid-term, and long-term trade ideas. Some of these are multi-leg strategies like straddles and strangles.

The stock trading form provides 4 order types: market, limit, stop loss, and stop limit. Each limit order has to be specified as either market-hours only or day plus extended.

Robinhood’s app for Apple Watch delivers a watchlist, a small graph, and trade confirmations.

Website

Robinhood’s site has a similar look and feel as the mobile app. There are two color themes, light and dark; and these automatically change whether the market is open (light) or closed (dark).

Charting on the website is a little better than what we found on the mobile platform. For example, a graph can be shown horizontally. And there are a few technical indicators. We found four of them—admittedly not very many of them, but they’re there.

One really unique feature is the ability to increase or decrease the size of the charting area vertically, which simultaneously increases or decreases the size of the indicator’s area.

Robinhood charting

The order ticket has one more trade type (trailing stop order) than the mobile app. And the extended-hours option is a little different, too. This time, a box needs to be checked to specify extended-hours execution.

Strangely, options can’t be traded from the chart space. Instead, you have to go back to the stock’s profile page and click on the “Trade Option” button. It is possible to enter a stock order from a chart.

Another weird thing about Robinhood’s derivative trading ticket is that only calls and puts are available. (On the mobile app, there are a few strategies.) And the calls and puts aren’t presented in normal chains. It’s not necessarily bad, but it is different.

Funds

As already mentioned, there are no mutual funds at Robinhood. But the broker-dealer does provide access to closed-end funds and ETFs. Unfortunately, there’s not much of a screener for these products.

The best way to find ETFs may be to go to the dashboard and scroll down to “Popular Collections.” Here, there are various categories of securities, such as “Video Games” and “Upcoming Earnings.” These are groups of stocks, but there’s an “ETF” tag as well.

Clicking on this last button generates a list of 500 funds. The results can be narrowed by market cap, analyst ratings, price change over a day, and current price. They can also be sorted by the same criteria.

As for closed-end funds, there’s also no screener for them, either. Finding the tag under “Popular Collections” may be daunting. It may be simpler to type in the URL Robinhood.com/collections/closed-end-fund.

A fund’s profile page doesn’t contain a cornucopia of information. We found information on P/E ratio, dividend yield, market cap, and earnings history. There are no trade recommendations or fund commentary from anyone.

Security Analysis Tools

Robinhood is known for cutting back on services, and this is one area where the broker doesn’t stray too far from that pattern. Still, Robinhood now does provide screeners, including a stock screener, although the overall research package remains fairly light compared with stronger rivals.

Robinhood stock investing review

In the right-hand column, there are a few variables that can be manipulated to narrow down the results. One of these is price. There’s a convenient interactive price slider to quickly cut the choices down. The percent change in price can also be adjusted from 1 day to 5 years.

There is very little in terms of financial education on the Robinhood site. The brokerage firm does have a list of FAQ’s that many new customers will have.

Robinhood does not provide any third-party stock reports.

Trading Option Contracts

Option tools are still somewhat limited at Robinhood, but the broker now offers more than it used to. In addition to basic chains and trade ideas, Robinhood now has advanced options strategies, simulated returns, profit and loss charts, and multi-leg order tools on supported platforms.

Robinhood options trading review

On both the website and mobile app, traditional chains aren’t used. Instead, Robinhood uses its own system of displaying calls only or puts only. During our trial of the system, we found it easy to switch back and forth between the two choices.

The mobile app actually begins with a Q&A session centered around the user’s forecast for the underlying stock’s price. There are four icons: up, down, either, and sideways. After selecting one, the app will offer some trade ideas. These are:

Buy a put
Buy a call
Buy a straddle or strangle
Buy an iron condor

Robinhood also supports more advanced strategy building on supported platforms, although the presentation still looks different from traditional options software.

Digital Currencies

Now it’s time to look at what is perhaps the company’s most popular offering right now: cryptocurrency trading. Here are the coins available:

Aave (AAVE)
Aerodrome Finance (AERO)
Arbitrum (ARB)
Aster (ASTER)
Avalanche (AVAX)
Avantis (AVNT)
Bitcoin (BTC)
Bitcoin Cash (BCH)
BNB (BNB)
BONK (BONK)
Canton Coin (CC)
Cardano (ADA)
cat in a dogs world (MEW)
Chainlink (LINK)
Compound (COMP)
Curve DAO (CRV)
Dogecoin (DOGE)
Dogwifhat (WIF)
EigenCloud (EIGEN)
Ethena (ENA)
Ethereum (ETH)
Ethereum Classic (ETC)
Floki (FLOKI)
Hedera (HBAR)
Hyperliquid (HYPE)
Immutable (IMX)
LayerZero (ZRO)
Lido DAO (LDO)
Lighter (LIT)
Mantle (MNT)
Maple Finance (SYRUP)
Moo Deng (MOODENG)
NEAR Protocol (NEAR)
OFFICIAL TRUMP (TRUMP)
Ondo (ONDO)
Onyxcoin (XCN)
Optimism (OP)
Pax Gold (PAXG)
Peanut the Squirrel (PNUT)
Pepecoin (PEPE)
Plasma (XPL)
Polkadot (DOT)
Popcat (POPCAT)
Pudgy Penguins (PENGU)
Pyth Network (PYTH)
Quant (QNT)
Render (RENDER)
Seeker (SKR)
SEI (SEI)
Sky (SKY)
Solana (SOL)
SUI (SUI)
Stellar Lumens (XLM)
Synthetix (SNX)
Tezos (XTZ)
The Graph (GRT)
Toncoin (TON)
Uniswap (UNI)
USD Coin (USDC)
Virtuals Protocol (VIRTUAL)
World Liberty Financial (WLFI)
Wormhole (W)
XRP (XRP)
Zora (ZORA)

Other coins, such as NEO, Zcash, and Bitcoin Gold have streaming data. The only time clients can’t trade coins is when the broker’s site is down for maintenance.

Robinhood Crypto Review

Robinhood supports crypto transfers for eligible coins, so customers can send supported crypto into Robinhood or send it out to external wallets.

While not every coin is available on every Robinhood platform or in every state, the broker continues to expand its crypto lineup.

Robinhood Promotion

Other Services

Robinhood does have a DRIP service for all eligible stocks and ETFs. There’s no auto investing in mutual funds. Maybe someday.

Comparison

And now we come to how all of this compares to Robinhood’s rivals. Now that most broker-dealers offer some type of $0 pricing schedule, Robinhood has lots of competition.

Most firms do continue to charge per-contract option fees. These include big names like Fidelity, Schwab, and E*TRADE.

When it comes to software, Robinhood underperforms most brokers. WellsTrade is about as elementary as Robinhood.

While Robinhood doesn’t offer access to global stock exchanges, Schwab and Fidelity do.

Recommendations

Mutual Fund Investors: Charles Schwab is a good choice.

Individual Retirement Accounts: Robinhood stands out by offering up to a 3% IRA match with Robinhood Gold, or 1% without Gold.

Beginners: Robinhood does have user-friendly software, which would be beneficial to new traders.

Active ETF and Stock Trading: With a $0 commission schedule, plenty of stock and ETF resources, and a very nice desktop platform, we have to recommend .

Long-Term Investors and Retirement Savers: offers financial planning services, branch locations, target-date mutual funds, and self-employed 401(k) plans. It gets our approval.

Small Accounts: With no minimums, no fees, and no opening balance requirement, Robinhood would be a great pick.

Robinhood Review Summary

Although Robinhood is a major outperformer in the pricing, crypto, and cash management categories, it seems to falter in active trading area.

Robinhood Website

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Updated on 4/22/2026.

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