Robinhood has launched a Financial Derivatives product that lets you trade event-based contracts linked to sports and political outcomes. It combines elements of sports markets and financial trading, enabling you to speculate on event outcomes through market-driven pricing.
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You don’t need to pay any Robinhood fees to open, close, or maintain a trading account. However, Robinhood does charge fees for certain services. For example, Robinhood Gold and some transfer/instant withdrawal services. This guide explains how the event contract model operates and outlines the associated fees. You’ll also find a couple of upsides and downsides to these fees, along with answers to relevant questions you might have about them.
Details
Available Languages
en
Accepts Customers from
US
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AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY
Commissions and exchange fees apply when buying/selling event contracts
Event‑contract commissions are calculated with a published formula rather than a flat $0.01 per contract.
How Robinhood Fees Work
Robinhood is a
top prediction market app
that uses a published, probability‑weighted commission formula for event contracts. The commission depends on the contract price and number of contracts traded and is rounded to the nearest cent; Robinhood Gold customers pay a lower rate under that formula.
In addition to Robinhood’s commission, many markets carry exchange or regulatory fees that vary by listing exchange and are shown on the contract page. If a spread or exchange charge is embedded, buying both sides (Yes + No) can push the combined cost slightly above $1; the extra cent or two reflects exchange/market charges. Robinhood traders may also encounter several other fees, outlined below.
💸 Robinhood Transfer Fees
Robinhood may reimburse up to $75 of a third‑party broker’s transfer fee for qualifying incoming ACATS transfers. Outgoing ACATS transfers (transfers out of Robinhood) typically incur a fee (commonly $100).
💰 Deposit and Withdrawal
Standard ACH deposits and standard ACH withdrawals to an external bank are free. Instant withdrawals to a linked debit card or instant bank transfer incur a 1.75% fee (minimum $1, maximum $150).
📊 Regulatory Transaction Fees
Event contracts trade via Robinhood Derivatives on CFTC‑regulated exchanges; exchange and regulatory fees may apply and are shown in the contract details.
📉 Index/Options & Other Fees
Other product fees (options, futures, index products) and regulatory pass‑throughs are governed by separate schedules and may apply where relevant.
🏦 Service Fees
Robinhood Gold is a paid subscription (monthly fee) that provides premium features and a lower commission constant for
Robinhood event contracts. Optional account services (paper statements, overnight check delivery, etc.) may carry additional fees.
Before wrapping up this guide, here’s a quick look at the Robinhood fee structure
Robinhood fee
Amount
Event contract commission
Calculated by Robinhood’s published, probability‑weighted formula, commissions are rounded to the nearest cent and Gold subscribers pay a lower rate.
Exchange fees
Vary by exchange and are displayed on the contract page (example: some exchanges charge ~$0.01 per contract per side).
Instant withdrawals
1.75% (min $1 / max $150).
ACATS in reimbursement
Up to $75 for qualifying transfers in.
ACATS out fee
Typically $100.
Pros and Cons of Robinhood Fees
Here are the upsides and downsides of Robinhood fees:
Pros and Cons
Transparent commission model for event contracts
Free standard ACH deposits/withdrawals
Robinhood Gold offers a lower commission rate for frequent traders
Instant withdrawals carry a 1.75% fee (min $1 / max $150)
Conclusion – Understanding How Robinhood Fees Work Is Important
Robinhood’s event contract framework uses a transparent, probability‑weighted commission model and displays exchange/regulatory fees on each contract so traders can see the full cost before trading. Fees are competitive, but total cost depends on the contract price, Robinhood’s commission and any exchange or regulatory pass‑throughs. So, we recommend always checking the Derivatives Fee Schedule and the contract’s fee disclosure in the
Robinhood app
before trading.
Robinhood Fees FAQs
Robinhood Gold is a paid subscription (monthly fee) that provides premium features and a lower commission constant for event contracts; standard accounts do not pay a maintenance fee.
Robinhood charges commissions on event contracts (per its Derivatives Fee Schedule); exchange and regulatory fees may be passed through; other platform fees (instant withdrawals, ACATS out, optional service fees) also apply.
ACH deposits and standard ACH withdrawals are free. Instant withdrawals to a linked debit card or instant bank transfer cost 1.75% (min $1 / max $150).
