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Robinhood

Finance

59

out of 100. Number 135 of 512, counting from the worst.

  • Arbitration 14 of 20, bad
  • Renewals 8 of 20
  • Data sharing 10 of 20
  • Price & terms 13 of 15, bad
  • Data retention 7 of 15
  • Other findings 7 of 10, bad

Where Robinhood does well

  • Real 60-day arbitration opt-out (mail-in, friction-heavy but real); payment-for-order-flow disclosed in the agreement itself.
  • Clean Gold cancellation (in-app, features to end of period, 30 days' notice before fee increases).

No court, no class action — private arbitration, alone.

The fine print

6 clauses and findings from the draft archive, dated 1 October 2026. The plain English comes first; the small print is the company's own words. None of these has been checked yet.

  1. No court, no class action — private arbitration, alone.

    THIS AGREEMENT CONTAINS AN ARBITRATION CLAUSE… AND A WAIVER OF YOUR RIGHT TO BRING OR JOIN A CLASS PROCEEDING… YOU MAY ONLY BRING CLAIMS ON AN INDIVIDUAL BASIS AND WILL PROHIBIT YOU FROM HAVING ANY CLAIMS AGAINST US RESOLVED BY A JURY OR IN A COURT OF LAW.

    Robinhood Crypto Customer Agreement (rev. July 1, 2026)

  2. Rules rewritten by posting; logging in = agreement.

    this Agreement may be amended from time to time by RHC, with revised terms posted on https://about.robinhood.com/legal… by logging into an RHC Account… I am accepting the terms of the revised agreement.

    Same agreement

  3. Fees can change anytime with zero notice, and they can legally charge different customers different prices.

    I acknowledge that the prevailing fees may change and that change may occur without notice… RHC reserves the right to vary rates and fees among customers in connection with special offers, promotions, arrangements, or account criteria.

    Same agreement

  4. Identity data feeds web-wide targeted ads; they admit some of it counts as "sales" under state law.

    We may share personal data such as your hashed email address or your device ID with marketing partners to help us market Robinhood products to you across third-party websites and online services. / Some of our business activities may be considered "sales," "sharing," or "targeted advertising" under applicable US state laws.

    US User Privacy Statement (eff. Aug 18, 2026)

  5. Cancel $5/month Gold and your credit card is shut down too.

    If you have a Robinhood Gold Card… You must maintain your Robinhood Gold subscription while you have an active Card account. Cancellation of Your Gold subscription will result in closure of your Card account.

    Robinhood Gold Agreement (July 2026)

  6. They can liquidate your holdings without calling, and raise margin requirements without warning.

    RHF or RHS can sell your securities or other assets without contacting You, and… can increase their respective "house" maintenance margin requirements at any time without advance written notice.

    Margin agreement

How these were found

Robinhood's CDN blocks fetching — agreements via verbatim mirror; privacy policy fetched live.

These notes come from the original draft and are not independent verification.