A commission-free stock trading and investment platform that allows users to buy and sell stocks, options, ETFs, and cryptocurrencies through a mobile app and web interface. The platform offers margin trading services and handles sensitive financial data including bank account information, investment portfolios, and personal identification details. Policy changes affect users' trading rights, margin requirements, data privacy protections, and dispute resolution procedures for financial transactions.

4 Documents
63 All provisions 11 High severity 40 Medium severity 12 Low severity
41 Changes · 12 mo
Jul 24, 2026 Last change

High, provisions that significantly limit your legal rights, authorize broad data collection, or create material financial exposure. Medium, provisions worth knowing about but with partial protections or limited scope. Low, standard terms with minimal consumer impact.

Governance Coverage
Data Collection
26 provisions · 6 high · 17 med
Data Sharing
25 provisions · 7 high · 16 med
Privacy Rights
15 provisions · 2 high · 10 med
Liability Limitation
12 provisions · 9 high · 2 med
Arbitration
11 provisions · 11 high
Account Control
9 provisions · 3 high · 6 med
Platform Discretion
9 provisions · 5 high · 2 med
Disclosure Requirements
8 provisions · 2 high · 4 med
Data Usage
8 provisions · 6 med
Payment Fees
7 provisions · 4 high · 3 med
Quick Facts
Arbitration: Mandatory
AI Training: Disclosed (high impact)
Data Retention: Specified
Class Action: Waived
Key Governance Provisions
High CCPA exemption for GLBA-covered information

If user information is exempt from the CCPA and similar state laws, users may lack the privacy rights—such as access, deletion, or opt-out—those laws would otherwise provide.

High State privacy rights limited by federal financial law

This provision means users may be unable to exercise data access, deletion, or other rights under state privacy laws for a potentially significant portion of their information held by Robinhood.

High Retain data for up to five years post-relationship

Users who close their accounts or stop using Robinhood's services may have certain data retained for up to five additional years, limiting the practical effect of any deletion or departure.

High All investments involve risk of capital loss

A blanket risk disclosure covering all investments, including capital loss, places the reader on notice of the fundamental financial risk of investing.

High AI chatbot outputs are not investment advice

This designation limits the legal character of AI-generated outputs, meaning users cannot rely on them as professional investment guidance regardless of how specific or personalized the responses app…

Document Coverage
Privacypolicy Termsofservice
Last change detected: Jul 24, 2026 Changes (12 months): 41 Documents monitored: 4 Provisions tracked: 63
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Documents

Robinhood Customer Agreement

Medium

This agreement sets out the rules for using Robinhood's investing, cryptocurrency, and spending account services. You make your own trading decisions — Robinhood Financial does not give investment advice or …

Last updated May 5, 2026 · Terms of service
7 provisions 27 versions captured Version history →

Robinhood Privacy Policy

Medium

This document explains what personal information Robinhood collects about you—including your social security number, facial geometry from photos, and chatbot conversations—how it may share that information with marketing partners, and …

Last updated May 5, 2026 · Privacy policy
9 provisions 15 versions captured 1 significant change Version history →

Robinhood Margin Account Rules

High

This document establishes the terms governing Robinhood's brokerage, options trading, cryptocurrency, and cash management services for US users. The agreement authorizes the fully paid securities lending program, whereby Robinhood may …

Last updated May 5, 2026 · Terms of service
10 provisions 2 versions captured Version history →

Robinhood Customer Agreement (PDF)

High

This document establishes the terms governing Robinhood Financial and Robinhood Securities brokerage accounts, including account opening and closure procedures, trading rules, margin borrowing terms, and options trading authorization. The agreement …

Last updated May 5, 2026 · Terms of service
9 provisions 2 versions captured 1 significant change Version history →

Recent Changes

July 12, 2026 · Robinhood Customer Agreement (PDF) Medium

Robinhood's updated Customer Agreement, detected on July 12, 2026, substantially expands governance provisions for trust and custodial accounts. The agreement adds 87 new sentences establishing fiduciary representation requirements, trustee onboarding …

View change record →
March 6, 2026 · Robinhood Privacy Policy Medium

Robinhood restructured its privacy policy framework on March 6, 2026, separating disclosures for financial and non-financial services. The updated policy now explicitly organizes GLBA-regulated financial information notices by service entity …

View change record →
📈 Policy Drift Analysis View all changes →

Low Severity Provisions (9)

View all high severity provisions → Compare Robinhood with other platforms →

Applicable Regulations

CCPA/CPRA
California, USA
View official text ↗
CFAA
United States Federal
View official text ↗
Connecticut Data Privacy Act Amendments
US-CT
View official text ↗
CAN-SPAM
United States Federal
View official text ↗
EFTA / Reg E
United States Federal
View official text ↗
FCRA
United States Federal
View official text ↗
FAA
United States Federal
View official text ↗
FTC Act Section 5
United States Federal
View official text ↗
GLBA
United States Federal
View official text ↗
Indiana Consumer Data Protection Act
US-IN
View official text ↗
Kentucky Consumer Data Protection Act
US-KY
View official text ↗
TCPA
United States Federal
View official text ↗
Universal Opt-Out Mechanism Expansion 2026
US
View official text ↗

Related Analysis

Consumer Rights · April 21, 2026
Robinhood's Agreement Authorizes Position Liquidation Without Prior Notice

Buried in Robinhood's customer agreement is broad authority to close your positions, suspend your account, and force arbitration. Here is w…

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Frequently Asked Questions

What Robinhood documents does ConductAtlas track?

ConductAtlas tracks 4 Robinhood documents including terms of service, privacy policy, and other governance documents. Every document is captured daily with cryptographic verification.

How many policy changes has Robinhood made in the past year?

Robinhood has made 41 policy changes in the past 12 months across the documents ConductAtlas tracks.

How many provisions has ConductAtlas classified for Robinhood?

ConductAtlas has classified 63 provisions across Robinhood's tracked documents. 11 are rated high severity, 40 medium, and 12 low.

Can I get alerts when Robinhood changes their policies?

Yes. Monitor subscribers ($4.99/month) can add Robinhood to their watchlist and receive same-day email alerts whenever any tracked document changes.