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
47 All provisions 10 High severity 28 Medium severity 9 Low severity
19 Changes · 12 mo
Jun 9, 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
Privacy Rights
16 provisions · 3 high · 12 med
Data Collection
14 provisions · 6 high · 6 med
Arbitration
14 provisions · 13 high · 1 med
Liability Limitation
14 provisions · 11 high · 2 med
Data Sharing
12 provisions · 4 high · 8 med
Payment Fees
10 provisions · 4 high · 5 med
Account Control
8 provisions · 3 high · 5 med
Legal Jurisdiction
8 provisions · 2 high · 2 med
Platform Discretion
8 provisions · 5 high · 1 med
Policy Changes
5 provisions · 1 high · 4 med
Quick Facts
Arbitration: Mandatory
AI Training: Disclosed
Data Retention: Specified
Class Action: Waived
Key Governance Provisions
High Cryptocurrency Trading Risk Disclosure

Cryptocurrency assets held on Robinhood are not protected by SIPC or FDIC insurance, and the trading entity is a separate non-broker-dealer entity, which means users have different legal protections …

High Limitation of Liability

This clause limits the types of financial harm users can seek compensation for in a dispute, excluding categories like lost investment profits or losses resulting from platform outages, which are dir…

High Fully Paid Securities Lending Authorization

This provision authorizes Robinhood to lend securities you own to third parties, which removes SIPC insurance protection on those securities while they are on loan and introduces counterparty risk as…

High Mandatory Arbitration and Class Action Waiver

This provision requires disputes to proceed through individual arbitration, which eliminates the ability to pursue collective legal action against Robinhood even if many users are affected by the sam…

High Margin Account Self-Liquidation Without Prior Notice

This provision authorizes Robinhood to liquidate all securities in a customer's account without prior notice or demand, which means customers using margin may lose positions at unfavorable prices wit…

Document Coverage
Privacypolicy Termsofservice
Last change detected: Jun 9, 2026 Changes (12 months): 19 Documents monitored: 4 Provisions tracked: 47
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Documents

Robinhood Customer Agreement

Medium

This is Robinhood's legal disclosure index page, which serves as a centralized hub linking users to the platform's terms of service, privacy policy, and regulatory disclosures across its brokerage, crypto, …

Last updated May 5, 2026 · Terms of service
5 provisions 13 versions captured Version history →

Robinhood Privacy Policy

Medium

This document establishes Robinhood's privacy practices for its investment, cash management, credit card, and cryptocurrency products, specifying categories of personal information collected including Social Security numbers, government ID data, financial …

Last updated May 5, 2026 · Privacy policy
8 provisions 9 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 1 version captured Version history →

Robinhood Customer Agreement

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 1 version captured Version history →

Recent Changes

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 (3)

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 19 policy changes in the past 12 months across the documents ConductAtlas tracks.

How many provisions has ConductAtlas classified for Robinhood?

ConductAtlas has classified 47 provisions across Robinhood's tracked documents. 10 are rated high severity, 28 medium, and 9 low.

Can I get alerts when Robinhood changes their policies?

Yes. Monitor subscribers ($19/month) can add Robinhood to their watchlist and receive same-day email alerts whenever any tracked document changes.