This analysis describes what Robinhood's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This clause establishes Robinhood's unilateral right to end the service relationship without restriction on timing or justification, and places the operational burden of asset transfer on the customer. The provision affects account continuity and requires customers to maintain readiness to execute transfers to alternative custodians.
The updated terms establish new fiduciary verification and personal liability provisions for trust and custodial accounts. Trustees are now required to complete Robinhood's identity verification and onboarding before accessing trust accounts, notify Robinhood promptly of any material changes to the trust (amendments, revocation, trustee changes), and provide the correct taxpayer identification number for the trust. The revised language states that trustees are personally liable for obligations, debts, or negative equity arising from instructions given outside the scope of their authority under the trust instrument or applicable law. Robinhood reserves the right to freeze trust accounts or request updated documentation at any time, and will rely on instructions from any onboarded trustee without requiring consent from co-trustees or verifying compliance with the trust instrument. You should consult a tax advisor regarding the appropriate taxpayer identification number for your trust and review your fiduciary authority under the applicable trust instrument before executing trades.
View change record →Customers operate under terms that do not guarantee continued account access or service availability. Upon notice of termination, customers must complete the procedural steps to transfer positions to another broker-dealer within the timeframe Robinhood establishes.
How other platforms handle this
Use another user's account or share your account with another person;
You are responsible for maintaining the secrecy of your unique password and account information at all times.
If you do not have a social security number you may still be eligible to open a limited Revolut personal account.
"Robinhood may terminate this Agreement and close your account at any time, for any reason or no reason, upon notice to you. Upon termination, you will be required to transfer your securities and cash to another broker-dealer.Excerpt from Robinhood's Customer Agreement (PDF)
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This clause establishes Robinhood's unilateral right to end the service relationship without restriction on timing or justification, and places the operational burden of asset transfer on the customer. The provision affects account continuity and requires customers to maintain readiness to execute transfers to alternative custodians.
Customers operate under terms that do not guarantee continued account access or service availability. Upon notice of termination, customers must complete the procedural steps to transfer positions to another broker-dealer within the timeframe Robinhood establishes.
ConductAtlas has identified this type of provision across 265 platforms. See the full comparison.
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