You agree that any and all controversies, claims, or disputes between you and Robinhood arising out of, in connection with, or relating to this Agreement or the breach thereof, shall be settled by arbitration conducted in accordance with the FINRA Code of Arbitration Procedure or, if the matter is not arbitrable under FINRA rules, in accordance with the rules of the American Arbitration Association. This arbitration agreement applies to all claims whether based on contract, tort, statute, or any other legal theory.
Arbitration is typically faster but gives consumers fewer protections than court — there is limited appeal, reduced discovery, and outcomes are generally private, which limits accountability.
Robinhood's Customer Agreement significantly restricts your legal rights by requiring all disputes — including those involving investment losses — to be resolved through binding arbitration rather than court, and explicitly waives your right to join a class action lawsuit. If you have a margin account, Robinhood can liquidate any of your securities positions without prior notice and can lend your securities to third parties. You can opt out of the arbitration clause by sending written notice to Robinhood within 30 days of account opening, as specified in the agreement.
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