Robinhood reserves the right to amend or modify this Agreement at any time by posting revised terms on its website or by providing notice to you through the Robinhood application or by email. Your continued use of the Robinhood platform following the effective date of any such amendment shall constitute your acceptance of the amended Agreement. If you do not agree with any amendment, your sole remedy is to close your account.
This clause gives Robinhood nearly unlimited power to change the terms of your brokerage relationship with minimal notice, including potentially changing fees, arbitration terms, or account features.
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.