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
Precise geolocation data can reveal sensitive patterns about your physical movements and routines, and its collection by a financial services app may not be expected by most users.
The updated privacy policy reorganizes how Robinhood discloses its handling of financial information, now grouping GLBA-regulated disclosures by individual service entity with updated reference links…
The policy states that Robinhood collects sensitive financial identifiers including Social Security numbers, government-issued ID data, brokerage transaction history, and credit card data, alongside behavioral data such as browsing activity and device identifiers, and shares these with advertising networks, analytics vendors, and financial partners. The terms also authorize sharing of inferred characteristics and usage patterns for cross-context behavioral advertising purposes, though California residents are granted opt-out rights over that category of sharing. You can opt out of the sale or sharing of your personal information for targeted advertising by visiting Robinhood's privacy preferences page or submitting a request via their privacy portal at https://robinhood.com/us/en/support/articles/rh-financial-entities-privacy-statement/.
How other platforms handle this
We may collect information about your location, including precise geolocation information, when you use our Services. We use this information to provide location-based services, such as showing you products available in your area, and for other purposes described in this Privacy Policy.
We collect precise geolocation data when you use our mobile application or enable location services on your device. We use this information to provide location-based services, improve our services, and for marketing purposes.
We may collect the precise geographic location of your device when you use our services. We collect this information with your consent where required by law. You can withdraw your consent at any time by adjusting your device settings to disable location sharing.
Monitoring
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"We collect geolocation data, including precise geolocation data, when you use our mobile applications and services, subject to your device permissions.— Excerpt from Robinhood's Robinhood Privacy Policy
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Precise geolocation data can reveal sensitive patterns about your physical movements and routines, and its collection by a financial services app may not be expected by most users.
ConductAtlas has identified this type of provision across 13 platforms. See the full comparison.
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