You can cancel Robinhood Gold through your account settings in three steps

To cancel Robinhood Gold, open the Robinhood app or website, go to your Account settings, select Membership, and choose the option to cancel. Robinhood will ask you to confirm the cancellation. Your membership ends when ready, though you keep access to your account and holdings. If you paid for a monthly subscription, you will not be charged again after cancellation.

The process takes less than a minute and requires no phone call or email to customer support. You can cancel at any time during your subscription period — there is no penalty for cancelling early or mid-month.

Key Takeaways

  • Cancellation happens in your Account settings under Membership and takes effect right away.
  • You keep your brokerage account, stocks, and cash after cancelling Gold; only the membership features stop.
  • If you cancel mid-month, you will not be charged for the following month.
  • You can resubscribe to Gold at any time if you change your mind later.

What happens to your account and money when you cancel

Cancelling Robinhood Gold does not close your brokerage account or affect your holdings. Your stocks, ETFs, cash, and any other investments remain in your account exactly as they were. You can still buy and sell securities after cancellation — the only difference is that you lose the features that came with the Gold membership.

Those features include margin borrowing (the ability to trade with borrowed money), higher interest rates on cash balances, and access to extended-hours trading. If you were using margin, Robinhood will not force you to repay borrowed funds when ready upon cancellation, but you will no longer be able to borrow new money. Any existing margin balance stays in place until you pay it back.

The exact steps to cancel in the app or on the website

On the Robinhood app: Tap the Account icon (usually at the bottom right), scroll down and select Membership, then tap Cancel Membership. Confirm when prompted.

On the Robinhood website: Click your profile icon in the top right corner, select Account Settings, find Membership in the left menu, and click Cancel Membership. Confirm the cancellation.

After you confirm, you will see a message stating that your membership has been cancelled. Your Gold features will stop working when ready. Check your email — Robinhood typically sends a confirmation email within a few minutes.

What to know about billing and refunds

Robinhood Gold charges a monthly subscription fee (the amount varies and changes over time). If you cancel mid-month, you will not receive a refund for the current month — the charge you already paid covers your membership through the end of that billing cycle. You straightforward will not be charged again when the next billing date arrives.

If you were charged for a month after you cancelled, contact Robinhood support through the app or website to report the issue. Keep your cancellation confirmation email as proof of when you cancelled.

How to resubscribe to Gold later if you change your mind

You can turn Gold back on at any time by going to Account Settings, selecting Membership, and choosing to subscribe again. Robinhood will charge you the current subscription fee for the next month. Your previous settings and preferences will not automatically return — you may need to reset things like margin borrowing limits or trading preferences.

There is no waiting period or penalty for resubscribing after a cancellation. You can cancel and resubscribe as many times as you want.

Reasons people cancel and what to consider before you do

Some people cancel Gold because they do not use the margin feature or extended-hours trading. Others cancel to reduce monthly expenses. If you are cancelling because you rarely trade, remember that you can still hold your investments in a regular Robinhood account at no cost — cancelling Gold does not force you to close your account.

Before you cancel, think about whether you use any of these Gold features: margin borrowing, the ability to trade before 9:30 a.m. or after 4 p.m. Eastern time, or higher interest rates on uninvested cash. If you use none of them, cancellation makes sense. If you use one or two regularly, the monthly fee might be worth it depending on your trading activity.

Frequently Asked Questions

Will cancelling Gold close my Robinhood account?

No. Cancelling the Gold membership only removes the paid features. Your brokerage account, stocks, and cash stay in place. You can still trade and hold investments after cancellation.

Can I cancel Gold if I have a margin balance?

Yes, you can cancel even if you owe money on margin. Your existing balance remains, but you cannot borrow new money after cancellation. You can repay the balance on your own schedule.

Do I get a refund if I cancel mid-month?

No. You are charged for the full month, and cancelling mid-month does not refund the current month's fee. You straightforward will not be charged again after that billing cycle ends.

How long does it take for Gold features to stop working after I cancel?

Gold features stop when ready after you confirm cancellation. You will lose access to margin, extended-hours trading, and other membership perks right away.

What if I accidentally cancelled Gold and want it back?

You can resubscribe through Account Settings at any time. There is no penalty or waiting period. Robinhood will charge you the current monthly fee starting with your next billing date.