Settlement and buying power
The settlement period is the time it takes stocks or cash to reach their new destination after a transaction is executed. Buying power is the amount of money you have available to make purchases in your app.
Stocks and options take 1 trading day to settle. In a margin account, you can instantly trade with funds from unsettled stock and option sales.
If you have unsettled trades and withdraw cash from your margin account with margin investing enabled, it can lead to margin interest charges. Review Investing with margin for more details.
Cash accounts can’t trade with unsettled funds. You’ll need to wait 1 trading day to trade with funds from equity and options sales.
With Instant Deposits, you may get up to $1,000 instantly after you initiate a bank deposit into your Robinhood account. Although you may have access to these funds right away, the transfer from your bank into your Robinhood account may take up to 5 business days.
All proceeds from crypto sales are available immediately. Check out Crypto buying power for more details.
Brokerage cash doesn’t have access to instant settlement, and banking holidays can affect settlement times.
Futures’ settlement is unique. After a trade is executed, any profits or losses from that trade are marked to market and settled at the end of the trading day. For information on futures expiration, check out Futures contract expiration.
Buying power is the amount of money you can use to purchase stocks, options, futures, or crypto. Trading in stocks and options is done through your investing account with Robinhood Financial, while crypto trading and futures trading are done through separate accounts with Robinhood Crypto and Robinhood Derivatives respectively.
You can see all of your available buying power in Account → Buying power.
All investments involve risk and loss of principal is possible.
Margin investing involves the risk of greater investment losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. For more information, review our Margin Disclosure Statement.
Futures, options on futures and cleared swaps trading involves significant risk and is not appropriate for everyone. Please carefully consider if it's appropriate for you in light of your personal financial circumstances.
Please read the Futures Risk Disclosure Statement prior to trading futures products, and please read the Event Contract Risk Disclosure for more information about the risks associated with forecast event contracts.
RHD accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. RHD is not a bank. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks.
Futures, options on futures and cleared swaps trading is offered by Robinhood Derivatives, LLC, a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA).