How to Cancel Robinhood Gold & Close Your Account in 2026

Updated February 2026 · Gold: Easy to Cancel · Account Closure: Medium · Gold: $5/mo

📌 Two Different Actions

Canceling Robinhood Gold ($5/mo subscription) is simple — do it in the app. Closing your Robinhood account entirely requires selling/transferring all assets first. This guide covers both.

Cancel Robinhood Gold

Open the Robinhood app
Tap your profile icon (top left)
Tap Robinhood Gold
Scroll down and tap Cancel Gold Subscription
Robinhood will show what you lose (larger instant deposits, margin, research, 5% APY on cash)
Confirm cancellation — Gold features deactivate at end of billing period

Is Robinhood Gold Worth $5/Month?

Gold includes:

5% APY on uninvested cash — competitive with HYSA rates. But only on cash sitting in Robinhood, not invested
Larger instant deposits: Up to $50K instantly vs $1K on free tier
Morningstar research reports: Also free on many other brokerages (Fidelity, Schwab)
Margin investing: Borrow at ~8% to invest. High risk, rarely recommended for retail investors
Level II market data: Useful for active traders, irrelevant for long-term investors

Verdict: If you keep significant cash in Robinhood, the 5% APY pays for itself on just $1,200+ in cash. If you're fully invested with little cash balance, Gold isn't worth it.

Close Your Robinhood Account Entirely

⚠️ Before closing, you must:

Sell all positions or transfer them to another brokerage (ACAT transfer, $75 fee from Robinhood)
Withdraw all cash — including any pending settlements (takes T+1 for stocks)
Cancel any pending orders
Resolve any margin balance if using Gold margin
Close any crypto positions (Robinhood Crypto is separate)
Download tax documents — you'll need these for filing. Robinhood provides 1099s

Complete all the steps above (sell/transfer, withdraw, resolve)
In the app: Profile > Account Information > Deactivate Account
Or email support@robinhood.com requesting account closure
Robinhood may take 5-7 business days to process

Tax Implications of Selling

Selling positions to close your account triggers capital gains or losses. Short-term gains (held less than 1 year) are taxed as ordinary income. Long-term gains (held over 1 year) are taxed at 0-20% depending on income. Consider an ACAT transfer ($75) instead of selling — this moves your stocks to Fidelity/Schwab/Vanguard without triggering taxes. Most receiving brokerages will reimburse the $75 transfer fee if you ask.

Better Brokerages in 2026

Fidelity ($0 commissions): Best overall. Free research, no account minimums, excellent customer service, fractional shares
Charles Schwab ($0 commissions): Full-service brokerage, branch locations, great research, now merged with TD Ameritrade
Vanguard ($0 commissions on Vanguard funds): Best for index fund investors. Lowest expense ratios in the industry
Interactive Brokers ($0 commissions on IBKR Lite): Best for advanced traders, international markets, lowest margin rates

💡 Why People Switch from Robinhood

Robinhood popularized commission-free trading, but every major brokerage now offers $0 commissions. Fidelity and Schwab offer better research, more investment options (mutual funds, bonds), retirement accounts (Roth IRA, 401k rollover), and significantly better customer support. The main reason to stay on Robinhood: the UI is genuinely the best for casual investors.

🔍 Find all your financial subscriptions

Upload your bank statement to JustCancel and we'll find Robinhood Gold, trading tools, financial newsletters, and every other recurring charge on your accounts.