Can I Close my Robinhood account if I have open positions?

No, you cannot close your Robinhood account if you have open positions or funds remaining. You need to sell all your investments and withdraw any remaining balance before you can close your account. Are There Any Fees for Closing a Robinhood Account? Robinhood generally does not charge a fee for closing an account.

What happens if I close or deactivate my Robinhood account?

Whether you choose to close or deactivate your account, your Robinhood account balance has to be $0. This means you have to either sell all of your positions and withdraw the balance to your bank account, or you have to transfer all of your assets from Robinhood to another brokerage.

How long does it take to close a Robinhood account?

It can take anywhere from 3 days to a week to close your account. Tap the Menu icon ☰ in Robinhood. It's the three horizontal lines at the top-left or top-right corner, depending on your platform. If you need to transfer your stocks, ETFs, or options, to another brokerage before canceling, it's easy to do. There is a fee for brokerage transfers.