To cancel Robinhood Gold, open the app, tap the account icon, open the menu, select Robinhood Gold, and tap Cancel Membership at the bottom of the page. Before you do, confirm three things: you don’t have an open Robinhood Gold Credit Card tied to an annual Gold plan, you have no outstanding margin balance, and canceling won’t claw back an IRA match you’ve already received. The subscription costs $5 a month or $50 a year, and Robinhood does not prorate refunds when you cancel mid-cycle.1Robinhood. Robinhood Gold Agreement
Clear These Blockers First
Two account conditions will stop the cancellation from going through.
The first is an active Robinhood Gold Credit Card paired with an annual Gold subscription. While the card is open, the cancel option simply does not appear.2Robinhood. Canceling Your Robinhood Gold Credit Card To close the card, open the Robinhood Banking app, tap Menu, then Customer Support, then Contact Support, and ask Robinhood Credit to close the account. Card closures are permanent, so you cannot reopen it later. Once the card is closed, future Gold charges move to your individual investing account and the Cancel Membership option becomes available. Monthly Gold subscribers may not hit this block, but check the app before assuming you can proceed.
The second is a margin balance. Gold includes the first $1,000 of margin borrowing at no interest cost, and if you’re using any margin at all, you have to zero it out with cash or by liquidating positions before Robinhood will let you cancel.3Robinhood. Robinhood Margin Rates
If the Cancel Membership option is missing from your Gold page, one of these two issues is almost always the reason.
Check Your IRA Match Before You Cancel
This is the step that costs people real money. Gold members get a 3% match on IRA contributions; standard accounts get 1%. If you cancel Gold before holding the subscription for one continuous year after your first matched deposit, Robinhood takes back the extra 2% — the difference between the Gold match and what a non-Gold member would have earned.4Robinhood. IRA Match FAQ
In practice: on a $1,000 contribution matched at 3%, you received $30. Cancel early and Robinhood pulls back $20, leaving the $10 you’d have earned at the standard rate. The remaining 1% is still subject to a separate five-year holding requirement, and withdrawing those assets early forfeits that portion too.4Robinhood. IRA Match FAQ
Robinhood labels this the “Gold Cancellation IRA Match Removal Fee” and takes it straight from your IRA. If the account doesn’t hold enough uninvested cash to cover it, Robinhood may liquidate positions to collect, which can trigger tax consequences you didn’t plan for.5Robinhood. Robinhood Gold IRA Deposits Match Terms and Conditions Review your match history in the app, and if you’re near the one-year anniversary of your first matched deposit, wait.
Time It With Your Billing Cycle
Robinhood charges at the start of each subscription period and keeps the full fee when you cancel.1Robinhood. Robinhood Gold Agreement You keep every Gold feature until the paid period ends, so canceling early in a cycle wastes money and canceling right after a charge wastes the most. If you’ve just been billed and you’re sure you want out, cancel now so you don’t forget before the next charge; the features stay on until the period runs out either way.
Cancel in the App
- Tap the account icon (person silhouette) in the bottom right, then tap the Menu icon (three horizontal lines).
- Select Robinhood Gold.
- Tap Cancel Membership at the bottom of the Gold page.
- Work through the retention screens until you see confirmation that your subscription will not renew.6Robinhood. How Do I Downgrade From Gold?
Cancel on the Web
On a desktop browser, click your account icon in the top-right corner, open account settings, and find the Gold membership section in the side navigation or the account overview. Click the option to manage or cancel your membership and confirm through the prompts. The screens mirror the app version.
Canceling Gold does not close your Robinhood brokerage account. The account stays open as a standard profile and your holdings stay where they are. Leaving Robinhood entirely is a separate process involving liquidating or transferring your positions.
What You Lose When Gold Ends
Your account keeps every Gold feature through the end of the billing period you already paid for. After that date, four things change.1Robinhood. Robinhood Gold Agreement
Cash Interest
Gold earns 3.35% APY on uninvested cash through the High-Yield Cash Program.7Robinhood. High-Yield Cash Program After Gold ends, the rate drops to the standard tier. If you keep a sizable cash balance at Robinhood, the lost interest alone may be worth more than the $5 monthly fee — run the numbers on your typical balance before you cancel.
Instant Deposits
Gold gives you instant access to up to $5,000 on deposits, or three times your portfolio value if that’s higher. Without Gold, the instant deposit cap falls to $1,000, and anything above it takes up to five business days to settle before you can trade with it.8Robinhood. What Are Bigger Instant Deposits?
Margin Costs
Gold waives interest on the first $1,000 of margin. On a standard account, interest applies from the first dollar borrowed.3Robinhood. Robinhood Margin Rates You already have to be at a zero balance to cancel, so this matters only if you turn margin back on later.
Research and Market Data
Level II market data and Morningstar research reports are Gold-only. Access ends when the paid period expires, so line up another source beforehand if you rely on them.