Updated 19th April 2025
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Clearing by Robinhood brings two exciting changes to the way they support customers like you:
A new brokerage firm that exists solely to support its customers’ investing
A new engineering system that powers the new brokerage
Clearing by Robinhood will allow them to help their customers more easily and efficiently, and there are three changes you’ll notice right away:
They’re reducing or cutting seven fees that their former clearing broker charged
They’re approving applications 24/7
They’re bringing their award-winning design to everything from brokerage account statements to trade confirmations
Yes! But, there are two types of brokerage firms: introducing brokers and clearing brokers. These two types of brokers have very different regulatory oversight requirements.
Before, Robinhood was only an introducing broker, which means that they used a clearing brokerage for “back office” support, like settling the trades you placed on Robinhood. Using a clearing broker is the industry norm when a company like Robinhood wants to let its users place trades. In fact, the top five clearing firms cleared 1,310 introducing firms in 2016.
Now, Robinhood is also a clearing broker, which means they have complete control over giving you the best experience out there!
If you want to stay a Robinhood customer, you’ll have to use Clearing by Robinhood. If you’re not interested in using Clearing by Robinhood, you can transfer your assets to another brokerage.
They’d be sad to see you go, but hope you’ve enjoyed being a part of their journey to democratize the financial system.
Address
Menlo Park, California 94025, US
Robinhood was established with the straightforward notion that everyone should have access to their financial markets. This hasn't always been simple in a sector where restrictions have been the norm for too long. To level the playing field and provide everyone the opportunity to participate in the financial system, regardless of wealth or industry expertise, they are making trading more accessible, affordable, and inclusive.
Baiju and Vlad, their co-founders, were classmates and roommates at Stanford, where their journey first began. Following graduation, they moved to New York City, founded two finance firms, and began selling their proprietary trading software to hedge funds. They learned that whereas the majority of Americans paid commission on every deal, large Wall Street corporations paid virtually nothing to trade equities.
About Robinhood Homepage
https://robinhood.com/
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