Robinhood vs stockpile8/7/2023 RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. A list of our licenses has more information. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). If none of these reasons apply, contact us for help.īrokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). If you want to transfer options contracts into Robinhood, you need to sign up and get approval for options trading in the app first before you re-initiate an account transfer. You don’t have options trading approved and enabled. Your account will need to support the margin balances and positions you transfer in to avoid any margin calls or account deficits. If you want to bring in a margin balance, make sure you've been approved and enabled margin investing before you attempt another account transfer. You haven't met the margin balance requirements. Review What can I transfer into Robinhood before you initiate the transfer process. Typically, if a security is purchasable on Robinhood, it is transferable (for both full and partial positions). In the review stage, if we see that you're bringing in assets that Robinhood can't hold, we'll reject your transfer request. Your other brokerage account contains ineligible assets. ![]() SoFi Securities, WeBull, TradeZero, Ally Invest, Stockpile Investments, Level X, TradingBlock, Dough, 1st Trade Securities, Gatsby, Trade App, All of Us Securities, SogoTrade,Public, M1 Finance, Tastyworks, Tradier Brokerage, Viewtrade, Redbridge Securities, Titan Invest, United Income, Father Finance The following lists important account details about some of the outside brokerages:Īccount number is usually 17 total characters in length: 4 letter alpha partner code, 3 numeric branch code, 10 digit alphanumeric account numberĪccount number must be 9 alphanumeric charactersĪccount number usually 8 alphanumeric or numeric charactersĪccount number must be 9 characters, usually 3 alphanumeric characters, followed by 6 numbers or 9 numeric digitsĪccount number must be 8 or 11 numeric digitsĪccount number must be 8 alphanumeric characters Your account number was entered incorrectly. ![]() An account transfer can be rejected for a number of reasons, including the following:
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