How Do I Change Your Robinhood Margin Account to a Cash Account?

Robinhood means Robinhood Markets and its in-application and web experiences with its family of wholly-owned subsidiaries which includes Robinhood Financial, Robinhood Securities, and Robinhood Crypto.

Robinhood is a pioneer in the no-commission brokerage model. It remains a solid choice for beginners, as they can invest in stocks, ETFs, and options with zero commissions.

If you are looking to change to a Robinhood Cash account from a Margin account, note that you’ll be able to trade solely with settled funds in the future. Here is how to Change Your Robinhood Margin Account to a Cash Account;

1. Login to your Robinhood app.
2. Go to your “Account Profile” tab.
3. Go to your “Menu“.
4. Select “Investing“.
5. Scroll down till you see “Day Trade Settings“. This section will show you how many days of trades you have used which is very important when trading with a margin account.
6. Tap on the Day Trade Settings which will show you some information regarding the pattern day trader (PDT) rule which applies to all margin accounts under $25,000 in the US.
7. Look for an option saying “Turn Off Instant Settlement” and click on it.
8. Keep in mind that this action is permanent.