How to Change or Downgrade My Robinhood Gold Account to an Instant Account?

Robinhood gives Gold subscribers the possiblility to downgrade their account to an Instant account.

There are a few requirements you have to meet in order to downgrade your account:

1. You aren’t currently investing on margin (aka have a margin balance)

2. You aren’t currently using Instant Deposits over $1,000

3. You don’t have any pending orders that utilize margin

4. You have more cash than pending accrued interest

5. You have enough cash to cover your options collateral requirements.

To downgrade from Robinhood Gold to Instant Account, simply go to the Robinhood Gold section of your account settings and tapping Downgrade from Gold. If you downgrade, you’ll immediately lose access to the premium features and will be charged any interest accumulated during the billing cycle.

Be sure to cancel your subscription before your next billing date to avoid being charged a renewal for another 30 days of Gold. You can find the billing date in the Robinhood Gold section of your account settings. Every time you upgrade your account, your billing cycle will reset to 30 days and you will be charged the $5 monthly fee.