ByHow to Delete Your Robinhood Account
Thanks to brokerage platforms such as Robinhood, the opportunity to make extra buck trading stocks, options, and cryptocurrency at the comfort of your home has never been more available.
Learning may prove a challenge, especially when you forget the email or password required to log in and complete the process. While this can be understandably frustrating, DoNotPay's Delete Account product can handle it on your behalf and erase the account and all associated personal information from the platform.
Aside from deleting your Robinhood account, we can also assist you in removing your accounts in:
Reasons You Might Consider Deleting Your Robinhood Account
Old inactive accounts can compromise your data security as they are prone to data breaches because of not being closely monitored. You are, therefore, better off learning .
Some of the instances in which it is best to delete your Robinhood account include:
| When you want to shift to more day trading | Robinhood only allows you to trade stocks, options, ETFs, and cryptocurrency. It, however, does not offer day trade platforms and tools. It would make sense to delete your Robinhood account if you only wish to partake in offerings not offered on the site. |
| When you want to shift to less risky traditional brokerages | If you transfer your investments to a more traditional, institutional investment broker that will direct you, it will make sense to close your Robinhood account. |
| When you want to partake in more risky stocks not allowed in Robinhood | In early 2021, Robinhood blocked users from buying certain stocks, which did not augur well with a segment of its users. If you found yourself in such a situation and wanted to abandon Robinhood for a platform that offered more liberties, then it would be wise to delete your inactive Robinhood account. |
Things to Do Before Deleting Your Robinhood Account
Deleting the account means that you will have to undertake the application process all over again should you choose to trade on the platform at a later date. However, you will still view past statements and trade confirmations.
Before deleting your account, you must have $0 in your account. That means you have to sell all of your positions, withdraw your balance to your bank account or transfer all assets to another brokerage.
How to Delete Your Robinhood Account
Once there is no asset or balance in your account, you can delete it by following the steps below.
- Log into your Robinhood account
- Tap the account (person icon)
- Tap settings
- Tap account information
- Navigate to the bottom and tap Deactivate account
- Confirm your deactivation request.
You could also submit a written request to support@robinhood seeking closure of the account.
However, logging into the platform is not possible if you have forgotten the password and the alternative recovery emails or phone numbers that could help you reset the password.
DoNotPay can help you retrieve your password to complete the deletion process on the platform. All you have to do is follow these steps.
- Go to the Recover Passwords product on DoNotPay.
- Select the type of account you are trying to recover, such as email, streaming service, social media, gaming, eCommerce, and more.
- Tell us more about your account, including usernames and associated emails/phone numbers.
- Help us verify your account ownership by entering the date you first created the account, when you last logged in, any payment methods saved under the account, etc.
- Upload photographic evidence if you have any that can help prove your account ownership.
- Enter any last known or previously used passwords to help verify your identity.
- Enter your contact information and submit the task!
Another option would be to let us delete the information on your behalf.
How to Delete Your Robinhood Account With the Help of DoNotPay
If you want to delete your Robinhood account but don't know how to go about it, then follow these easy steps on DoNotPay to get started.
- Go to Delete Old Accounts product on DoNotPay.
- Select the type of account you are trying to delete, such as email, streaming service, social media, gaming, eCommerce, and more.
- Tell us more about your account, including usernames and associated emails / phone numbers.
- Help us verify your account ownership by entering the date you first created the account, when you last logged in, any payment methods saved under the account, etc.
- Upload photographic evidence if you have any that can help prove your account ownership.
- Enter any last known or previously used passwords.
- Enter your contact information and submit the task!
What Else Can DoNotPay Do?
Apart from helping you delete your online account, DoNotPay can also assist you with other concerns such as:
- Appeal banned accounts
- Put an end to spam email
- Get free trials without getting charged
- File a complaint against any company
- Return purchased items
Make sure to sign up and check our range of products that cater to your issues and concerns, even those not highlighted above. There is a high likelihood that we will be in a position to help!