Does cancelling Robinhood Gold close my Robinhood brokerage account?

No. Gold is an add-on subscription, not the account itself. Cancelling Gold downgrades you to the free Robinhood tier. Your holdings, cash, and account history stay exactly where they are. If you actually want to close the whole account, that is a separate process under Account, Investing, then Account closure.

Can I cancel the annual $50 Gold plan and get a prorated refund?

No prorated refund is documented. Robinhood says you keep Gold features through the end of the paid year, then drop to free. Community reports (including a JustAnswer case linked below) show users who tried for refunds had to escalate to support and were refused or granted only at discretion. If you are mid-year on annual, your best move is usually to wait until access actually ends rather than cancelling immediately.

Cancel button is greyed out. Why?

Two likely reasons. One, you have an outstanding margin loan balance and Robinhood blocks Gold cancellation until margin is repaid to zero (close positions or deposit cash to settle). Two, you hold the Robinhood Gold Credit Card. Annual Gold subscribers must close the credit card account first via Menu, Customer support, Contact support, before the Gold cancel button activates. Credit card closure is irreversible.

Last verified: May 2026

How to Cancel Robinhood Gold (and Avoid the 5 Money Traps First)

Three taps in the app. The reason this page exists is what must be true before you hit cancel. Skip the wrong one and Gold can cost hundreds on the way out.

Read this first

Cancelling Gold does not close your Robinhood account. Gold is a $5/month ($50/year) add-on. Cancel and you drop to free Robinhood, keeping shares, cash, and history. Closing the brokerage is a separate flow.

Pre-flight check: the 5 financial traps

Run through this list before you tap cancel. Any one of these can cost real money, and Robinhood does not surface them in the cancel flow.

1. Margin balance: if you have any borrowed margin, the cancel button is greyed out. Close positions or deposit cash to settle margin and accrued interest to zero first (Robinhood downgrade doc).
2. IRA match clawback: cancel within 1 year of a Gold-tier IRA match and the IRA is charged a fee of roughly one third of the match (the 2% Gold portion above the 1% base). $30 match becomes ~$20 back. See IRA Match FAQ.
3. 5-year holding rule: IRA match dollars must stay in the Robinhood IRA for 5 years. Withdraw early and you owe an Early IRA Match Removal Fee equal to the match. Survives cancellation.
4. APY collapse: Gold pays 3.35% on uninvested cash. Free tier is ~0.01%. Move meaningful cash to a real HYSA the day you cancel.
5. Gold Credit Card: annual subscribers must close the card before cancelling Gold. Closure is permanent. Menu → Customer support → Contact support.

Cleared all five? The cancel is fast.

The three taps that actually cancel it

In the app: Account → Menu → Robinhood Gold → Cancel membership. Web works the same. Robinhood bills Gold directly, so no Apple or Google Play fork. A short exit survey may appear (non-blocking). No retention agent, no surprise discount.

When access (and the charge) actually stops

Gold features (3.35% APY, margin, premium research, IRA match eligibility) run through the end of the billing period. No prorated refund on monthly or annual. You drop to free automatically; shares, cash, and account stay put.

Pending deposit-boost or promotional payouts that haven't settled are forfeited at cancel. Let anything mid-flight land first.

Questions Robinhood Gold users actually ask

Does cancelling Gold close my account?

No. Gold is an add-on. Cancelling downgrades you to free Robinhood; positions, cash, and history are untouched.

Prorated refund on the $50 annual?

No. Gold runs through the paid year, then drops to free. Refund requests are usually denied (community reports). Let the year run out.

Cancel button is greyed out. Now what?

Either an outstanding margin balance (repay to zero), or you hold the Gold Credit Card on the annual plan (close the card first via Menu → Customer support → Contact support). Card closure is permanent.

Researched and written by the Subcut team. Verified against Robinhood's official downgrade-from-Gold page, the IRA Match FAQ, and the Bogleheads IRA match mega-thread. Last verified working: May 13, 2026.

Spot a step that's changed? Tell us and we'll re-verify.

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