Scammers posing as recruiters will direct individuals to establish accounts at Robinhood and receive funds from typically stolen bank accounts or other illicit activity. The individuals are then instructed to withdraw portions of the money to various sources while keeping some for commission or compensation.

Sensitive information, such as your Social Security number, are encrypted before they're stored. In addition, our app and website securely communicate with our servers using the Transport Layer Security (TLS) protocol with up-to-date configurations and ciphers.

Robinhood is a member of the Securities Investor Protection Corp. (SIPC). This means that any loss of an investor's securities (e.g., stocks and bonds) and cash held by Robinhood is protected up to $500,000 in the event the firm fails or goes out of business. This includes up to $250,000 protection for cash holdings.

If you see activity that you don't recognize or didn't authorize on your Robinhood account—or have any other reason to believe it has been compromised, contact us immediately. When reviewing your account activity, keep in mind that the locations of devices listed are approximate.