Robinhood Legend launched in late 2023 as a premium tier above Robinhood Gold
Robinhood Legend became available to customers in November 2023. It is a paid membership tier that sits above Robinhood Gold and offers additional features for active traders and investors. The service costs $99 per month and includes everything in Gold plus extra tools and market data.
Unlike Gold, which requires a $5,000 minimum account balance to unlock margin trading and other perks, Legend is available to any account holder who pays the monthly fee. You do not need to meet a minimum balance requirement to subscribe. The subscription renews automatically each month unless you cancel it.
Robinhood rolled out Legend gradually to different user groups rather than all at once. If you did not see it available immediately in late 2023, it may have taken a few weeks or months to reach your account. The feature is now broadly available across the platform.
Key Takeaways
- Robinhood Legend launched in November 2023 as a $99 monthly subscription tier above the free Robinhood account and Gold membership.
- Legend includes all Gold features plus additional market data, research tools, and advanced charting not available in lower tiers.
- You can subscribe to Legend without meeting a minimum account balance, unlike Gold which requires $5,000.
- The subscription renews automatically each month and you can cancel anytime through your account settings.
What Legend includes that Gold does not
Legend adds several tools beyond what Gold members receive. These include Level II market data (showing bid and ask orders beyond the national best bid and offer), advanced charting through third-party platforms, and premium research reports from institutional analysts. You also get priority customer support through a dedicated channel.
The exact feature set has shifted since launch as Robinhood adds and removes tools. The most reliable way to see the current list is to visit the Legend product page on Robinhood's website or check your account settings if you are already subscribed. Robinhood publishes updates when features change.
How to subscribe to Legend
To subscribe, log into your Robinhood account and navigate to the Account or Settings section. Look for the membership or subscription area — the exact location varies slightly depending on whether you are using the mobile app or web version. Select Legend and confirm the $99 monthly charge.
Your first month may be prorated if you subscribe partway through a billing cycle. After that, the full $99 charge hits your account on the same day each month. You can cancel anytime and the subscription ends at the end of your current billing period — you will not be charged for the following month.
The difference between Legend and Gold
Gold costs $5 per month (or $55 per year if paid annually) and requires a $5,000 minimum account balance. It includes margin trading, after-hours trading, and some research tools. Legend costs $99 per month with no minimum balance and adds premium data and priority support on top of everything Gold offers.
If you have less than $5,000 in your account, you cannot use Gold's margin trading feature even if you pay the subscription. Legend does not change this — margin trading still requires the $5,000 minimum. Legend is primarily for traders who want advanced data and research, not for accessing margin itself.
Whether Legend is worth the cost
The value depends on how much you trade and whether you use the specific tools included. At $99 per month, Legend costs $1,188 per year. If you trade frequently and rely on Level II data or premium research, that cost may be justified. If you trade occasionally or do not use those tools, the cost is likely not worth it.
Many traders get by with the free tier or Gold alone. Before subscribing, check whether you actually use the features Legend adds. Robinhood sometimes offers trial periods or discounts for new Legend subscribers — check your account to see if you have access to a trial before committing to the full monthly fee.
Canceling your Legend subscription
To cancel, go to your Account or Settings section and find the membership area. Select Legend and choose the cancel option. Robinhood will ask you to confirm. Your subscription ends at the end of your current billing period and you will not be charged again.
If you cancel mid-month, you keep access to Legend features through the end of that billing cycle. You do not get a refund for the unused portion of the month. If you want to pause rather than fully cancel, check whether Robinhood offers a pause option — this varies by account type.
Frequently Asked Questions
Do I need $5,000 in my account to use Legend?
No. Legend has no minimum balance requirement. However, if you want to use margin trading (which is included in Legend), you still need $5,000 in your account. The subscription fee and the margin minimum are separate requirements.
Can I try Legend before paying for a full month?
Robinhood occasionally offers trial periods for Legend, though these are not always available. Check your account settings or the Legend product page to see if a trial is currently offered. If no trial is available, you can subscribe for one month and cancel if you do not find it useful.
What happens to my Legend subscription if I close my Robinhood account?
Your subscription ends when your account closes. Robinhood will not charge you further, but you will not receive a refund for unused time in your current billing period. If you plan to close your account, cancel Legend first to avoid any final charges.
Is Legend available on the Robinhood mobile app?
Yes. You can subscribe to, manage, and cancel Legend through both the mobile app and the web version of Robinhood. The steps are the same on both platforms — navigate to your account settings and find the membership section.
Can I upgrade from Gold to Legend?
Yes. If you already have a Gold subscription, you can add Legend. Robinhood will charge you the $99 monthly fee for Legend in addition to your $5 Gold subscription. You can keep both active or cancel Gold if you prefer to use only Legend.