As a new investor on the Robinhood app, you will be required to sign a clearing agreement before you can start trading. This agreement outlines the terms and conditions of the transactions that take place between Robinhood and the clearinghouse, which is responsible for settling the trades you make on the platform. In this article, we’ll walk you through the steps on how to sign the Robinhood clearing agreement.
Step 1: Open up the Robinhood app on your device and navigate to the “Investing” tab.
Step 2: Click on the “Account” button at the bottom right corner of your screen.
Step 3: Scroll down to the “Documents” section, and you’ll see a list of documents that need to be signed.
Step 4: Click on the “Clearing Agreement” document, and it will open up for you to review.
Step 5: Carefully read through the document and make sure you understand all the terms and conditions outlined.
Step 6: Once you have reviewed the document, click on the “Sign” button located at the bottom of the page.
Step 7: You will then be prompted to enter your full legal name and date of birth. Make sure you enter this information accurately to avoid any issues down the line.
Step 8: After entering your personal information, you will be asked to confirm that you have read and agreed to the terms and conditions of the clearing agreement.
Step 9: Click on the “Submit” button, and you’re all done!
Congratulations, you’ve successfully signed the Robinhood clearing agreement! You can now start trading on the platform.
In conclusion, signing the Robinhood clearing agreement is a necessary step for new investors before they can start trading. It’s important to take the time to read through the document carefully to ensure you understand all the terms and conditions outlined. With these simple steps, you’ll be on your way to investing and potentially growing your portfolio. Happy investing!