Signing up with Robinhood lets you access a wide range of prediction markets. You can use the app in the US, but you have to meet the Robinhood age requirement. So, what is the minimum age?
Well, Robinhood only accepts traders who are 18 years old and above. This criterion is standard across many US online trading platforms, so we already expected it. However, it doesn’t end at just specifying you’re up to 18 when registering. Robinhood requires verification to confirm, and we’ll explain how it works as you continue reading.
To be straightforward, you have to be at least 18 years old to use Robinhood. The platform operates under oversight by the Commodity Futures Trading Commission (CFTC), which makes it legit in the US. Per CFTC regulations, traders must be at least 18 to buy or sell contracts and other products.
If you meet the age requirement, you can register on the Robinhood app for prediction market trading. The site offers the service for politics, culture, and more. There’s even a Robinhood sports predictions market, which is quite popular.
At the moment, the answer is no. For context, a custodial account lets minors under 18 create trading accounts with approval from a sponsor. The sponsor is usually a parent, guardian, or other eligible investor.
During our review, we confirmed that Robinhood doesn’t support custodial accounts. Therefore, only persons who meet the Robinhood age requirement of 18 and above can use the app.
How old do you have to be to use Robinhood in the US? We’re sure you now know it’s at least 18 years old. However, meeting the Robinhood age requirement doesn’t mean you can automatically trade on the app. There are other criteria, including:
If you satisfy all the above conditions, you’re qualified to use Robinhood. You can register, deposit, and trade event contracts without worrying about Robinhood fees. The platform only has a $0.01 commission when buying or selling contracts.
We’ve clarified the Robinhood account age requirement and other criteria for joining the trading platform. If you’re eligible, these are the steps to sign up:
Click the links on this page to visit the Robinhood website or install the app
Tap the Sign Up button and complete the form
Verify your phone number and identity as prompted
Accept the terms and conditions
Submit your registration and wait for confirmation
Robinhood may take a few days to confirm your account opening request. When done, the platform will send an email on how to proceed, so we advise checking your inbox regularly.
Suppose you’re signing up to trade Robinhood event contracts. In that case, you have to also apply for a Derivatives account, and here’s how to do that:
Visit the Prediction Markets section
Select a contract event category
Attempt to purchase Yes or No contracts
Follow the on-screen onboarding instructions to apply
Wait for approval
If your account is approved, you’re ready to start trading Yes/No event contracts across Robinhood markets for elections, spots, economics, culture, and more. You’ll see different event contract prices based on market activity by active traders. A contract costs between $0.01 and $0.99, and if your prediction is correct, you get a $1 payout for it.
In our experience, Robinhood will attempt to automatically verify your age and other requirements while signing up. That’s why you have to provide your SSN. The system will check your provided information against your SSN details when you submit. If they match, you won’t have to submit documents at that stage.
In some cases, Robinhood will ask you to provide supporting documents to prove your identity. Based on our experience, these are the acceptable documents:
| Type of verification | Supported documents |
|---|---|
| Proof of identity | Driver’s license, state ID, passport, Social Security card, permanent residency card |
| Proof of address | Utility bill (electric, gas, water, or internet company) or bank statement, not older than 60 days |
From our review of the Robinhood minimum age requirement, here are the pros and cons of the trading platform:
To wrap up, the Robinhood age requirement is 18 years old. The limit is the standard for online trading in the US for all sites and apps regulated by the CFTC. Therefore, we can say that Robinhood complies with the rules to offer legal prediction markets in the US.
At the moment, the platform doesn’t support custodial accounts. Therefore, there’s no option for people under 18 to register, even with approval from parents or guardians. It may be a downside, but it’s not unusual since most other US trading sites also don’t feature such account options.
If you meet the age requirement to join Robinhood, getting started is simple. Just tap the banners on this page to visit the site and register today.
You can open a Robinhood account at 18 years and above.
You can’t bet on Robinhood. The trading platform only supports buying and selling event contracts on sports, politics, culture, and other categories. To access this service, you must be at least 18 years old and apply for a Derivatives account.
No, a 16-year-old can’t open a Robinhood account. The minimum Robinhood age for registration is 18, and the platform has no provision for custodial accounts.
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