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: You will answer questions about your investment objectives, income, and previous trading experience.
To start, you must enable the feature within the app. Robinhood is legally required to assess whether options trading is appropriate for you based on your financial situation and experience.
Requires a higher level of experience and typically a Robinhood Gold or Instant account; basic cash accounts do not support Level 3. 3. Costs and Fees One of Robinhood's biggest draws is its low-cost model. Placing an options trade | Robinhood
: Most users must pass a 10-question multiple-choice quiz covering options fundamentals and risks. In early 2025, Robinhood introduced AI-driven assistance that helped improve pass rates by 20%.