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Robinhood Pre Market, Extended, and After Hours Trading (2020)


Robinhood extended hours trading: Robinhood Gold account fees, broker surcharge, and time period. How to enter Robinhood pre market and after market buy/sell orders/trades.



What Time Does Robinhood Starts Trading?


Robinhood starts trading at 9:00 am, EST. To compare, $0-commission broker Webull’s pre-market session opens at 4:00 am, EST.


Robinhood Extended-Hours Trading Overview


Besides buying and selling stocks and ETF’s during regular market hours, which are during the week from 9:30 am until 4:00 pm, EST, Robinhood clients can also trade during extended hours. The complete trading time period is 9:00 am until 6:00 pm. Another $0-commission broker - Webull - not only offers longer extended-hours period (4:00 am until 8:00 pm, EST) but also paper trading, IRA accounts, and excellent trading platform, all of which are not available on Robinhood.


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Robinhood Extended-Hours Period


Robinhood’s pre-market session begins half an hour before the regular market opens. The broker’s after-hours period lasts from market close until 6:00 pm, EST. These sessions combined produce an extra 2½ hours of trading.


How to enter Extended-Hours Orders on Robinhood


Robinhood only accepts limit orders during the pre-market and after-hours sessions. If you submit a market order, the broker-dealer will automatically convert it to a limit order, and add a 5% collar to it. If you place a market order after the evening session closes, it will be sent to the regular period the following morning, bypassing the pre-market session.


Robinhood after hours trading


Comparison


Other brokers don’t charge anything for trading during extended hours or require a special account. TD Ameritrade is one example. On the flip side, Robinhood doesn’t impose any additional commissions for pre-market or after-hours trades. E*Trade imposes a 0.5¢ surcharge on these orders.

Robinhood’s pre-market session is shorter than Ally Invest’s, whose early period opens an hour before Robinhood’s.

Although Robinhood has some disadvantages here, it nevertheless does better than some brokers. M1 Finance, for instance, doesn’t provide any extended-hours trading.


Ups and Downs of Trading During Extended Hours


Robinhood reminds its clients that trading before the market opens or after it closes incurs additional hazards. These include lower liquidity, which can make it difficult to find a counter-party. Volatility is also often a problem. This can cause order fills to be further away from the stock price compared to the regular sessions.


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