Robinhood Order Flow Settlement
Robinhood has agreed to a $2 million class action settlement to resolve allegations that its “Payment for Order Flow” practices caused customers to receive inferior trade execution prices. If you placed market orders on Robinhood between September 2016 and September 2018 that executed at worse prices than the National Best Bid or Offer (NBBO), you may be eligible. File your claim by July 13, 2026.
What Is This Case About?
The lawsuit, Ji Kwon v. Robinhood Financial LLC et al., alleges that Robinhood’s “Payment for Order Flow” practices resulted in customers receiving inferior trade execution prices — specifically, market orders for stocks that executed at worse prices than the National Best Bid or Offer (NBBO). Robinhood denies all allegations.
Who Is Eligible?
U.S. Robinhood customers who between September 1, 2016 and September 1, 2018:
- Placed market orders to buy or sell equities that executed at worse prices than the NBBO, AND
- Had aggregate qualifying losses exceeding $5.00 from those trades
How Much Can You Receive?
Pro rata share of the $2 million net settlement fund. Estimated average payment is approximately $17.60.
How to File Before the Deadline
If you have an active Robinhood account, payment will be applied automatically (or you can request ACH transfer) — no action required. If you no longer have an active account, submit a Proof of Claim form at the official Robinhood Order Flow Settlement website.
View this settlement on OpenClassActions.com for additional details.
- Claim Deadline: July 13, 2026
- Settlement Amount: $2,000,000
- Final Approval Hearing: May 5, 2026
- Case Type: Securities — payment for order flow
OpenClassActions.org is not affiliated with Robinhood Financial LLC or the settlement administrator. This page is for informational purposes only and does not constitute legal advice.