- If you bought with $5k, $5k of stock - no leverage - If you waited 3 business days for your deposit to clear - If you waited for stock settlement before buy

- If you bought with $5k, $5k of stock - no leverage - If you waited 3 business days for your deposit to clear - If you waited for stock settlement before buying other stock. Basically no margin, no 'instant' deposits, and needing 25k+. You wouldn't even bother using robinhood.