Save my name, email, and website in this browser for the next time I comment. In the UK, you will find some alternatives which have even proven to be reliable (and perhaps even more reliable than Robinhood!). 37 alternative and related products to Robinhood for iOS (do not use) Robinhood for iOS (do not use) Democratizing investing, except when you want GME. TD Ameritrade. AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. More than 15 million people have already downloaded the app, in 2017 it was the trading app with the most downloads in Germany and, since 2016, it remains in 1st place in the United Kingdom. Robinhood UK Alternative? With a eye-catching UI inspired by digital bank pioneers like Monzo and Revolut, it’s also easy to use for even the least experienced investor. Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. Capital at risk. reference number: 786446). After going commission-free in 2019, it instantly became a robust platform that … Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. As one of the biggest publicly traded financial services company operating in the UK, Hargreaves Lansdown is a constituent of the FTSE 100 Index. We’ve got you covered! Fractional stock buying is also an option. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. We’ve found some similar trading platforms to Degiro that you could consider. our site. Users of the app often trade stock options and other assets such as cryptocurrencies using leverage. that aims to provide you with the tools you need to make better Close. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Capital at risk. report. The New York-based trading platform is not yet available in the UK or Europe, but here are the UK’s leading alternatives. Home » RobinHood App Alternative In The UK and Europe – Buying Stocks and Shares For Free Using Freetrade. Choose the one that goes with your investment style. Not suited for trading shares. You can also invest in other products such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies through their platform which is intuitive and simple-to-use, making it a good choice for beginners, not to mention that they started offering free stocks and ETF trading in Europe. A fully integrated suite of payments products for startups . Find out about Pink Sheet Stocks are, including some examples of Pink Sheet Stocks, the risks involved and how to invest in some. Freetrade is on a mission to help customers achieve better long-term financial outcomes and, for that purpose, it wants to be as transparent and trustworthy as possible. If you’re interested, you can also read our full Freetrade Review. This time i'm back to ask if anyone has any experience with an app called FreeTrade, a UK based answer to Robinhood for Europeans. It's got three different retirement options. Fidelity is another good all-rounder, offering a good package at a decent price. As such, Robinhood is defined as a commission-free online broker that offers the possibility of trading stocks, ETFs, options, and cryptocurrencies. Top Alternatives To Robinhood For Trading Stocks And Crypto-Currency Without Limits BECOME A PATRON In the last week, the GameStop fiasco has expanded to several other stocks and now cryptocurrencies. and options. Matador’s clean, simple design makes it easy to make quick trades at the touch of a button. It also boasts an in-depth and advanced trading platform for investors looking to do more than simple trades. We initially planned to launch Robinhood in the UK in 2020. The Best Robinhood Alternatives. hide. Let’s say you’re angry with Robinhood after they unexpectedly restricted the trading of “memestocks” last week, or maybe the app is too gamified for your comfort, or perhaps you’re simply looking for an brokerage platform offering more features or research information—here’s a look at some stock trading app alternatives with $0 account minimums and zero stock trading fees. For 9,9 pounds a month, users get extra features, such as limit orders, the ability to set stop loss, more stocks, etc. It had planned to open in the U.K. in 2020 but it was postponed indefinitely due to Covid-19 (more info: here). While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. On the downside, withdrawing money is slow and spreads can be high for some products, like cryptocurrencies. Find out what a short squeeze is and how to trade a short squeeze. AJ Bell has two different pension options, a self managed pension and one that is managed for you. We UK Stocks. authorised and regulated by the Financial Conduct Authority (firm Freetrade: the UK equivalent to Robinhood, Freetrade lets you invest in more than 1600 UK and US stocks, as well as ETFs, for free. finder.com is an independent comparison platform and information service By law, any financial company must reveal all the material facts that an investor would want to know before making any investment decision (more info: here). However, the firm announced it would reinstate trading on Friday after securing $1bn (£730m) funding in a week like no other on Wall Street. interactive investor vs Hargreaves Lansdown, Alternative to Robinhood for its advanced trading platform: eToro, Alternative to Robinhood for global stocks: Fineco, Alternative to Robinhood for general trading: IG, Alternative to Robinhood for its ISA: Freetrade, Hargreaves Lansdown Fund and Share Account, Interactive Investor stocks and shares ISA, Hargreaves Lansdown stocks and shares ISA, The best stock trading apps and platforms in the UK, Gamestop stock controversy continues to escalate, A complete guide to buying, selling and investing in silver, Reddit stocks: 10 stocks on the WallStreetBets radar, Unlimited trades, with no dealing charges or management fees, If your trades get copied you can earn extra money, No minimum deposit, no conversion fee, no monthly fee. Again, as the name suggests, there is a strong focus here on commission … On the downside, it shows some limitations in terms of products available, such as the lack of bonds and options. You are about to post a question on finder.com: Level 2, 20 St Thomas St, Promoted. Buy or sell from 108 Stocks including HSBC, VRNA, and LXFR. Past performance is no guarantee of future results. The mobile app is remarkably user-friendly. For non-US investors that don’t meet the above qualifications to invest with Robinhood, we recommend opening an account with ZacksTrade (especially if … Founded in 2006, eToro is a well-known worldwide fintech startup and the leader in the social trading field (follow other people’s trades), with over 13 million users worldwide. Looking for the same sort of features that are useful for entry level trading. You probably heard about the Robinhood app on Youtube, and want to know if it’s available in the UK, am I right? Capital at risk. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Besides, Robinhood has already faced some security breaches revealing sensitive information about its clients and, at one point, it even allowed for “infinite leverage” that was shortly corrected but it did not avoid major losses for some clients. You do have the added bonus of having access to a strong selection of both US and UK stocks as well as a small number of European stocks. It’s popular among traders thanks to its low fees, range of trading options and minimalist design targeting younger investors. Android. Capital at risk. Learn how we maintain accuracy on our site. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. More and more investors are turning to investment websites and apps for the purposes of buying fractional shares and paying less in fees. Reddit has long been home to a huge retail investing community called WallStreetBets. Free. As displayed on their website, Freetrade makes money through 3 revenue streams: ISA, £3/month, their premium service (£9,9/month), a fee of 0.45% of the Base FX rate on each US order placed, and a small amount of interest earned from banks on customers’ cash. Toggle navigation. product or commit to any plan. All investing should be regarded as longer term. Has anyone used FreeTrade? Keep in mind that our best picks may not always be the best for you – it’s important to compare for yourself to find one that works for you. No transfer fees or exit fees. Capital at risk. Ultimately, their goal is to allow everyone to benefit from wealth creation. The online broker earns money from interest earned on customers’ cash balances (money in your account not invested), by selling order information to third parties (high-frequency traders, for instance) and margin lending. We are a credit broker and not a lender and Robinhood is a US trading platform founded in 2013 that offers zero commissions on stocks, options and ETFs. Some of the non-accessible assets are the following ones: ETFs, CFDs, Forex, bonds. It's got everything you'll need, from beginners to experienced investors. Capital at risk. London, SE1 9RS. Confirm details with the provider you're interested in before making a decision. 2. Robinhood is a modern and easy-to-use investment app from the US, which has introduced the concept of commission-free trading in financial products such as stocks and ETFs. Join Us. Nutmeg offers three types of portfolios. Robinhood cancelled its much-anticipated UK launch in 2020. The material on this website is for informational purposes only and we make no guarantees as to the accuracy or completeness of its content – it is subject to change, so please conduct your own due diligence. App Store. Pension Bee is a newbie in the pension market. Trading 212 is another great UK alternative to Robinhood. Top Robinhood Competitors. Explore the websites above and decide for yourself! And when you’re investing without the help of an advisor, the risk of financial loss may increase. Founded in 2006, Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple mobile application by allowing anyone to invest in more than 6500 stocks and ETFs, Forex, commodities, CFDs and cryptocurrencies. Robinhood alternatives for UK investorsHargreaves LansdownOne of the pioneer brokerage platforms in the United Kingdom, Hargreaves Lansdown has over £40 billion in assets under management. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. Your first 100 trades are free with Fineco, T&Cs apply. Robinhood, a commission-free US stock trading app, is following its namesake to the land of Sherwood Forest and Maid Marian. Capital at risk. 2021 Top rated Robin Hood competitor online brokerage companies alternatives offering free or low priced trades. On this app, you can share your trades with your friends, and you can see what stocks other people have been trading too. Brokerage firm Robinhood came under intense scrutiny on Thursday after suspending buy orders on soaring stocks like GameStop, AMC and others. For each broker, we. Robinhood’s launch in the UK. Want to know if Robinhood is available in the UK, its expansion plans, and the alternatives available? XTB : free stock trading up to 100.000€ monthly volumes. Our address is Level 2, 20 St Manage your money with an easy-to-use Moneybox app. Robinhood used to be a . Robinhood alternatives for UK investors Hargreaves Lansdown. This website is free to use but we may receive commission from some of the merchants mentioned. A lot changed in the world over the past several months, and so we made the difficult decision to postpone our UK launch indefinitely. Founded in 2019, Revolut Trading is part of the Revolut app (existing since 2015) and provides its users with an efficient way to invest (all in one place). In Trading 212, you will find commission-free stocks and ETFs trading, fractional shares and even an automatic investment system (Robo-advisor), if you wish. Capital at risk. Capital at risk. The app is super intuitive and the account opening process is 100% digital, fast, and secure. Opening an account and depositing is easy, and you can even try it out with virtual money. Capital at risk. ZA227007. Freetrade – Best Robinhood Alternative for UK Residents Freetrade is a good alternative to Robinhood but it's only available in the UK, The Netherlands, and Ireland. Want to compare other providers? One of the pioneer brokerage platforms in the United Kingdom, Hargreaves Lansdown has over £40 billion in assets under management. product provider, We cannot provide you with personal advice or recommendations. I often get asked the question ‘ Is there A UK or European trading app that is similar to RobinHood.’ My answer has always been no. UK Alternative to Robinhood: Invest in US Stocks; MySupermarket Alternative: Compare Supermarket Prices UK; Win $1,290.78 Worth of Tesla Stock Courtesy of Stake; Filed Under: Grow Your Money. Archived. We’ve detailed how they work, some examples and the high risks involved. The covid-19 stock crash during the first quarter of 2020 showed some vulnerabilities of Robinhood´s platform. iPhone. Free. Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. It helps consolidate your pension plans into one place. We may receive compensation from our partners for placement of their products or services. Capital at risk. There are still many customers and good reasons to use Robinhood as an investor. Fineco lets you trade more than 20,000 financial instruments, including global stocks, funds and bonds. Fintech + 2. get it. 0% commission but other fees may apply. Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. Your email address will not be published. Find out your different investment options, the benefits of investing in silver and what the possible risks are. TD Ameritrade is one of the best overall online brokerages and a great alternative to Robinhood. Interactive Investor offers everything most investors need. Finder.com Comparison UK Limited (company number: 10482489) is Please appreciate that there may be other options available to you than the products, providers or services covered by our service. We endeavour to ensure that the information on this site is current and Data Protection ICO registration number: Fundrise UK: Expansion Plans and Alternatives for 2021, Is Mint Available in the UK? We may also receive compensation if you click on certain links posted on our site. Reader Interactions. Capital at risk. Robinhood is known to be one of the better stock trading apps around for small investors, so barring these users from trading certain stocks was a bold, and potentially consequential, choice. Like the intuitive app, no trading fees, fractional investing, no account minimum (except for margin accounts), and they even have high-yield savings now. What is a good alternative to use if I am in the UK? Unfortunately, Robinhood is not yet available outside the U.S. Take a look at our comparison table: We update our data regularly, but information can change between updates. In 2020, Robinhood announced that it was postponing its launch in the UK indefinitely. Your capital is at risk. Investingintheweb.com does not provide any offer or solicitation to buy or sell any investment products, nor does it constitute an offer to provide investment advisory services. Within the app, you will notice two distinct sub-platforms: Trading 212 Invest, where you can trade a range of assets free of charge and trading 212 CFD, where you may trade leveraged financial products (CFDs). The Robinhood app UK was cancelled for 2020 at the beginning of the week. Indeed, the competitors of Robinhood have been monitoring very closely this exponential growth and, in October 2019, some major well-established brokers in the U.S. such as E-Trade, TD Ameritrade, and Charles Schwab announced in quick succession they were eradicating trading fees. Of US stocks available and having recently launched fractional shares, funds ISAs! Only that, but here are the following ones: ETFs, CFDs, cryptocurrencies and forex with fees. They operate under a freemium ( free+premium ) business model ( more info: )... Based ) Robinhood alternative no of losing your money many customers and good to. Vulnerabilities of Robinhood´s platform opening process is 100 % digital, fast, you... The University of Technology Sydney traders thanks to its competitors by revenue, employee growth and other such! Brokerage companies alternatives offering free or low priced trades by our service loss may increase available outside the.. Posted on our site quick trades at the beginning of the best low-cost share brokers, for people who choose. Several to consider trading CFDs with this provider suspending buy orders on stocks... Digital, fast, and you can also read our full Freetrade review such! Gamestop, AMC and others educational or market research material we initially to! Lansdown is the limitation in the UK brokers still present high complexity over their platforms and product.!, only if you want US to follow up with you the free trade app is another good for! Flat fees makes it pricey for small portfolios, but information can change between updates you... In trading, such as the free app is for some investors, it does offer UK stocks also that! Best overall online brokerages and a great alternative to Robinhood from wealth.. During the most liked alternative is Coinbase, E * trade and Charles Schwab, there are many!, VRNA, and objectives is a US robinhood alternatives uk platform offers, are there compelling... 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