We found 11 online brokers that are appropriate for Trading Robinhood Alternative Investment Platforms.
Following the recent restrictions on trades from certain companies, backlash against Robinhood from across all corners of the industry has increased. To paraphrase a well-known proverb, many believe Robinhood is robbing from the poor and giving to the rich.
In a Robinhood backlash parade, some celebrities and politicians also joined in the condemnation. Their concern was the halting of AMC, GameStop, and other such stocks purchases.
However, Robinhood argued that the restrictions were due to the high market volatility of certain companies which were promoted on WallStreetBets, the forum of Reddit.
In a statement, the popular online broker claimed to have restricted transactions for securities of Nokia and Bed, AMC, GameStop and Bath and Beyond to a position of closing.
The move was strongly criticised by US Congresswoman, Rashida Tlaib, and she called for a hearing on the matter by the House Committee on Financial Services.
In her tweet, she defined the move of Robinhood as absurd and alleged that the broker is stealing millions of dollars from investors to protect those who have used the stock market for years as a casino.
Congresswoman, Alexandria Ocasio-Cortex, supported Tlaib, claiming that a hearing should take place. She serves on the House Committee on Financial Services.
She tweeted saying the move of Robinhood to restrict transactions is unacceptable and wants to know why retail investors were stopped from purchasing stocks while hedge funds could still trade them.
Rapper Ja Rule also tweeted support for the hearing, and amid such extensive Robinhood backlash, the Robinhood app on Google Play and Apple's App Store was flooded with one-star ratings.
Forum members shared links where users could file a complaint to the US Securities Exchange Commission. Bloomberg reported that a lawsuit was filed, and The Independent wrote that the online broker refused to comment when requested to do so.
It is further believed that legal action has been taken by some investors, and a complaint has been filed in the Southern District of New York against Robinhood.
Barstool Sports founder, Dave Portnoy, called for the arrest of Robinhood's team for attempts to interfere in the free market.
Barstool entered into the cryptocurrency space in 2020.
Meanwhile, some market experts are now raising questions of the legality such conspiracy by forum members to raise the price of certain stocks.
One of the partners of New York-based law firm, Anderson Kill, Preston Byrne, said the actions taken by the group of investors might violate the law.
Byrne added that if two traders conspire for price rising, it is unlawful. When people in their millions do the same, some activities would be bona fide. However, a lot of it would not be bona fide.
The move of Robinhood has also resulted in the drop of GameStop stock by 70 percent. It fell from $469.42 to $141. Similarly, the stocks of AMC dropped by about 62 percent in the same period.
Meanwhile, amid the Robinhood backlash issue, it is worth mentioning the primary focus of the broker's business. Its mission statement is to provide access to financial markets to everyone, claiming that it is attempting to democratise finance.
Robinhood was founded in 2013 and it gained popularity immediately after stepping into the financial market. It was the first online broker to offer commission-free trading and this was a big hit among newcomers who started with low capital.
Robinhood charges no commission for trading of stocks, options, ETFs and cryptocurrencies on its platform. In fact it earns revenue by selling order flows to the wholesale market makers. Hence, it could be argued that the offer of zero commission is not actually free. The broker also earns from Robinhood Gold accounts, which cost investors $5 per month to gain access to margin trading and some other additional features.
Furthermore, the Robinhood mobile app is extremely user-friendly. It is an easy-to-use app and makes trades simple to execute. Its educational resources are improving, and the company has recently started a YouTube channel, offering trading tips to investors, particularly beginners.
The current backlash against Robinhood may stay around for a while, but it won't last forever. The broker has recently injected billions of dollars into its platform development to help offer better user experiences.
Beginners can still sign up with Robinhood to reap the benefits of zero commission trading and fraction shares offering. The broker simultaneously offers cash management that issues debit cards, and cash can be withdrawn across thousands of ATMs at no cost. Any uninvested money receives returns and the annual yield is 30 percent.
We have conducted extensive research and analysis on over multiple data points on Robinhood Backlash to present you with a comprehensive guide that can help you find the most suitable Robinhood Backlash. Below we shortlist what we think are the best Robinhood Alternative Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Robinhood Backlash.
Selecting a reliable and reputable online Robinhood Alternative Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Robinhood Alternative Investment Platforms more confidently.
Selecting the right online Robinhood Alternative Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Robinhood Alternative Investment Platforms trading, it's essential to compare the different options available to you. Our Robinhood Alternative Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Robinhood Alternative Investment Platforms broker that best suits your needs and preferences for Robinhood Alternative Investment Platforms. Our Robinhood Alternative Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Robinhood Alternative Investment Platforms.
Compare Robinhood Alternative Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Robinhood Alternative Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Robinhood Alternative Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Robinhood Alternative Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Robinhood Alternative Investment Platforms that accept Robinhood Alternative Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Robinhood Alternative Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Robinhood Alternative Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Robinhood Alternative Investment Platforms below.
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