Robinhood Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If Robinhood does not match your requirements we explain the top Robinhood alternatives and Robinhood competitors in this guide.
The best alternative for Robinhood is IC Markets or Roboforex.
When searching for a Robinhood alternative, there are a few things you need to check. The Robinhood trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top Robinhood alternatives and competitors feature by feature further below this Robinhood alternatives guide.
If you are looking for a trading platform that offers similar features to Robinhood or Robinhood. Or if you are looking for features that Robinhood does not offer that you require when trading, we will show you the best Robinhood alternative options below.
We highlight the pros and cons of each Robinhood alternative. Maybe you are looking for better customer service from a Robinhood alternative or more competitive Robinhood fees and more financial instruments to trade.
We have listed some reasons why Robinhood may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- Robinhood does not offer Guaranteed Stop Loss (See Robinhood alternatives who offer Guaranteed Stop Loss here)
- Robinhood does not allow Scalping (See brokers for scalping here)
- ECN accounts are not offered by Robinhood (Look here for Robinhood alternatives offering ECN accounts)
- Robinhood does not offer MT4 (See Robinhood alternatives offering the MT4 trading platform here)
- MT5 is not offered by Robinhood (find Robinhood alternatives that offer the MT5 trading platform here)
- cTrader is not offered by Robinhood (find Robinhood alternatives offering the cTrader trading platform here)
- Robinhood does not offer Islamic accounts (Check here for Robinhood alternatives offering Islamic accounts)
- Robinhood have withdrawal fees (See Robinhood alternatives who don’t have withdrawal fees here)
Top Robinhood Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | Web Trader, Tablet & Mobile Apps, Apple App iOS, Android Google Play | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows |
| 📋 Instruments Available | 5000 | 2250 | 12000 |
| 📈 Stocks Offered | 5000 | 2100 | 0 |
| 💎 Crypto | Yes | Yes | No |
| 💹 Forex Pairs | 0 | 61 | 35 |
| 📈 Commodities | 14 | 20 | 21 |
| 💰 Min Deposit | 0 | 200 | 10 |
| 👱♂️ Used By | 24,000,000+ users | 200,000+ users | 730,000+ users |
| 📆 Founded | 2013 | 2007 | 2009 |
| 👮♂️ Regulation | Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Financial Conduct Authority (FCA)(828790), Australian Securities and Investments Commission (ASIC)(001282393), Financial Services Agency (FSA) Japan, Canadian Securities Administrators (CSA), Financial Market Authority (FMA) New Zealand | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund |
| 🌍 HQ | USA | Australia | Belize |
| 🚫 Excluded Countries | CU, IR, KP, SY, UA | 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 |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature Robinhood alternative comparison, you can scroll further down here.
