Best Robinhood Alternatives for 2021

What Robinhood Does Not Offer and Alternatives For Each

There are many reasons Robinhood may not be a good fit for your trading needs. For whatever reason you are looking for a better Robinhood alternative or Robinhood competitor with similar services. We try to give you as much useful information so you can find what it is you need. We show the best Robinhood alternatives below.

For each of these Robinhood alternatives, we also highlight the key differences and resemblances with Robinhood. For every Robinhood alternative trading platform we list we also have detailed trading platform reviews and guides elsewhere on this website, all based on real experiences trading on live Robinhood and other brokerage accounts. If you are not happy with Robinhood, let us show you some great alternative brokerages.

Having a reputable and dependable broker is crucial to your trading success. All of the alternative brokers we list below have good reputations and match what you are looking for.

We have listed some reasons why Robinhood may not be the best broker for you. But dont worry we have compiled a list of the best alternatives further below.

robinhood alternatives
Robinhood Summary

• Robinhood is used by over 10,000,000 users (Look here for Robinhood alternatives that are used by more traders)
• Robinhood has a minimum deposit of $0 (Look here for Robinhood alternatives that require less minimum deposit)
• Robinhood has a minimum trade requirement of varies (Look here for Robinhood alternatives that require a lower minimum trade)
• Robinhood has a maximum deposit of Varies (Look here for Robinhood alternatives that has a similar or greater maximum trade limit)
• Robinhood has 1 awards (Look here for Robinhood alternatives with more awards)

robinhood alternatives
Robinhood Tradable Financial Assets

• Robinhood offers traders over 5,000 tradable instruments (Look here for Robinhood alternatives offering a similar amount or more tradable instruments)
• Robinhood offers over 5,000 shares (Look here for Robinhood alternatives offering more tradable shares)
• Robinhood offers US Shares (Look here for Robinhood alternatives offering US Stocks and Shares)
• Robinhood offers UK Shares (Look here for Robinhood alternatives offering UK Stocks and shares)
• Robinhood offers German Shares (Look here for Robinhood alternatives offering German Stocks and shares)
• Robinhood offers Japanese Shares (Look here for Robinhood alternatives offering Japanese Stocks and shares)
• Robinhood offer Indices trading (Look here for Robinhood alternatives offering Indices trading)
• Robinhood offers 14 commodities (Look here for Robinhood alternatives offering more tradable commodities)
• Robinhood does not offer trading in metals (Look here for Robinhood alternatives offering metal commodities)
• Robinhood does not offer trading in energy commodities (Look here for Robinhood alternatives offering energy commodities)
• Robinhood does not offer trading in agricultural commodities (Look here for Robinhood alternatives offering agricultural commodities)
• Robinhood does not offer trading on the Forex markets (Look here for Robinhood alternatives offering Forex trading)
• Robinhood offers 0 Forex Pairs (Look here for Robinhood alternatives offering a similar amount or more Forex Pairs)
• Robinhood does not offer trading with Major Forex Pairs (Look here for Robinhood alternatives offering Major Forex Pairs trading)
• Robinhood does not offer trading with Minor Forex Pairs (Look here for Robinhood alternatives offering Minor Forex Pairs trading)
• Robinhood does not offer trading with Exotic Forex Pairs (Look here for Robinhood alternatives offering Exotic Forex Pairs trading)
• Robinhood offers trading in Cryptocurrencies (Look here for Robinhood alternatives offering cryptocurrency trading)
• Robinhood does not offer CFD trading (Look here for Robinhood alternatives offering CFD trading)
• Robinhood does not offer Social Trading (Look here for Robinhood alternatives offering Social Trading accounts)

robinhood alternatives
Robinhood Trading Account Features

• ECN accounts are not offered by Robinhood (Look here for Robinhood alternatives offering ECN accounts)
• STP accounts are offered by Robinhood (Look here for Robinhood alternatives offering STP 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 Micro accounts (Check here for Robinhood alternatives offering micro accounts)
• Robinhood does not offer VIP accounts (Check here for Robinhood alternatives offering VIP accounts)
• Robinhood does not offer Islamic accounts (Check here for Robinhood alternatives offering Islamic accounts)
• Robinhood does offer Demo accounts (Check here for Robinhood alternatives offering Demo accounts)
• Robinhood does not offer Spread Betting accounts (Search for Spread Betting brokers here)
• Robinhood does not allow Scalping (See brokers for scalping here)

robinhood alternatives
Robinhood Risk Management Features

• Robinhood does allow hedging (See brokers for Hedging here)
• Robinhood does offer negative balance protection (See Robinhood alternatives who offer negative balance protection here)
• Robinhood does not offer Guaranteed Stop Loss (See Robinhood alternatives who offer Guaranteed Stop Loss here)
• Robinhood does offer limit orders (See Robinhood alternatives who offer limit orders here)
• Robinhood does not offer trailing stops (See Robinhood alternatives who offer trailing stops here)
• Robinhood does offer price alerts (See Robinhood alternatives who offer price alerts here)

robinhood alternatives
Robinhood Fees

• Robinhood does not have inactivity fees (See Robinhood alternatives who don’t have inactivity fees here)
• Robinhood does not have withdrawal fees (See Robinhood alternatives who don’t have withdrawal fees here)
• Robinhood does not have deposit fees (See Robinhood alternatives who don’t have deposit fees here)

robinhood alternatives
Robinhood Regulation

• Robinhood are regulated by the FCA (Financial Conduct Authority) (Look here for Robinhood alternatives offering FCA regulated brokers)
• Robinhood are not regulated by CySEC (Cyprus Securities and Exchange Commission) (Look here for Robinhood alternatives offering CySEC regulated brokers)
• Robinhood are not regulated by the MiFID (Markets In Financial Instruments Directive) (Look here for Robinhood alternatives offering MiFID regulated brokers)
• Robinhood are not regulated by the ASIC (Australian Securities and Investments Commission) (Look here for Robinhood alternatives offering ASIC regulated brokers)
• Robinhood are not regulated by the FSCA (Financial Sector Conduct Authority) (Look here for Robinhood alternatives offering FSCA regulated brokers)
• Robinhood are not regulated by the DFSA (Dubai Financial Services Authority) (Look here for Robinhood alternatives offering DFSA regulated brokers)
• Robinhood are not regulated by the MAS (Monetary Authority of Singapore) (Look here for Robinhood alternatives offering MAS regulated brokers)
• Robinhood are not regulated by the FSA (Financial Services Authority) (Look here for Robinhood alternatives offering FSA regulated brokers)

robinhood alternatives
Robinhood Desktop Computer and Mobile Device Support

• Robinhood Offers an online trading platform available to all desktop and mobile devices with an internet connection. (See Robinhood alternatives that offer an online trading platform here)
• Robinhood does not offer a bespoke application for Microsoft Windows Desktop computers (See Robinhood alternatives that support desktop Windows users here)
• Robinhood does not offer a bespoke application for Apple Mac Desktop computers (See Robinhood alternatives that support desktop Apple Mac users here)
• Robinhood does not offer a bespoke application for mobile devices (See Robinhood alternatives that support mobile device users here)
• Robinhood does offer a bespoke application for IOS Devices (See Robinhood alternatives for IOS users here)
• Robinhood does offer a bespoke application for Android Devices (See Robinhood alternatives for Android users here)
• Robinhood does offer live chat support (See Robinhood alternatives that offer live chat support here)

Below is an extensive list of the best alternatives to Robinhood based on our unique 256 point criteria.

Top alternative for Robinhood is eToro

Top Pick 1 4/5 rating

eToro is the best alternative broker to Robinhood. eToro has been in operation for over 14 years.

eToro, as a brokerage is regulated. This means eToro are supervised by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

If Robinhood or eToro are not what you are looking for try XTB.

With Robinhood, Your capital is at risk

With eToro, 77% 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.

With XTB, Losses can exceed deposits

Top Pick 2 4/5 rating

XTB, as a brokerage is regulated. This means XTB are supervised by and checked for conduct by the Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)

Here are some of the key reasons why traders choose eToro and XTB over Robinhood

	eToro	XTB	IC Markets
Brokerage Rating	★★★★☆ (4/5)	★★★★☆ (4/5)	★★★★☆ (4/5)
Regulator	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit	200	0	200
Min Trade	$25	0.01 Lot	0.01 Lot
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Risk Warning	67% of retail investor accounts lose money when trading CFDs with this provider.	77% 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.	Losses can exceed deposits
	Visit eToro	Visit XTB	Visit IC Markets

If you want to read more about eToro, we have put together an in-depth eToro review that explores their platform, spreads, and trading conditions in more detail.

If eToro does not match your criteria, have a look at the 10 best Robinhood alternatives below.