What Robinhood Does Not Offer and Alternatives For Each
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 eToro or IC Markets.
When searching for a Robinhood alternative there are a few things you need to check. The Robinhood trading platform alternative that you decide upon needs to offer features and have trading fees that match your investment strategies and trading requirements. We offer a detailed list and examination of all 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 does not offer something 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 dont worry we have compiled a list of the best alternatives further 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)
Top Robinhood Alternative is eToro
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| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
| 📋 Instruments Available | 5000 | 2000 | 232 |
| 📈 Stocks Offerd | 5000 | 2042 | 110 |
| 💎 Cryptocurrency | Yes | Yes | Yes |
| 💹 Forex Pairs | 0 | 50 | 65 |
| 📈 Commodities | 14 | 31 | 19 |
| 💰 Min Deposit | 0 | 10 | 200 |
| 👱♂️ Used By | 10,000,000 users | 27,000,000 users | 180,000 users |
| 📆 Founded | 2013 | 2007 | 2007 |
| 👮♂️ Regulation | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| 🌍 HQ | USA | Cyprus, UK | Australia |
| 🚫 Excluded Countries | CU, IR, KP, SY, UA | 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA |
| Risk Warning | Your capital is at risk | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits |
If you want to see a more indepth feature by feature Robinhood alternative comparison, you can scroll further down here.
Robinhood Alternatives List
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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
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 IC Markets.
With Robinhood, Your capital is at risk
With eToro, Losses can exceed deposits
With IC Markets, Losses can exceed deposits
IC Markets, as a brokerage is regulated. This means IC Markets are supervised by and checked for conduct by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Here are some of the key reasons why traders choose eToro and IC Markets over Robinhood
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eToro
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IC Markets
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Roboforex
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| Brokerage Rating | |||
| Regulator | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Min Deposit | 10 | 200 | 1 |
| Min Trade | $25 | 0.01 Lot | 0.01 Lot |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
| Risk Warning | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits |
| Visit eToro | Visit IC Markets | Visit Roboforex |
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.
