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Robinhood Alternatives

Written by
Adam N.
Fact checked by
Updated
1mo ago
Our top alternative brokers to Robinhood

The best alternatives to Robinhood are

  1. SoFi Invest - US discount broker
  2. Webull - US discount broker
  3. moomoo - US zero-fee discount broker
  4. Alpaca Trading - US API broker

Let's see in a bit more detail how the Robinhood alternatives compare to Robinhood and each other:

Robinhood alternatives comparison
Overall score
4.3 stars 4.4 stars 4.6 stars 4.6 stars 4.4 stars
Fees score
4.5 stars 4.5 stars 4.6 stars 4.8 stars 4.6 stars
Account opening score
5.0 stars 4.4 stars 5.0 stars 4.4 stars 5.0 stars
Deposit and withdrawal score
1.2 stars 1.6 stars 1.3 stars 1.2 stars 1.2 stars
Web platform score
4.5 stars 3.5 stars 5.0 stars - 3.7 stars
Markets and products score
2.8 stars 2.0 stars 2.8 stars 2.4 stars 2.4 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to Robinhood? There are many areas based on which Robinhood can be compared with others. When we say a given online broker is a good alternative to Robinhood we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Robinhood alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Robinhood is recommended for beginners and buy-and-hold investors focusing on the us stock market
  • SoFi Invest is recommended for beginners and investors looking for zero-commission trading, focusing on the us market
  • Webull is recommended for investors and traders looking for zero-commission trading and easy platforms
  • moomoo is recommended for investors and traders looking for zero-commission trading and focusing on us markets
  • Alpaca Trading is recommended for traders interested in algorithmic stock trading

Important factors of finding Robinhood alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Robinhood or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Robinhood is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Robinhood alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Robinhood this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Robinhood, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Robinhood alternative is a must.


Now let's dive into the details of how Robinhood and its alternatives perform in the most important areas!

SoFi Invest

Recommended for beginners and investors looking for zero-commission trading, focusing on the US market

Visit broker

SoFi Invest vs. Robinhood: Trading fees
US stock
$0.0
$0.0
SoFi Invest vs. Robinhood: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1 day

If you are interested more in SoFi Invest minimum deposit, this overview will help you.

SoFi Invest vs. Robinhood: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of SoFi Invest, a Robinhood alternative
SoFi Invest vs. Robinhood: Trading platform scores
Web platform score
3.5 stars 4.5 stars
Mobile platform score
4.7 stars 5.0 stars
Desktop platform score
- -

Learn more about SoFi Invest's web trading platform in the detailed SoFi Invest review.

Visit broker

SoFi Invest vs. Robinhood: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
No No
Bonds
No No
Options
No Yes
Futures
No No
CFDs
No No
Crypto
No Yes

Webull

Recommended for investors and traders looking for zero-commission trading and easy platforms

Visit broker

Webull vs. Robinhood: Trading fees
US stock
$0.0
$0.0
Webull vs. Robinhood: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1 day 1 day

If you are interested more in Webull minimum deposit, this overview will help you.

Webull vs. Robinhood: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of Webull, a Robinhood alternative
Webull vs. Robinhood: Trading platform scores
Web platform score
5.0 stars 4.5 stars
Mobile platform score
5.0 stars 5.0 stars
Desktop platform score
5.0 stars -

Learn more about Webull's web trading platform in the detailed Webull review.

Visit broker

Webull vs. Robinhood: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
No No
Bonds
No No
Options
Yes Yes
Futures
No No
CFDs
No No
Crypto
Yes Yes

moomoo

Recommended for investors and traders looking for zero-commission trading and focusing on US markets

Visit broker

moomoo vs. Robinhood: Trading fees
US stock
$0.0
$0.0
moomoo vs. Robinhood: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1 day

If you are interested more in moomoo minimum deposit, this overview will help you.

moomoo vs. Robinhood: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$0
moomoo vs. Robinhood: Trading platform scores
Web platform score
- 4.5 stars
Mobile platform score
4.5 stars 5.0 stars
Desktop platform score
4.5 stars -

Learn more about moomoo's web trading platform in the detailed moomoo review.

Visit broker

moomoo vs. Robinhood: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
Yes No
Bonds
No No
Options
Yes Yes
Futures
Yes No
CFDs
No No
Crypto
No Yes

Alpaca Trading

Recommended for traders interested in algorithmic stock trading

Visit broker

Alpaca Trading vs. Robinhood: Trading fees
US stock
$0.0
$0.0
Alpaca Trading vs. Robinhood: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1 day 1 day

If you are interested more in Alpaca Trading minimum deposit, this overview will help you.

Alpaca Trading vs. Robinhood: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No No
Withdrawal fee
$0
$0
Web trading platform of Alpaca Trading, a Robinhood alternative
Alpaca Trading vs. Robinhood: Trading platform scores
Web platform score
3.7 stars 4.5 stars
Mobile platform score
4.2 stars 5.0 stars
Desktop platform score
- -

Learn more about Alpaca Trading's web trading platform in the detailed Alpaca Trading review.

Visit broker

Alpaca Trading vs. Robinhood: Markets and products
Stocks
Yes
Yes
ETFs
Yes
Yes
Forex
No No
Funds
No No
Bonds
No No
Options
No Yes
Futures
No No
CFDs
No No
Crypto
Yes Yes

Robinhood

Recommended for beginners and buy-and-hold investors focusing on the US stock market

Robinhood alternatives trading fees
US stock
$0.0
$0.0
$0.0
$0.0
$0.0
Robinhood alternatives minimum deposit and account open times
Minimum deposit
$0
$0
$0
$0
$0
Time to open account
1 day 1-3 days 1 day 1-3 days 1 day

Learn more about Robinhood minimum deposit here.

Robinhood and alternatives withdrawal options and fees
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
No No No No No
Electronic wallets
No No No No No
Withdrawal fee
$0
$0
$0
$0
$0
Robinhood - Web trading platform
Robinhood and alternatives trading platform scores
Web platform score
4.5 stars 3.5 stars 5.0 stars - 3.7 stars
Mobile platform score
5.0 stars 4.7 stars 5.0 stars 4.5 stars 4.2 stars
Desktop platform score
- - 5.0 stars 4.5 stars -

Learn more about Robinhood's web trading platform in the detailed Robinhood review.

Robinhood and alternatives markets and products
Stocks
Yes
Yes Yes Yes Yes
ETFs
Yes
Yes Yes Yes Yes
Forex
No No No No No
Funds
No No No Yes No
Bonds
No No No No No
Options
Yes
No Yes Yes No
Futures
No No No Yes No
CFDs
No No No No No
Crypto
Yes
No Yes No Yes

Bottom line

Based on our analysis, there are several good alternatives to Robinhood. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Robinhood alternatives
Broker intro
Recommended for
US zero-fee discount broker Beginners and buy-and-hold investors focusing on the US stock market
US discount broker Beginners and investors looking for zero-commission trading, focusing on the US market
US discount broker Investors and traders looking for zero-commission trading and easy platforms
US zero-fee discount broker Investors and traders looking for zero-commission trading and focusing on US markets
US API broker Traders interested in algorithmic stock trading

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Our top alternative brokers to Robinhood

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