feed linkedin-square facebook-square twitter-square question-circle-o
Robinhood Logo
Our top picks for Robinhood alternatives
Webull
4.3
Visit broker
TD Ameritrade
4.8
Visit broker
Robinhood Alternatives

The best alternatives to Robinhood are

  1. Webull - US discount broker
  2. TD Ameritrade - US-based stockbroker
  3. Firstrade - US discount broker

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

Robinhood alternatives comparison
Robinhood Webull TD Ameritrade Firstrade
Overall score 4.6 4.3 4.8 4.5
Fees score 5.0 5.0 4.0 5.0
Account opening score 5.0 5.0 3.0 4.0
Deposit and withdrawal score 2.0 2.0 2.0 2.0
Web platform score 5.0 5.0 4.0 4.0
Markets and products score 2.0 2.0 4.0 3.0
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
  • Webull is recommended for investors and traders looking for zero-commission trading and focusing on us markets
  • TD Ameritrade is recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
  • Firstrade is recommended for beginners and investors looking for zero-commission trading, focusing on the us market

Important factors of finding Robinhood alternatives

So far Brokerchooser has reviewed 57 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!

Robinhood alternatives
Robinhood

Robinhood is a US zero-fee discount broker established in 2013. The company is regulated by top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

 

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

Pros Cons
Free US stock and ETF trading Limited product range
Great mobile and web trading platforms Weak customer support
Fast and fully digital account opening Few educational materials

Visit broker

Fees
5.0

Trading US stocks and ETFs is free at Robinhood. It's also great that Robinhood doesn't charge an inactivity or withdrawal fee.
Pros Cons
Low trading fees None
Low non-trading fees
Commission-free US stock trading
Robinhood alternatives trading fees
Robinhood Webull TD Ameritrade Firstrade
US stock $0.0 $0.0 $0.0 $0.0
UK stock - - - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Visit broker More

Account opening
5.0

Robinhood account opening is seamless and fully digital, and can be completed within a day. On the negative side, only US and Australian clients can open an account.
Pros Cons
Fast Available only for US and Australian clients
Fully digital
No minimum deposit
Robinhood alternatives minimum deposit and account open times
Robinhood Webull TD Ameritrade Firstrade
Minimum deposit $0 $0 $0 $0
Time to open account 1 day 1 day 1-3 days 1-3 days

Learn more about Robinhood minimum deposit here.

Visit broker More

Deposit and withdrawal
2.0

Deposit and withdrawal at Robinhood is free and easy, but you can only use bank transfer. In addition, large deposits above your 'instant' limit may take several business days.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Depositing larger amounts takes longer
Instant deposit up to $1,000 per week Wire withdrawal is pricey
Robinhood and alternatives withdrawal options and fees
Robinhood Webull TD Ameritrade Firstrade
Bank Transfer Yes Yes Yes Yes
Credit/Debit card No No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $0

Visit broker More

Web trading platform
5.0

Robinhood provides a safe, user-friendly and well-designed web trading platform. On the downside, customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Robinhood - Web trading platform
Robinhood and alternatives trading platform scores
Robinhood Webull TD Ameritrade Firstrade
Web platform score 5.0 5.0 4.0 4.0
Mobile platform score 5.0 5.0 4.0 3.0
Desktop platform score - 5.0 5.0 -

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

Visit broker

Markets and products
2.0

Robinhood's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos. Furthermore, assets are limited mainly to US markets.
Robinhood and alternatives markets and products
Robinhood Webull TD Ameritrade Firstrade
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex No No Yes No
Fund No No Yes Yes
Bond No No Yes Yes
Options Yes No Yes Yes
Futures No No Yes No
CFD No No No No
Crypto Yes No No No

Visit broker More

Verdict

Robinhood fees are great. US stock trading is commission-free, and there is no withdrawal or inactivity fee. Robinhood has awesome, user-friendly mobile and web trading platforms. Account opening is easy, fully digital and fast.

Robinhood has some drawbacks though. Most of the products you can trade are limited to the US market. Customer support is weak; you can only reach them via e-mail and it can take some time to get an answer. It provides educational articles but little else to guide you through the world of trading.

If you want to trade US stocks for free and are looking for an easy-to-use platform, Robinhood is your best choice.

Robinhood
Summary Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Fees score 5.0
Recommended for Beginners and buy-and-hold investors focusing on the US stock market

Visit broker More

Robinhood alternatives
Webull

Webull is a US-based fintech startup offering zero-fee or discount brokerage services. The broker was founded in 2017 and it is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

Webull is considered safe because it is regulated by the top-tier financial authorities and provides a maximum of $500,000 investor protection including a $250,000 limit for cash as part of the SIPC protection scheme.

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

Pros Cons
Free stocks and ETFs Limited product portfolio
Fast and easy account opening No credit/debit cards and electronic wallets for money transfer
Great trading platforms No live chat and telephone support

Visit broker

Fees
5.0

Webull offers commission-free trades for US-based stocks and ETFs. It charges no inactivity fee and withdrawal fee if you use ACH. On the negative side, the financing rates are higher and there are high fees for wire transfers.
Pros Cons
Low trading fees High wire transfer costs
Low non-trading fees
Free stocks and ETFs
Robinhood vs. Webull: Trading fees
Webull Robinhood
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
5.0

Webull account opening is seamless and fully digital. Your account will be opened within a day. However, Webull is available only for clients from the US, China, and India.
Pros Cons
Fast Only available for US, Chinese and Indian clients
Fully digital
No minimum deposit
Robinhood vs. Webull: Minimum deposit, time to open an account
Webull Robinhood
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.

Visit broker More

Deposit and withdrawal
2.0

Webull deposit and withdrawal can be improved. You can use only bank transfer, there is only USD as a base currency, and a high fee is charged for wire transfer. As a plus, there is no fee for ACH deposit or withdrawal and transferring money is easy and user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH deposit and withdrawal High wire transfer fees
Robinhood vs. Webull: Withdrawal options
Webull Robinhood
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Visit broker More

Web trading platform
5.0

Webull offers a great web trading platform. It's suitable for both beginners and advanced traders as it's easy to use, but offers also advanced features, like customizability or a wide variety of order types. On the negative side, a two-step login is missing.
Pros Cons
User-friendly No two-step (safer) login
Good customizability (for charts, workspace)
Good variety of order types
Web trading platform of Webull, a Robinhood alternative
Robinhood vs. Webull: Trading platform scores
Webull Robinhood
Web platform score 5.0 5.0
Mobile platform score 5.0 5.0
Desktop platform score 5.0 -

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

Visit broker

Markets and products
2.0

Webull has a limited product portfolio. It offers only US-based stocks and ETFs. It lacks popular asset classes, like funds, bonds, forex, options, etc.
Robinhood vs. Webull: Markets and products
Webull Robinhood
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options No Yes
Futures No No
CFD No No
Crypto No Yes

Visit broker More

Verdict

Webull's fees are great. You can trade with commission-free US stocks and ETFs. The account opening is easy, fully digital, and fast. The platforms are easy-to-use and well-structured.

Webull has some drawbacks though. The product portfolio is really limited, covering only US stocks and ETFs. You can use only bank transfer for deposit or withdrawal, and wire transfer is charged for both direction. Customer support can be contacted only through email and message center on the trading platforms.

As the account opening is seamless, and Webull offers commission-free stock and ETF trades, feel free to try it.

Webull
Summary Webull is a discount US stockbroker regulated by the top-tier SEC and FINRA.
Fees score 5.0
Recommended for Investors and traders looking for zero-commission trading and focusing on US markets

Visit broker More

Robinhood alternatives
TD Ameritrade

TD Ameritrade was founded in 1978 and it is one of the biggest US-based stockbrokers. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

TD Ameritrade is considered a safe broker since it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is regulated by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only in the US markets
Superb desktop trading platform Slow and not fully digital account opening
Great customer support No credit/debit cards and electronic wallets for money transfer

Visit broker

Fees
4.0

TD Ameritrade provides free stock and ETF trading. The forex, bond, and options fees are low as well. On the other hand, they charge high fees for mutual funds.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs
Robinhood vs. TD Ameritrade: Trading fees
TD Ameritrade Robinhood
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee - -
EURUSD benchmark fee $13.0 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
3.0

As a new client, you can change from many different account types at TD Ameritrade and as US citizen you will face no minimum deposit. Unfortunately, the process is not fully digital.
Pros Cons
No minimum deposit Not fully digital
Many account types
Robinhood vs. TD Ameritrade: Minimum deposit, time to open an account
TD Ameritrade Robinhood
Minimum deposit $0 $0
Time to open account 1-3 days 1 day

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

Visit broker More

Deposit and withdrawal
2.0

TD Ameritrade has user-friendly account funding and charges no deposit fees, but are several drawbacks as well. You can use only bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High withdrawal fee for wire transfers
Robinhood vs. TD Ameritrade: Withdrawal options
TD Ameritrade Robinhood
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Visit broker More

Web trading platform
4.0

TD Ameritrade offers a good web-based trading platform with a clean design. On the flip side, there is no two-step login and the platform is not customizable.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good variety of order types
Web trading platform of TD Ameritrade, a Robinhood alternative
Robinhood vs. TD Ameritrade: Trading platform scores
TD Ameritrade Robinhood
Web platform score 4.0 5.0
Mobile platform score 4.0 5.0
Desktop platform score 5.0 -

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

Visit broker

Markets and products
4.0

At TD Ameritrade you can trade with a lot of asset classes, from stocks to futures and forex. We also liked the additional features like social trading and the robo-advisory service. On the other hand, the offered products cover only the U.S. market.
Robinhood vs. TD Ameritrade: Markets and products
TD Ameritrade Robinhood
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes No
Bond Yes No
Options Yes Yes
Futures Yes No
CFD No No
Crypto No Yes

Visit broker More

Verdict

TD Ameritrade is one of the biggest US online brokers. Reflecting the wave of introducing commission-free trading at the end of 2019, TD Ameritrade now charges no commission of stock and ETF trades.

Research and education are outstanding and covers a lot of tools. The Thinkorswim desktop trading platform is one of the best on the marketThe customer service is great, you will get relevant answers within a short time.

It has some drawbacks though. It charges high financing (margin) rates and it doesn't provide credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers products only from U.S. markets. 

As there are great education tools including a demo account, feel free to try it.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.0
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

Visit broker More

Robinhood alternatives
Firstrade

Firstrade is a US discount stockbroker regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). The company was founded in 1985 under the name of First Flushing Securities.

Firstrade is considered safe because it has a long track record and is regulated by top-tier regulators.

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

Pros Cons
Free stock, ETF, fund, and options trading No credit/debit cards and electronic wallets for money transfer
Solid research tools You can trade only on US markets
Quality educational tools No live chat and 24/7 availability

Visit broker

Fees
5.0

Firstrade has low fees. It offers free stock, ETF, funds, and options trading. The non-trading fees are low too. However, the margin rates are high.
Pros Cons
Low trading fees High margin rates
Low non-trading fees
Free stock, ETF, fund and options trading
Robinhood vs. Firstrade: Trading fees
Firstrade Robinhood
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
4.0

The account opening is fully digital and user-friendly. Firstrade is available for US and some non-US customers. On the flip side during the test we experienced a slower account opening, that took almost 3 business days.
Pros Cons
Fully digital Slow account verification
No minimum deposit
Low minimum deposit
Robinhood vs. Firstrade: Minimum deposit, time to open an account
Firstrade Robinhood
Minimum deposit $0 $0
Time to open account 1-3 days 1 day

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

Visit broker More

Deposit and withdrawal
2.0

We liked a lot Firstrade's user-friendly deposit and withdrawal process. There is no deposit fee and transferring money is easy. At the same time, there is still room for improvement. You can use only bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High outgoing wire transfer fee
Robinhood vs. Firstrade: Withdrawal options
Firstrade Robinhood
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Visit broker More

Web trading platform
4.0

During our testing, we found Firstrade's web platform is simple and easy to use. If you are a beginner, then you can easily navigate it. On the negative side, it lacks a two-step login and the customizability is limited.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Web trading platform of Firstrade, a Robinhood alternative
Robinhood vs. Firstrade: Trading platform scores
Firstrade Robinhood
Web platform score 4.0 5.0
Mobile platform score 3.0 5.0
Desktop platform score - -

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

Visit broker

Markets and products
3.0

Firstrade offers a good variety of asset classes, from stocks to options. However, the offered products cover only the US market and you cannot trade with futures or forex.
Robinhood vs. Firstrade: Markets and products
Firstrade Robinhood
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes No
Bond Yes No
Options Yes Yes
Futures No No
CFD No No
Crypto No Yes

Visit broker More

Verdict

Firstrade is one of the biggest discount US stockbrokers regulated by top-tier regulators.

It offers free stock, ETF, mutual funds, and options trading. It doesn't charge inactivity and account fees and there are a lot of quality research and educational tools you can use.

To provide an unbiased picture we have to mention some drawbacks though. Firstrade doesn't provide credit/debit cards and electronic wallets for transferring money. Are you interested only in U.S. market products? If yes, then you will be delighted. Otherwise, you might find insufficient that the product portfolio covers only the US market. The customer service is only 24/5 and you can't contact them via live chat. 

As there are low fees and no inactivity fee is charged, feel free to try Firstrade.

Firstrade
Summary Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.
Fees score 5.0
Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

Visit broker More

Robinhood alternatives
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 Info Recommended for
Robinhood US zero-fee discount broker Beginners and buy-and-hold investors focusing on the US stock market
Webull US discount broker Investors and traders looking for zero-commission trading and focusing on US markets
TD Ameritrade US-based stockbroker Investors and traders looking for solid research and a well-equipped desktop trading platform
Firstrade US discount broker Beginners and investors looking for zero-commission trading, focusing on the US market

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

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

Share

Comments

×