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Our top alternative brokers to Robinhood
SoFi Invest
4.4
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Webull
4.4
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Our top alternative brokers to Robinhood
SoFi Invest
4.4
Visit broker
Webull
4.4
Visit broker
Robinhood Alternatives

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
Robinhood SoFi Invest Webull moomoo Alpaca Trading
Overall score 4.5 4.4 4.4 4.5 4.5
Fees score 5.0 stars 5.0 stars 4.7 stars 4.7 stars 4.9 stars
Account opening score 5.0 stars 4.4 stars 5.0 stars 4.4 stars 4.8 stars
Deposit and withdrawal score 2.3 stars 2.2 stars 1.9 stars 1.9 stars 1.8 stars
Web platform score 4.5 stars 3.2 stars 4.5 stars - 3.7 stars
Markets and products score 1.1 stars 1.9 stars 1.9 stars 2.1 stars 2.0 stars
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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 focusing on us markets
  • 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 91 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
SoFi Invest

SoFi, short for "Social Finance", is a US-based fintech startup founded in 2011. It first specialized in student loan refinancing, but has expanded into the broker space since 2018. SoFi is regulated by the US Securities and Exchange Commission (SEC) and FINRA. SoFi Invest is SoFi's brand for zero-fee or discount brokerage services.

SoFi Invest offers active and automated investing services. The former means a self-directed account where you can trade stocks, ETFs, and cryptocurrencies on your own. By contrast, SoFi Invest automated investing is a robo-advisory service where SoFi Invest handles your investments. In this review, we tested SoFi Invest active investing. Click here for the SoFi robo-advisory review.

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

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

Pros Cons
Free stocks and ETFs Available only for US clients
Fast and fully digital account opening Limited product portfolio
Great customer support Basic research tools

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Fees
5.0

SoFi Invest has low trading and non-trading fees. It offers commission-free trades for US stocks and ETFs, and no fee is charged for inactivity or withdrawals.
Pros Cons
Free stocks and ETFs None
No withdrawal fee
No inactivity fee
Robinhood vs. SoFi Invest: Trading fees
SoFi Invest Robinhood
Apple benchmark fee $0.3 $0.3
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

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Account opening
4.4

Account opening at SoFi Invest is seamless and fully digital; our account was opened within a day. On the flip side, only US clients can open an account.
Pros Cons
Fast Only US clients
Fully digital
No minimum deposit
Robinhood vs. SoFi Invest: Minimum deposit, time to open an account
SoFi Invest Robinhood
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.

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Deposit and withdrawal
2.2

SoFi Invest offers user-friendly and mostly free deposit and withdrawal options. However, you can use only bank transfers, while wire transfer withdrawals incur a high fee.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee High fee for wire withdrawals
User-friendly
Robinhood vs. SoFi Invest: Withdrawal options
SoFi Invest Robinhood
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.2

SoFi Invest offers a user-friendly web trading platform with a neat design. However, it lacks customizability, unique price alerts, and many common order types.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Two-step (safer) login Limited order types
Modern design No unique price alerts
Web trading platform of SoFi Invest, a Robinhood alternative
Robinhood vs. SoFi Invest: Trading platform scores
SoFi Invest Robinhood
Web platform score 3.2 stars 4.5 stars
Mobile platform score 4.5 stars 5.0 stars
Desktop platform score - -

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

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Markets and products
1.9

SoFi Invest has a limited product portfolio comprising US stocks and ETFs as well as a few cryptocurrencies. You can't trade funds, bonds, forex, options or futures.
Robinhood vs. SoFi Invest: Markets and products
SoFi Invest 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 Yes Yes

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Verdict

SoFi Invest's fees are great. You can trade stocks and ETFs listed on major US markets for free. Account opening is easy, fully digital and fast. Customer service responds quickly and gives relevant answers.

SoFi Invest has some drawbacks though. It is available only for US clients. Its product portfolio is fairly limited, covering only US stocks, ETFs, and a few cryptocurrencies. Lastly, research tools are very basic.

As the account opening process is seamless and SoFi Invest offers commission-free stock and ETF trades, you should feel free to try it.

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

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Robinhood alternatives
Webull

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

Webull is considered safe because it is regulated by top-tier financial authorities and provides a maximum of $500,000 investor protection, including a $250,000 limit for cash under the Securities Investor Protection Corporation's (SIPC) protection scheme.

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

Pros Cons
Free stocks, ETFs and options Limited product portfolio
Fast and easy account opening Only bank transfer for deposit/withdrawal
Great trading platforms No live chat and poor phone support

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Fees
4.7

Webull offers commission-free trading for US-listed stocks, ETFs and options, overall one of the lowest fees among brokerages. There is no withdrawal fee for ACH transfers and no inactivity fee. However, wire transfer fees are quite high.
Pros Cons
No commission (for stocks, ETFs, options) High wire transfer costs
ACH transfers are free for funding & payout
Robinhood vs. Webull: Trading fees
Webull Robinhood
Apple benchmark fee $0.3 $0.3
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

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Account opening
5.0

Webull's account opening process is seamless and fully digital, and verification takes less than a day. However, Webull is available only for clients from limited countries, such as the US.
Pros Cons
Fast Mostly for just US residents
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.

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Deposit and withdrawal
1.9

At Webull, you can use only bank transfer to add or withdraw funds, and wire transfer fees are high. As a plus, transferring money is easy and user-friendly and ACH transfers are free.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH deposit and withdrawal High fees for wire transfer
Robinhood vs. Webull: Withdrawal options
Webull Robinhood
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

Webull offers an easy-to-use web trading platform suitable for both beginners and experts, with many advanced features. On the negative side, there is no two-step, safer login.
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 4.5 stars 4.5 stars
Mobile platform score 5.0 stars 5.0 stars
Desktop platform score 4.5 stars -

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

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Markets and products
1.9

Webull has a limited product portfolio that includes only US-based stocks, ETFs and options. Popular asset types such as funds, bonds or forex are not available.
Robinhood vs. Webull: Markets and products
Webull Robinhood
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options Yes Yes
Futures No No
CFD No No
Crypto Yes Yes

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Verdict

Webull's fees are great. You can trade US stocks, ETFs and options commission-free. 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 quite limited, covering only US stocks, ETFs and options. You can use only bank transfer for deposit or withdrawal, and wire transfers are charged for both directions. Phone and email customer support are hard to contact.

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 4.7 stars
Recommended for Investors and traders looking for zero-commission trading and focusing on US markets

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Robinhood alternatives
moomoo

Moomoo is a trading-platform founded in 2018. It is a subsidiary of Futu Holdings Ltd. Securities product on moomoo is provided by Futu Inc, which is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In Singapore, it is regulated by Monetary Authority of Singapore (MAS).

Trading on moomoo is safe because its securities product is regulated by top-tier financial authorities and a maximum of $500,000 investor protection is offered, including a $250,000 limit for cash, under the Securities Investor Protection Corporation's (SIPC) protection scheme.

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

Pros Cons
Free stocks, ETFs and options Limited product portfolio
Fast and easy account opening Only bank transfer for deposit/withdrawal
Quality analytical tools No live chat or telephone support

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Fees
4.7

Moomoo offers commission-free trading of US stocks, ETFs and options. On the other hand, it has high margin rates.
Pros Cons
Commission-free stocks, ETFs, and options High margin rates
No inactivity fee
Robinhood vs. moomoo: Trading fees
moomoo Robinhood
Apple benchmark fee $0.3 $0.3
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

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Account opening
4.4

Moomoo's account opening process is seamless, fully digital and fast, with no minimum deposit. However, it is currently available only for clients from the US and Singapore.
Pros Cons
Fully digital Available only in the US and Singapore
No minimum deposit
Fast
Robinhood vs. moomoo: Minimum deposit, time to open an account
moomoo Robinhood
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.

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Deposit and withdrawal
1.9

At moomoo, there is no deposit fee, and the whole process is user-friendly. However, you can use only bank transfer to add or withdraw funds, and wire withdrawal fees are high.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
High wire withdrawal fee
Robinhood vs. moomoo: Withdrawal options
moomoo Robinhood
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform

Moomoo does not have a web trading platform.
Robinhood vs. moomoo: Trading platform scores
moomoo Robinhood
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.

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Markets and products
2.1

Moomoo has a limited product portfolio that includes only stocks, ETFs and options, mostly from the US. Other popular asset types such as funds, bonds or forex are not available.
Robinhood vs. moomoo: Markets and products
moomoo Robinhood
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options Yes Yes
Futures No No
CFD No No
Crypto No Yes

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Verdict

Moomoo's fees are great, as you can trade US stocks, ETFs and options with zero commission. The account opening is easy, fully digital and fast. Moomoo offers quality analytical tools on its user-friendly mobile and desktop platforms.

Moomoo has some drawbacks, though. The product portfolio is limited, covering only stocks from the US, Hong Kong and China market, as well as ETFs and options. Among other limitations, you can use only bank transfer for deposits or withdrawals, and customer support is available only via email.

As the account opening process is seamless and moomoo offers commission-free stock and ETF trading, you should feel free to try it.

 

moomoo
Summary MooMoo is a US-based zero-commission broker. It is overseen by FINRA and SIPC, which are top-tier regulators.
Fees score 4.7 stars
Recommended for Investors and traders looking for zero-commission trading and focusing on US markets.

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Robinhood alternatives
Alpaca Trading

Alpaca Trading is a commission-free API stockbroker founded in 2015. Alpaca is based in San Mateo, CA, and is only available to US residents. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), both top-tier regulators that bolster Alpaca Trading's safety for investors and traders.

Alpaca provides access to US stock markets, historical data, and fundamental data through their API. Alpaca's founders believe their software allows retail traders to capitalize on the machine learning and automation that historically only institutional investors have been able to use. Coders have the opportunity to build their own algorithms and contribute to the Alpaca developer community. Alpaca founders have expressed interest in eventually opening up pre-made algorithms to non-coders, but for now, their platform also includes capabilities for manual order-entry and research.

 

Recommended for traders interested in algorithmic stock trading

Pros Cons
Great API trading service Customer support limited to email
Free stock & ETF trading Limited deposit and withdrawal options
Fantastic charting tools Only US stocks and ETFs available

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Fees
4.9

Alpaca Trading offers zero-commission stock and ETF trading and low margin rates. Non-trading fees are also competitive as no fee is charged for inactivity or most withdrawals.
Pros Cons
Commission-free Stock and ETF Trading None
No inactivity fee
No withdrawal fee
Robinhood vs. Alpaca Trading: Trading fees
Alpaca Trading Robinhood
Apple benchmark fee $0.3 $0.3
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

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Account opening
4.8

Opening an account with Alpaca is quick, and requires no minimum deposit. Integrating your account with third-party softwares can be tricky, but Alpaca offers great guidance.
Pros Cons
Fast Bit complex process for integrating third-party tools
Fully digital
No minimum deposit
Robinhood vs. Alpaca Trading: Minimum deposit, time to open an account
Alpaca Trading Robinhood
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.

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Deposit and withdrawal
1.8

Bank transfer deposit/withdrawal is easy and free, but like other US brokers, Alpaca doesn't support multiple currencies or credit/debit card funding, and wire withdrawal is costly.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly High withdrawal fee for wire transfers
Robinhood vs. Alpaca Trading: Withdrawal options
Alpaca Trading Robinhood
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.7

Alpaca's web trading platform feels safe, user-friendly, and visually pleasing. However, it does not allow customization, there are no price alerts, and the search function is limited.
Pros Cons
User-friendly Poor search function
Two-step (safer) login Limited customizability (for charts, workspace)
Modern design No price alerts
Web trading platform of Alpaca Trading, a Robinhood alternative
Robinhood vs. Alpaca Trading: Trading platform scores
Alpaca Trading Robinhood
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.

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Markets and products
2.0

Alpaca Trading currently only provides access to US stocks and ETFs. Other asset classes, like options or bonds, as well as international market coverage, are not available.
Robinhood vs. Alpaca Trading: Markets and products
Alpaca Trading 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

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Verdict

Alpaca Trading is a great broker for traders looking to build their own algorithms and focusing on the US market.

Its API tools are outstanding, and fees are low: zero stock/ETF commission, and no inactivity or deposit fees. In addition, Alpaca provides free access to software such as Polygon, Alpha Vantage and TradingView, all of which have great research capabilities.

On the negative side, Alpaca has limited customer support, meaning that users must often turn to GitHub and other community forums for suggestions or peer help to debug code. Among other shortcomings, you can use only bank transfer to deposit or withdraw, while Alpaca only provides access to US stocks and ETFs.

Overall, Alpaca is an up-and-coming broker that is unique in its current space and provides a great product for traders from all experience levels who are interested in algo trading. If you are looking for a strong and savvy API stockbroker, try Alpaca and see what the hype is about.

Alpaca Trading
Summary Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:
Fees score 4.9 stars
Recommended for Traders interested in algorithmic stock trading

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Robinhood alternatives
Robinhood

Robinhood is a US-based, 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).

Besides the brokerage service, Robinhood also introduced Cash Management to help clients earn interest on uninvested funds. Click here for more details on this great and unique service.

BrokerChooser is committed to bringing high transparency and clarity to its customers, including brokers and partners. BrokerChooser's Advertiser Disclosure.

Robinhood published recently its S1 disclosure. If you're interested in analyzing Robinhood's business numbers and how they stack against up other brokers, check this report.

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

Fees
5.0

Trading US stocks and ETFs is free at Robinhood. The broker doesn't charge an inactivity or withdrawal fee.
Pros Cons
Commission-free US stock and ETF trading None
No fee for deposit or withdrawal
Transparent fee structure
Robinhood alternatives trading fees
Robinhood SoFi Invest Webull moomoo Alpaca Trading
US stock $0.0 $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

Account opening
5.0

The account opening at Robinhood is seamless, fully digital and can be completed within a day. On the negative side, the broker only accepts US clients and IRA accounts are not available.
Pros Cons
Fast Available only for US clients
Fully digital No IRA accounts offered
No minimum deposit
Robinhood alternatives minimum deposit and account open times
Robinhood SoFi Invest Webull moomoo Alpaca Trading
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.

Deposit and withdrawal
2.3

Deposit and withdrawal at Robinhood are free and easy and a great cash management service is available. On the other hand, you can use only bank transfer and 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 on Robinhood Gold takes longer
Cash management service Wire withdrawal is pricey
Robinhood and alternatives withdrawal options and fees
Robinhood SoFi Invest Webull moomoo Alpaca Trading
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

Web trading platform
4.5

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 SoFi Invest Webull moomoo Alpaca Trading
Web platform score 4.5 stars 3.2 stars 4.5 stars - 3.7 stars
Mobile platform score 5.0 stars 4.5 stars 5.0 stars 4.5 stars 4.2 stars
Desktop platform score - - 4.5 stars 4.5 stars -

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

Markets and products
1.1

Robinhood's product portfolio is limited, as it offers only stocks, ETFs, options and cryptos. Furthermore, assets are limited mainly to US markets. During January 2021, Robinhood restricted trading in as many as 50 individual stocks.
Robinhood and alternatives markets and products
Robinhood SoFi Invest Webull moomoo Alpaca Trading
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex No No No No No
Fund No No No No No
Bond No No No No No
Options Yes No Yes Yes No
Futures No No No No No
CFD No No No No No
Crypto Yes Yes Yes No No

Verdict

The biggest argument in favor of Robinhood is its appealing fee structure. US stock trading is commission-free and there is no withdrawal or inactivity fee. Robinhood clients can trade on awesome and user-friendly mobile and web trading platforms. The account opening is easy, fast and fully digital.

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. The broker provides educational articles but little else to guide you in 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 stars
Recommended for Beginners and buy-and-hold investors focusing on the US stock market

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
SoFi Invest US discount broker Beginners and investors looking for zero-commission trading, focusing on the US market
Webull US discount broker Investors and traders looking for zero-commission trading and focusing on US markets
moomoo US zero-fee discount broker Investors and traders looking for zero-commission trading and focusing on US markets.
Alpaca Trading 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.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

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

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