Online brokers compared for fees, trading platforms, safety and more. See how Robinhood stacks up against Royal!
Last update of data—Dec 2022
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Royal is an Australian forex broker. It is regulated by many regulators globally, including the top-tier Australian ASIC.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
Recommended for traders looking for low forex fees and preferring the MetaTrader platform.
Robinhood
Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Recommended for beginners and buy-and-hold investors focusing on the US stock market.
Royal
Royal is an Australian forex broker. It is regulated by many regulators globally, including the top-tier Australian ASIC.
Recommended for traders looking for low forex fees and preferring the MetaTrader platform.
Robinhood's service is slightly better than Royal's and a comparison of their fees shows that Robinhood's fees are lower than Royal's.
Account opening takes about the same effort at Robinhood compared to Royal, deposit and withdrawal processes are considerably more complicated at Robinhood, while customer service quality is considerably lower than Royal's.
Our experts rated the trading platform of Robinhood as better than the platform of Royal, found that clients have access to slightly more markets and products with Robinhood, while Royal provides better research and education.
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.
Brokers displayed might not be available in United States.