One of the easiest ways to make and track investments for the everyday man is through a reliable mobile platform like Robinhood. Apps like these make it easier to start investing money as a beginner.
Although Robinhood is a leading platform, it’s not right for everyone and isn’t available in all regions. So, we’ve lined up some amazing alternatives to Robinhood, so you can decide which one works best for you.
Top 15 Best Robinhood Alternatives
- Webull – Best Alternative for Intermediate Traders
- SoFi Active Investing – Best Alternative for Youngsters
- MooMoo – Best Alternative for Investors Online
- Public – Best Alternative for Learning
- Tradier – Best Alternative for Variety
- TradeStation – Best Alternative for Active Traders
- TD Ameritrade – Best Alternative for Beginners
- M1 Finance – Best Alternative for Busy Traders
- Interactive Brokers – Best Alternative for Experienced Traders
- eToro – Best Alternative for Crypto-Traders
- Coinbase – Best Alternative for Altcoin-Focused Traders
- Firstrade – Best Alternative for Mutual Fund Traders
- Unifimoney – Best Alternative for High Earners
- Stash – Best Alternative for Personal Investments
- Acorns – Best Alternative for College Students
1. Webull – Best Alternative for Intermediate Traders
Pricing: Free
Webull is a Robinhood alternative that places zero commission on trades and focuses on its services on proficient and intermediate self-directed traders and investors. It allows traders to save loads of money on commissions, and comes with interactive features and a user-friendly design, although not convenient for newbies. You can also take trading courses and use a realistic demo account beforehand, to help you make profitable trades.
| Pros | Cons |
| Ideal for experienced traders. | Limited options for deposits and withdrawals. |
| Saves a lot on commission. | Not a lot of product options. |
| The demo account has real-time data. | – |
| Available as desktop and mobile app. | – |
| Includes tools for technical analysis. | – |
| Includes top-charting feature for stocks in the US. | – |
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2. SoFi Active Investing – Best Alternative for Youngsters
Pricing: Free
Designed with young traders and beginners in mind, SoFi Active Investing has no minimum amount to get started and no transaction fees. It also doesn’t include investments that usually incur fees, so young traders can start simple and cheap. Apart from offering an extensive range of options like buying and selling cryptocurrency, exchange-traded funds, and shares of leading companies, it also organizes regular seminars to ease youngsters into trading.
| Pros | Cons |
| No account minimum. | Limited investment choices for tradable securities. |
| Affordable to get started. | Only available to residents in the US. |
| Organizes free meetings with experts. | – |
| Allows for active and passive investing. | – |
| Offers an automated investing service. | – |
| Includes fractional shares investments. | – |
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3. MooMoo – Best Alternative for Investors Online
Pricing: Starting from US$0.99
If you’re good with anything online, then MooMoo would be an ideal alternative to Robinhood. It features low fees and a wide range of advanced features all packed in one app for smart trading. It can be used by beginners and seasoned investors, and the app can be synced on all your devices. The app also includes impressive research tools, so you can make good decisions when investing.
| Pros | Cons |
| Low fees and no-account minimum. | Trading incurs fees. |
| Ideal for smart trading. | Limited markets are available. |
| Includes paper trading feature. | – |
| Advanced tools for research. | – |
| Allows for convenient trading. | – |
| Invites you to a global investment community. | – |
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4. Public – Best Alternative for Learning
Pricing: Free
If you want to come up with brilliant trading ideas and customize your trading experience, Public.com is a good alternative to Robinhood. It allows you to follow other investors and you can join the community to share and receive ideas. It also provides for collaboration with other investors, so it can be used by seasoned and beginner traders.
| Pros | Cons |
| Offers fractional shares and ETFs. | Limited investments and account types. |
| Allows you to build a portfolio the way you want. | No web version available, only apps. |
| Features group chats for collaboration. | – |
| Ideal for beginners and experienced traders. | – |
| No commission fees. | – |
| Allows for on-the-go trading. | – |
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5. Tradier – Best Alternative for Variety
Pricing: Starts at $0.35
If you’re looking to explore your trading options without Robinhood, then Tradier is a great alternative that you can use. It features two affordable pricing plans, and there are no commissions on ETF and stock transactions. It allows you to use a continually increasing range of trading platforms, so you never run out of variety. Simply choose the one that’s best for you and get trading.
| Pros | Cons |
| Different option and equity platforms to choose from. | The variety of platforms can be confusing for beginners. |
| Different integrated trading platforms are available. | Particular trades require users to call in. |
| Features APIs for streaming. | – |
| The user interface is easy to use. | – |
| Highly customizable. | – |
| Ideal for active and experienced traders. | – |
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6. TradeStation – Best Alternative for Active Traders
Pricing: Starts at $1.50 per contract
TradeStation does better than Robinhood when you compare the former’s investment options with the latter. The platform is best for trading futures, but also offers way more than this like cryptocurrency, mutual funds, and bonds. The platform is quite techy, but beginners can get the hang of it after a while. You can choose between TS GO for mobile trading and TS Select to start trading.
| Pros | Cons |
| Offers web and mobile trading for convenience. | No forex trading is available. |
| Low fees on stock and ETF trading. | Deposits and withdrawals are inconvenient. |
| Educational tools for beginners. | Poor customer service. |
| Helpful community of active traders. | – |
| Allows for wide research before trading. | – |
| Known for being stable. | – |
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7. TD Ameritrade – Best Alternative for Beginners
Pricing: Starts at $0.65
With TD Ameritrade, you don’t have to pay commissions for options, online equity, and ETF trades, only a per contract option fee. The platform makes itself available to beginner traders who aren’t sure where to start from, and unlike Robinhood, TD Ameritrade features mutual funds and broker-assisted trades. It comes with an extensive list of tools that beginners can use to research investment opportunities and more important information that they might need.
| Pros | Cons |
| Offers research tools for beginners. | Mostly limited to the US market. |
| Largely commission-free. | A limited number of deposit and withdrawal options. |
| Includes broker-assisted trades for novices. | – |
| Excellent customer service for users. | – |
| Easy to use trading platform for desktop. | – |
| Affordable trading fees. | – |
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8. M1 Finance – Best Alternative for Busy Traders
Pricing: Free to individual investors, the M1 Plus plan costs $125 per year
If you’re a passive investor, then you would benefit from M1 Finance as a Robinhood alternative. The platform combines old-school investment management with a robo-advisor, making it ideal for busy traders. The free automated investment provides ease and is very user-friendly. It also encourages consistent and regular trading and even asks you about your financial situation and what you want to gain from investing when you sign up.
| Pros | Cons |
| Perfect for passive traders. | Active traders might not find it convenient. |
| Features a robo-advisor. | Does not include tax-loss harvesting. |
| Automated investment service for beginners. | – |
| Mindful of user’s goals and situations. | – |
| A diverse range of portfolios and tools. | – |
| The account minimum is low. | – |
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9. Interactive Brokers – Best Alternative for Experienced Traders
Pricing: IBKR Lite is Free, IBKR Pro starts at $0.005
Interactive Brokers is geared towards seasoned and experienced investors and traders and features low trading fees too. The platform combines advanced research tools and functionality features with the cost-saving design offered by Robinhood, making it a great alternative for all traders. The mobile version looks very similar to the desktop, and there is an array of asset classes that you can choose from. If you’re ready to go all-in with trading, Interactive Brokers would be a great choice.
| Pros | Cons |
| Low trading fees | Complicated user interface. |
| A wide array of products and asset classes. | Inconvenient customer service. |
| Includes different trading research tools. | Long account creation process. |
| Variety of price plans for all investors. | – |
| Easy to analyze candlestick charts. | – |
| Allows access to foreign markets. | – |
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10. eToro – Best Alternative for Crypto-Traders
Pricing: Starts at $50.
If you’re focused on crypto-trading and need a good Robinhood alternative, you can go for eToro. It also offers multi-asset options and worldwide exchanges that you can use to trade a wide range of assets. The platform is ideal for beginners and seasoned traders, and it’s pretty easy to create an account. The highlight of the eToro is its social trading platform, which you can use to copy trading tactics from other traders and collaborate with others.
| Pros | Cons |
| Features copy trading. | Places fees on withdrawals. |
| Friendly user interface. | High fees on forex. |
| Offers over 2,000 instruments. | – |
| You can purchase real assets without leverage. | – |
| You can choose your leverage. | – |
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#11 Coinbase – Best Alternative for Altcoin-Focused Traders
Pricing: Starts at $0.99
Coinbase started over a decade ago, and now it is an extensive platform with tens of millions of traders. The highlight of this platform is the Coinbase Visa debit card, so you can spend your cryptocurrency anywhere you go. If you prefer investing in altcoins, there is so much you can choose from except for Bitcoin. You can also learn about different kinds of cryptocurrencies with Coinbase.
| Pros | Cons |
| Wide variety of altcoins. | No control over your wallet keys. |
| Very straightforward user interface. | High fees. |
| High liquidity. | – |
| A Crypto debit card is impressive. | – |
| Low account minimum. | – |
| Cryptocurrency is insured in cases of hacking. | – |
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#12 Firstrade – Best Alternative for Mutual Fund Traders
Pricing: Free
If you’re interested in mutual fund and target-date fund trading, then Firstrade would be a perfect choice. Apart from these two, you have access to over ten thousand investments and high-quality services. The best part of Firstrade is the fact that teenagers can also invest with a custodial account managed by a guardian, so both experienced investors and minors can enjoy using this platform.
| Pros | Cons |
| An extensive array of investments. | Only offers US markets. |
| Intuitive user interface. | A limited number of methods for money transfer. |
| Helps to improve your trading tactics. | – |
| An impressive mobile app is available. | – |
| Allows teenagers to invest safely. | – |
| Excellent customer service. | – |
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#13 Unifimoney – Best Alternative for High Earners
Pricing: Free
Although Unifimoney is a perfect Robinhood alternative for high earners, it is highly customizable and allows you to invest based on your capability. It also features a robo-advisor that makes it easier to invest and allows you to automate your trading portfolio. Unifimoney features an extensive range of integrated investment and banking platforms, and you can invest in precious metals and cryptocurrencies.
| Pros | Cons |
| Offers real-time fractional investments. | High minimum opening balance. |
| Commission-free trading is available. | No desktop platform. |
| Convenient app interface. | – |
| Insured by the FDIC. | – |
| Features automated investing. | – |
| Fantastic customer service. | – |
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#14 Stash – Best Alternative for Personal Investments
Pricing: Starts at $1
Stash is a great Robinhood alternative for personal trading carried out by young people. The app offers different benefits including low prices and a wide range of choices. It’s an all-in-one financial platform and is perfect for investing in the background and automating your trading too. Young traders don’t have to worry about minimum deposits or balance requirements, in-network ATM fees, and hidden banking fees. It allows you to combine investing and banking for variety.
| Pros | Cons |
| Allows investments in fractional shares. | High ETF expenses. |
| Educational support for young investors. | No tax-loss harvesting. |
| Low commissions or trade fees. | – |
| Automatic investing tools. | – |
| Investment options for any risk level. | – |
| Low account minimum. | – |
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#15 Acorns – Best Alternative for College Students
Pricing: Starts at $1
Acorns are quite different from other trading platforms, but it’s a great Robinhood alternative, especially for college students. It would automatically connect to your debit or credit card and observe your purchases. Then, it would round up a good investment amount and lets you trade based on your capabilities. You also have access to different trading options for free.
| Pros | Cons |
| Automatically invests the spare change in your bank or card account. | High fees on small balances. |
| Offers educational content for college investors. | Small portfolio, not ideal for seasoned traders. |
| Provides cashbacks at some retailers. | – |
| Great platform for novice investors. | – |
| Helps new investors build the right habits. | – |
| Wide range of perks for college students. | – |
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