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Alternatives to Robinhood in Ireland

You can't access Robinhood in Ireland, so here are 5 low-cost alternatives to trade US stocks.

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US stock trading platform Robinhood is known for being the low-cost app of choice among millennial traders and it may well be the most widely recognised online broker today.

The only problem is, Irish residents don’t have access to Robinhood. Despite being regularly cited in local media, the app has not launched in Ireland. So, we tracked down a list of US-stock alternatives that offer low or zero brokerage trading for those in Ireland.

What is Robinhood?

Robinhood is a popular US trading platform that offers zero-commission trading of stocks, options and ETFs. Founded in 2013, Robinhood is well-known for its low fees, range of trading options and appealing minimalist interface.

Users of the app often trade stock options and other assets such as cryptocurrencies using leverage. This is a higher-risk form of trading because both your profits and losses are amplified. For more about the app, you can check out our Robinhood review from Finder US, bearing in mind that you won’t be able to access the platform unless you hold US residency.

Alternatives to Robinhood in Ireland

1. eToro

With an eToro trading account, you get commission-free US stock trading plus access to forex, cryptocurrencies, ETFs and commodities.

eToro may well be the closest app Ireland has to Robinhood, with low fees and a platform angled at the next generation of traders. Like Robinhood, eToro does not charge commissions for US stocks and allows you to trade stocks, commodities and currencies using leverage.

  • Brokerage fee: $0 for US shares
  • Inactivity fee: $0
  • Products: US stocks, US ETFs, forex, cryptocurrencies, commodities
  • Access: Mobile app and desktop
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More info

warning iconWarning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

alternative-to-commsec-degiro

2. Degiro

Trade US and global shares from your mobile and desktop app.

Degiro is one of the fastest-growing trading platforms in Europe, with members sprawling across all 18 countries. Though the platform does not allow top-ups with debit/credit cards, Degiro’s fees are some of the lowest in the market at just USD 0.004 per share.

  • Brokerage fee: From €0.50 + USD 0.004 per share for global stocks
  • Inactivity fee: 0
  • Products: Global shares, options, managed funds, forex, commodities, warrants
  • Access: Desktop or mobile app
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More info


alternative-to-commsec-saxo-capital-markets

3. Saxo Capital Markets

Trade over 18,000 stocks from 46 different markets, including Australia, the United States, China and Japan.

Saxo Capital Markets has one of the biggest global stock offerings in Ireland, with users able to trade on up to 36 global exchanges. Similar to Robinhood, you can trade a mix of stocks (including options), ETFs, forex, commodities and cryptocurrency markets.

  • Brokerage fee: From £ 5.00 for LSE stocks, US$3 for world stocks
  • Inactivity fee: $0
  • Products: Globally listed stocks, global stocks, forex, CFDs, stock options
  • Access: Full-service broker, desktop platform

More info


alternative-to-commsec-interactive-brokers

4. Interactive Brokers

Interactive Brokers is an online brokerage for low-cost US stocks and ETFs and is one of the few stockbrokers that remain certified after Brexit.

Interactive Brokers LLC has its own Dublin office, offering a low-cost trading app for US-listed stocks. Users can trade thousands of stocks and ETFs listed on the NYSE and NASDAQ on their mobile or desktop, using either a volume-tiered or fixed-rate pricing. IBKR also allows margin trading and provides access to riskier securities like cryptocurrency.

  • Brokerage fee: $USD 0.0035 per share for US stocks
  • Inactivity fee: $0
  • Products: Global shares, ETFs, managed funds
  • Access: Desktop or mobile

alternative-to-commsec-ig-markets

5. IG

An IG share trading account offers zero brokerage on international stocks as well as US stocks.

Like Robinhood, IG offers zero brokerage trading for US stocks and ETFs in Ireland; however, it adds to this with an international offering. In addition to US stocks, it offers access to the exchanges in Australia, Germany, and the UK. Users can also trade forex, cryptocurrencies and commodities using IG’s platform.

  • Brokerage fee: From £10 for UK shares, $15 for global shares
  • Inactivity fee: $50 per quarter
  • Products: US and international shares, forex, CFDs
  • Access: Mobile and desktop

Compare share trading platforms

Not what you’re after? You can compare other share trading platforms in the table below.

warning iconWarning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Name Product Number of Stocks CFDs Shares Available Markets Link
DEGIRO
Access to global markets
No
Yes
AU, AT, BE, CA, CH, CZ, DE, DK, ES, FR, FI, GR, HK, HU, IT, JP, NO, PT, PL, IE, SG, SE, TR, UK, US
Go to site
More Info
Your capital is at risk.
eToro
2,000+
Yes
Yes
Worldwide with exception.
Go to site
71% of CFD accounts lose money
More Info
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Saxo Markets
Saxo Markets
19,000+
Yes
Yes
AU, CN,CZ, DK, ES, FR, TW, HK, IT, HU, SA, NE, NO, PL, RU, SG, CH, UK, JP
Go to site
Plus500
2,000+
Yes
No
US, UK, AU, DE, FR, IT, PT, GR, JP, SG, ZA, NL, FI, BE, DK, SE, CH, ES, AT, NO, HU, CZ, IE, PL, HK
Go to site
72% of CFD accounts lose money
More Info
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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Compare up to 4 providers

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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