Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Trading apps like Robinhood

5 alternatives offering $0 commissions, advanced tools and more.

Robinhood has taken some heat this year, particularly over suspending trading on GameStop and several other stocks briefly. That may have led some users to look elsewhere, but recent numbers contained in Robinhood’s IPO filing show it continues to grow. If you’re looking at your options, here are some apps like Robinhood that you may want to examine.

WATCH: Top 3 Robinhood alternatives

Robinhood alternatives

Robinhood is known for its low fees and user-friendly platform. But these other brokers offer that and more.

SoFi

SoFi Invest

4.6 / 5 ★★★★★

SoFi Invest lets you trade commission-free stocks and ETFs while also giving you access to crypto and a robo-advisor.
Like Robinhood, SoFi Invest allows you to open a brokerage account with just $1. But SoFi offers two types of accounts. An active investing account provides access to stocks, ETFs and cryptocurrencies like Bitcoin. But SoFi also gives you access to an automated investing platform with a 0% annual management fee. You just answer a few questions about your finances and it recommends a diversified portfolio built with low-fee ETFs. This portfolio is automatically rebalanced by an advanced algorithm. SoFi also gives you free access to its team of certified financial planners (CFPs) over the phone.
And, if you're interested in early access to IPOs, SoFi is the only Robinhood competitor to release a system for such access to select offerings. (Offerings have been too limited so far to see if one system outperforms the other.)
Account typesBrokerage, Retirement, Robo-Advisor
Annual fee0%
Available asset typesStocks, Options, ETFs, Cryptocurrency

Moomoo

Moomoo

4.2 / 5 ★★★★★

Moomoo offers zero-fee stocks and ETFs, while letting you invest in stocks of foreign companies.
Moomoo is a low-fee broker that stands out for its advanced research tools and exposure to foreign markets. You get free access to Level 2 market data along with intuitive graphs, charts and third-party market research. These tools can come in handy for the active investor. Moomoo also offers American Depository Receipts (ADRs), which let you invest in foreign stocks without the need for a currency exchange.
Account typesBrokerage
Option trade fee$0
Available asset typesStocks, Options, ETFs

Public

Public.com

3.8 / 5 ★★★★★

Public charges no commissions on stocks and ETF, while giving users access to a social platform where they can swap trading ideas.
Public is a low-fee brokerage app that can be ideal for beginner investors. Users describe its platform as user-friendly and intuitive. You can also discuss trading strategies and ideas on its social platform. Like other discount brokers, Public doesn't charge any commissions on US stock and ETF trades.
Account typesBrokerage
Annual fee0%
Available asset typesStocks, ETFs, Cryptocurrency, Alternatives

Interactive Brokers

Interactive Brokers

4.3 / 5 ★★★★★

Interactive Brokers lets you trade stocks, funds, metals and more with an array of advanced research tools.
Interactive Brokers (IBKR) is an advanced trading platform built for active investors. It offers access to a variety of securities including global stocks, bonds, ETFs, mutual funds, metals and forex. It also provides advanced research tools that help you identify market opportunities and analyze investments. However, these may be a bit overwhelming for beginner investors. It can take some time to learn. Newbies may be more suited by the IBKR Lite platform, which provides commission-free U.S. stocks and ETFs.
It's important to note that IBKR suspended trades of GameStop and other stocks around the time Robinhood did. It notified its clients on Jan. 31 that it had lifted restrictions on buying options for GameStop and other stocks.
Account typesBrokerage, Retirement
Annual fee0%
Option trade fee$0 + $0.65/contract, $1 minimum
Available asset typesStocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Futures, Forex

WeBull

Webull

4.6 / 5 ★★★★★

WeBull offers commission-free trades of stocks, ETFs, options and crypto along with advanced research tools.
WeBull is another discount broker. But unlike Robinhood, WeBull offers a variety of user-friendly research tools like stock screeners, trading simulators and charts. You can also open an individual retirement account (IRA) or Roth IRA with WeBull. Robinhood currently doesn't offer this feature.
Account typesBrokerage, Retirement
Annual fee0%
Option trade fee$0
Available asset typesStocks, Options, ETFs, Cryptocurrency

How to transfer your brokerage account

If you’re switching brokers, the process may vary depending on your current broker and which one you’re moving to. Also, keep in mind that your current broker may charge $50 to $75 to transfer funds to another account and close your current one. Most brokers use the Automated Customer Account Transfer Service (ACATS). So expect to go through the following process.

  • You fill out a transfer initiation form with your new broker.
  • Your current broker validates your form or notifies you of next steps within three business days.
  • Your old broker completes the process and moves funds within six business days.

Note: Some brokers don’t accept the proprietary funds of others. So you may not be able to transfer mutual funds or ETFs managed by your old broker.

Compare trading platforms

1 - 5 of 5
Name Product Available asset types Stock trade fee Minimum deposit Signup bonus
SoFi Invest
Stocks, Options, ETFs, Cryptocurrency
$0
$0
Get up to $1,000
when you fund a new account within 30 days.
Winner of Finder’s Best Low-Cost Broker award.
Robinhood
Stocks, Options, ETFs, Cryptocurrency
$0
$0
Get a free stock
when you successfully sign up and link your bank account.
Make unlimited commission-free trades, plus earn 4% interest on uninvested cash in your account with Robinhood Gold.
tastyworks
Stocks, Options, ETFs, Cryptocurrency
$0
$0
Get $200 in US stocks
when you open and fund an account with min. $2,000 for 3+ mos.
Highly commended for Best Derivatives Trading Platform award.
Public.com
Stocks, ETFs, Cryptocurrency, Alternatives
$0
$0
Get up to $300 in either stocks or crypto
when you use code FINDERUS to sign up and fund a new account.
Trade stocks and ETFs commission-free, plus gain access to alternative investments like art, NFTs and more.
Interactive Brokers
Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Futures, Forex
$0
$0
N/A
Winner of Finder’s Best Overall Stock Broker award.
loading

Compare up to 4 providers

Information on this page is for educational purposes only. Finder is not an advisor or brokerage service, and we don't recommend investors to trade specific stocks or other investments.

Finder is not a client of any featured partner. We may be paid a fee for referring prospective clients to a partner, though it is not a recommendation to invest in any one partner.

More guides on Finder

Ask an Expert

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site