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Trading apps like Robinhood

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

Our pick for mobile users: Moomoo

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  • $0 commissions on US stocks, ETFs and options
  • Feature-rich mobile app
  • Free Level 2 market data and charting
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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

4.35 / 5 ★★★★★

Go to site
on SoFi Wealth Management's secure site
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%
Option trade feeN/A
Asset typesStocks, ETFs, Cryptocurrency

Moomoo

Moomoo

Go to site
on Moomoo's secure site
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
Asset typesStocks, Options, ETFs

Public

Public

Go to site
on Public's secure site
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
Option trade feeN/A
Asset typesStocks, ETFs

Interactive Brokers

Interactive Brokers

4.1 / 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
Asset typesStocks, Bonds, Options, Mutual funds, ETFs, Currencies

WeBull

Webull

4.4 / 5 ★★★★★

Go to site
on Webull's secure site
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
Asset typesStocks, Options, ETFs

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

Name Product Asset types Option trade fee Annual fee Signup bonus
Robinhood
Stocks, Options, ETFs
$0
0%
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Sofi Invest
Stocks, ETFs, Cryptocurrency
N/A
0%
Get one free stock worth up to $1,000
Open an account
A free way to invest in stocks, ETFs and crypto.
Public
Stocks, ETFs
N/A
$0 per month
Download and sign up with Public.com; approved accounts receive a free stock slice worth up to $70, selected from 9 popular stocks.
Open an account
Commission-free trading in stocks and ETFs with a social networking twist.
Webull
Stocks, Options, ETFs
$0
0%
Get one free stock valued between $3.00 and $300 when you open an account, one more with a deposit
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
J.P. Morgan Self-Directed Investing
Stocks, Bonds, Options, Mutual funds, ETFs
$0 + $0.65/contract
0%
N/A
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Moomoo
Stocks, Options, ETFs
$0
$0 per year
N/A
Trade stocks on the US, Hong Kong, Shanghai and Shenzhen markets.
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*Signup bonus information updated weekly.

Disclaimer: The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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