Time to trade apps? Consider these alternatives to Robinhood | finder.com

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Consider these apps like Robinhood

If you’re looking for an alternative to Robinhood, here are some trading apps to investigate.


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Our pick for mobile users: Moomoo

Moomoo logo
  • $0 commissions on US stocks, ETFs and options
  • Feature-rich mobile app
  • Free Level 2 market data and charting
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Robinhood stole headlines when it suspended trading on GameStop and other trending stocks before limiting access to these. But many investors decided to jump ship anyway. Here are some apps like Robinhood that you may want to look into.

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 Invest lets you trade commission-free stocks and ETFs while also giving you access to crypto and a robo-advisor.

  • Consider switching from Robinhood if you also want access to an automated investing platform with 0% management fee
  • Best for: Beginner investors

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.

  • Brokerage fee: $0 on stock and ETF shares
  • Inactivity fee: $0
  • Asset types: Stocks, ETFs, Cryptocurrency
  • Access: Mobile app and desktop


Moomoo offers zero-fee stocks and ETFs, while letting you invest in stocks of foreign companies.

  • Consider switching from Robinhood if you want access to Chinese and American markets
  • Best for: Active investors

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.

  • Brokerage fee: $0 commission on US stocks and ETFs
  • Inactivity fee: $0
  • Asset types: Stocks, ETFs, options and crypto
  • Access: Mobile and desktop


Public charges no commissions on stocks and ETF, while giving users access to a social platform where they can swap trading ideas.

  • Consider switching from Robinhood if you want to trade while having access to a social platform with other investors
  • Best for: Beginner investors

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.

  • Brokerage fee: $0 commission on US stocks and ETFs
  • Inactivity fee: $0
  • Asset types: Stocks and ETFs
  • Access: Mobile

Interactive Brokers

Interactive Brokers lets you trade stocks, funds, metals and more with an array of advanced research tools.

  • Consider switching from Robinhood if you want to invest in mutual funds, bonds and metals
  • Best for: Experienced investors

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.

  • Brokerage fee: $0 commission on U.S. stocks and ETFs bought through IBKR Lite
  • Inactivity fee: $0 on IBKR Lite
  • Asset types: Stocks, bonds, ETFs, mutual funds, options, metals, forex
  • Access: Mobile and desktop


WeBull offers commission-free trades of stocks, ETFs, options and crypto along with advanced research tools.

  • Consider switching from Robinhood if you want an array of user-friendly research tools
  • Best for: Intermediate investors

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.

  • Brokerage fee: $0 commissions on stocks, ETFs, options and crypto
  • Inactivity fee: $0
  • Asset types: Stocks, ETFs, options and crypto
  • Access: Mobile and desktop

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 Stock trade fee Asset types Option trade fee Annual fee Signup bonus
Stocks, Options, ETFs, Gold/Commodities
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.
Stocks, Options, ETFs
Get two free stock valued between $2.50 and $250
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency
$0 + $0.50/contract
Deposit qualifying assets of $5,000+
A platform built for all kinds of traders and all styles of trading
Stocks, Options, Cryptocurrency
Stocks & ETFs: $1/contract to open, $0 to close, $10 max/leg
Futures: $2.50/contract to open, $0 to close
Get 100 shares of stock (worth $1 to $6 a share)
Open and fund a new cash or margin account with $2,000+
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
Interactive Brokers
Stocks, Bonds, Options
$0 + $0.65/contract, $1 minimum
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.

Compare up to 4 providers

*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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