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UK alternatives to Robinhood

The US-based trading app isn't available in the UK, but here are some of your other options.

US stock trading platform Robinhood is known for being the low-cost app of choice among millennial traders and it may be the most widely recognised online broker today. But you can’t access it in the UK. Robinhood cancelled its much-anticipated UK launch in 2020. So here’s our list of the best trading app alternatives to Robinhood in the UK.

Trading apps similar to Robinhood

What is Robinhood?

Robinhood is a US trading platform founded in 2013 that offers zero commissions on stocks, options and ETFs. It’s popular among traders thanks to its low fees, range of trading options and minimalist design targeting younger investors.

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.

Robinhood sparked backlash amongst its users when it put a halt on trading stocks like GME and AMC, which had been part of a large-scale battle between hedge funds and the retail investors using trading apps like Robinhood.

Alternative to Robinhood for its advanced trading platform: eToro

Like Robinhood, eToro offers commission-free share trading, as well as a demo account so you can practise investing, professional charting tools and research. It also offers offline trading so you can place orders even when the platform is down.

eToro lets you trade a huge range of stocks, commodities, and currencies, and lists more than 1,000 stocks from around the world.

eToro Free Stocks

Zero commission and zero stamp duty with eToro

Other fees apply. Your capital is at risk.

  • Unlimited trades, with no dealing charges or management fees
  • Pay no stamp duty on UK shares (saving 0.5%)
  • Create an account today in a few minutes

Capital at risk

Promoted

Alternative to Robinhood for global stocks: Fineco

Fineco lets you trade more than 20,000 financial instruments, including global stocks, funds and bonds. It also boasts an in-depth and advanced trading platform for investors looking to do more than simple trades.

Fineco

Get your first 100 trades commission free with Fineco

Fees apply. Your capital is at risk.

  • Market leading platform
  • No minimum deposit, no conversion fee, no monthly fee
  • Get £500 in trading commissions to use in the first 3 months (T&Cs apply)
Promoted

Alternative to Robinhood for general trading: IG

Founded in 1974, IG offers an extensive investing platform that lets you do everything from buy stocks and funds, open a ISA or SIPP, as well as invest in ready-made “smart portfolios” designed for hands-off investors. It also offers fee-free trading on US stocks.

Alternative to Robinhood for its ISA: Freetrade

If you’re looking for a platform that also offers ISAs, you might want to consider Freetrade. Like Robinhood, Freetrade offers fee-free trading on a range of UK and US stocks, and also lets you invest in funds and ETFs.

With a eye-catching UI inspired by digital bank pioneers like Monzo and Revolut, it’s also easy to use for even the least experienced investor.

Compare share trading providers

Table: sorted by promoted deals first
Name Product Price per trade Frequent trader rate Platform fees Brand description
eToro Free Stocks
£0
N/A
£0
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $50.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Freetrade
Finder Award
Freetrade
£0
N/A
£0
Claim your free share worth between £3 and £200. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
£0
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Compare up to 4 providers

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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