Invest in US Stocks With These UK Robinhood Alternatives
Robinhood is a well known stock trading platform in the US. It’s commission-free stock trading model proving extremely popular for both experienced investors and beginners alike. Unfortunately for those of us in the UK looking to invest in US stocks, Robinhood isn’t an option as yet.
Is Robinhood Coming to the UK?
Robinhood was given regulatory approval in August 2019, giving it the green light to launch in the UK.
The initial anticipated UK launch was early 2020. However it has since been confirmed that the launch has now been delayed indefinitely.
What can I use instead of Robinhood?
Thankfully there are now quite a few excellent Robinhood alternatives available in the UK. Which trading platform you opt for will largely depend on your requirements.
If you are only interested in trading US stocks then look no further than
If you want the option to trade both UK and US stocks, then
Take a look at our pick of the top Robinhood alternatives below to help you decide on the best stock trading app for you.
Best UK Alternative to Robinhood
Stake is the best alternative to Robinhood currently available in the UK. With the largest selection of US stocks and ETFs (over 3,700). They also deal exclusively in US stocks. So if you are interested in UK stocks then this isn’t the platform for you. However if US stocks are what you are looking for then you can’t go wrong with
The platform is currently available in app only format. It provides a easy to use interface and a clean design. Making it easy to get started trading US stocks. Even if you are a complete novice.
Pros: Largest selection of US stocks. Fractional Shares. Commission-Free Trading.
Cons: No UK stocks. Deposit & Withdrawal Fees (although they are minimal)
Trading 212 is another great UK alternative to Robinhood. While you don’t have the same number of US stocks available as
Along with an excellent app, there is also a full desktop platform available. Ideal for those who want the flexibility of both. Similar to
Pros: US & UK stocks. Fractional Shares. Fee-Free Trading.
Cons: Smaller selection of US Stocks than
Freetrade is another very popular UK stock trading app. With US stocks available and having recently launched fractional shares, it can now definitely be considered an alternative to Robinhood. While
As well as a very beginner friendly app interface,
Pros: US & UK stocks. Fractional Shares. Fee-Free Trading. Beginner Friendly.
Cons: Smaller selection of US Stocks than the competition. App lacks data and detail level available on
As you can see there are strong alternatives to Robinhood currently available in the UK. So there’s really no reason to continue holding on for the UK Robinhood launch. Rather than choosing one of the above why not just sign up for all 3? Take advantage of a free stock from each platform and give them a try for a few weeks. You can then decide on the best stock trading app for your needs based on first hand experience!