What are the Best Robinhood Alternatives?

This article looks at the top apps like Robinhood you might consider opening instead. But first, let’s look at Robinhood as an app and why it might not be right for you.

What is Robinhood?

Robinhood is a free stock trading app that became the first to offer commission-free investing to the masses. The service, aimed at democratizing finance, targets younger investors who may not have much money to invest at once and feel drawn to commission-free trading.

Is There a Better App than Robinhood?

Yes, in a nutshell. Depending on your individual investing needs, you might find other apps to be more worthwhile and capable of handling your investing needs. Robinhood offers simplified investing but lacks what many other services offer for free or at low prices. If you’re looking for an alternative to the Robinhood app, consider the following options:

1. Webull

Superior to Robinhood, its analytic tools like Level 2 Advanced Quotes help with your trading decisions. In fact, Webull can also be considered the best stock analysis app for its cost (free).

2. SoFi Invest

SoFi Invest is an app that allows you to track and trade your money. The service is the latest from the SoFi financial wellness platform and offers free trades on stocks, ETFs, cryptos and more.

3. Public.com

Public.com is another free stock app catering toward young adults intent on investing in accordance with their social preferences. This stock investing app, much like many of its peers, offers fractional investing, or the ability to buy smaller amounts of a stock than one share.

4. TradeStation

If you are a serious trader and want a high-powered Robinhood alternative for non-US citizens, you may want to consider TradeStation. The service is also available to Americans, but can also be a Robinhood European alternative as well as for APAC residents.

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