Whenever you think of trading, Robinhood is the name that first comes to your mind. As it is affordable, flexible, commission-free, and easy to beginner friendly. But for the last few years, you might have seen Robinhood has been facing some setbacks, and investors are shifting their securities and Robinhood suffered losses. Now investors are looking for the best Robinhood alternatives that can provide them the best experience with updated tools and complete support with minimum cost.
So, in this blog, we will discuss the 10 best Robinhood alternatives that you can rely upon in 2021 and beyond. Let's dive deeper and grab the best suited for your investment needs.
10 Best Robinhood Alternatives
1. Trade Station
If you are a trader who wants top-notch analytics and charting tools, Trade station will be one of the best alternatives of Robinhood for you. This trading app helps you to gain practical insights by creating and analyzing market charts. You can even get access to the holistic view of big losers and huge gainers of the market. So that you can grab every opportunity for big gains. If you want powerful analytics that are not available in Robinhood, you can use Trade station.
Whether to get the latest financial news or to monitor your favorite icons, Trade station will provide you with continuous updates. Thanks to the real-time quotes, you can stay up to date and clearly understand where your assets are at a specific time. Even its risk management tool helps you to provide volatile statistics and help you assess long-term risks.
- Dozens of pointers and drawing objects
- Excellent real-time streaming quotes
- Powerful Risk Management Statistics
- Requires a slight learning curve if you are a beginner.
- Free for both iOS and Android
2. Coinbase
If you are a crypto trader and are finding the Robinhood alternative for cryptocurrency trading, Coinbase will be the perfect choice for you. Coinbase has been preferred by many traders nowadays, as it has lots of features and is flexible to use. It has an option for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), OX, Ethereum Classic (ETC), (ZRX) and USD Coin (USDC), Litecoin (LTC), and Basic Token (Bitcoin (BTC), Bitcoin Cash ( With support for many crypto assets, including BCH), and (BAT). So whenever you go trading into crypto Coinbase ensures that you always have plenty of options for choosing the best performing asset.
One more thing that attracts the most of Coinbase, it has a clean dashboard that helps you to monitor the real-time prices and also allows you to note the real-time value of your assets. With real-time accurate price alerts, Coinbase let you grab every opportunity by providing you the complete information
- Provides high-end security and protection to the traders
- Supports multiple features
- Timely price alerts
- Customer feedback is not the best in market
- Free for both iOS and Android
3. SoFi
SoFi is a smarter alternative to Robinhood that you can use. When you want a simplified yet flexible experience in trading stocks and cryptos SoFi is the app that helps you a lot. Just like Robinhood, in SoFi you need not pay any commission and no minimum account balance is required. You can trade as and when you want without any restrictions. It comes with effective and efficient tracking tools, you can track your spending and credit score. Besides it gives you access to your financial insights to help keep you informed of upcoming investment opportunities and helps you to minimize long-term risks.
SoFi's learning curve is more focused and comes with a clean UI. The dashboard is fully customizable. It helps you to put only the information which is highly required on the dashboard. So without digging deeper you can track all the necessary information at a glance.
SoFi allows you to trade Bitcoin, Dogecoin, Litecoin, Ethereum, and other cryptos at your own pace.
- Provides Deep financial insight
- You can invest in stocks without commission
- Option to earn interest on cash (up to 0.025% APY)
- Supports crypto trading and student loan financing
- The list screen is not always compatible
- Free for both iOS and Android
4. TD Ameritrade
The availability of multiple trading options makes TD Ameritrade a powerful alternative to Robinhood. So, if you like a variety of trading options to get big profits without delay, check out TD Ameritrade right away. Depending on your needs, you can create multiple watchlists and set up custom alerts, it helps you to stay up to date with current market trends and you can mint more money.
When it comes to the interface, you will find it very intuitive which makes it very easy to navigate. You will find an updated dashboard that allows you to monitor specific data at a glance. TD Ameritrade allows you to place tabs on both sensational movers and shocking losers due to its real-time streaming quotes.
Flexible track and trade stocks system
You can create a watchlist screen
The easiest way to transfer funds
Sometimes the app freezes for a while
Free for both iOS and Android
5. Webull
No matter if you are a beginner or a pro trader, Webull provides its users with a simple and flexible process of trading in stocks. Although it is the best Robinhood alternative, it is very similar to Robinhood even. Just like Robinhood, you can trade stocks, ETS, and options without any commission. There are no deposit requirements in brokerage accounts, and this is the USP of Weebul.
Webull comes with a handy partial share trading feature that helps the traders to invest in their favorite companies without having to buy the entire stake. This allows investors to buy stocks fractions for less than $5.
Webull's business tools are far better than Robinhood if you place and compare them side by side. Whether we talk about smart analytics or charting tools, Webul makes you stand at the forefront. You can analyze market current trends and understand the latest market information to earn more.
- It provides the option of Partial stock trading
- OPRA real-time data support
- Designed for professionals and beginners
- Offers More than 50 analytics tools
- The free version has very limited access.
- Free, and Paid version starts at $1.99/month for both iOS and Android
6. E-Trade
E-Trade is another full-featured Robinhood alternative you can try. It offers a wide range of trading tools that can help you to trade and invest with utter flexibility in the US market. If you want to keep your eye on your performance, this is the best alternative app that provides well-designed charts and in-depth insights into the market.
Besides market insights, it also allows you to find commission-free online US-listed stocks, ETFs, and accurate portfolio information. Its low transaction fee attracts the traders the most. You can create a custom watch list and set alerts for your favorite investments so that you can keep an eye on every opportunity
Also, E-Trade is very secure and covers all the basic security features like Face ID / Touch ID biometric authentication and required fraud protection.
- Provide accurate information regarding portfolio
- You can create multiple view listings
- Low trading fees
- Pro analytics tools and charts
- Lack of effective tools to regulate trades
- Free for both iOS and Android
7. Public
When it's Public, it's user friendly. It is one of the best Robinhood alternatives that provide tons of user-friendly tools to trade and create an impressive portfolio. So if you want to create an unmatchable portfolio Public will be the best choice. It allows you to invest in ETFs, cryptocurrencies, or stocks. It also provides tools to watch out for Nifty trading, and so you can get a better understanding of risk and volatility with security labels. Besides this, it provides commission-free trading with minimum deposits.
The public allows you to trade in Crypto such as Bitcoin (BTC), Dash (DASH), and Zcash (ZEC), Ether (ETH), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC). Support. ), Bitcoin Cash (BCH), Stellar (XLM), and Ethereum Classic (ETC).
With its large community of Investors and entrepreneurs, you can interact with your fellow investors and experienced traders to get the best results.
- Proper and direct customer support
- The best platform to build an attractive portfolio
- Clean UI
- No state-of-the-art diagnostic equipment
- Free for both iOS and Android
8. M1 Finance
If you want an all-in-one trading app that allows you to invest, borrow, and helps you to spend your hard earned money in a better way M1 Finance is the answer. It is the best Robinhood alternative that comes with the intelligent automation tools suite that allows you to invest on schedule and streamline your transactions without any hassle. If you are a beginner you will find this app a very helpful one as it is an easy-to-use and hassle-free option for traders.
To open an account with M1 finance you need not maintain a minimum balance, you can trade hassle-free and build a portfolio with any stock. It also provides quick access to your money so that you can easily transfer your money between investments.
- Beginner-friendly platform
- You can borrow money at very low-interest rates (between 2-3.5%)
- Free for both iOS and Android
9. eToro
When it comes to the best trading experience eToro is the best Robinhood alternative out there in the market. It allows its users to build a diverse stock portfolio without paying any fee. If you want to build a strong portfolio with indexes, ETFs, currencies, stocks, cryptos, commodities eToro helps you a lot.
eToro comes with pre-defined portfolios that are designed to select the best performing asset while tracking the long risks. You can create watchlists to track the latest market trends. And when it comes to the security features, you don't have to worry, it is regulated by FCA, ASIC, and CySEC, which are well-known financial authorities. You can even make your profile public or private as per your preference.
- You can create multiple view listings
- Option to create a diverse portfolio
- Regulated by well known financial authorities
- No pro-grade analysis equipment
- Free for both iOS and Android
10. Moomoo
Last but not least, Moomoo is the best Robinhood alternative that can provide a fully personalized trading experience. It is powered by powerful AI that can provide you with real-time quotes and analytics tools that you can even customize as per your needs. With this app, you can easily invest in US stocks, forex, ETFs, and options without having to deal with custodian or commission fees.
Moomoo gives its users an option to create multiple screens as per their requirements. They can create a screen of their choice.
Besides, It comes with great security features with industry-standard security protocols. Your data will never be hacked and packed with the toughest security shield.
- You can create a full customized screen
- Provide accurate market insight
- Provide detailed visual data report
- The free version comes with lots of limitations
- Free, and Paid for both iOS and Android
That's all..!!
So, here is the complete information on the best Robinhood alternatives you can use for trading. I hope I have successfully provided you with the information you are searching for. If you have any queries or questions related to Robinhood you can comment below, I will be very happy to reply to your comments as soon as possible.
Good luck..!!
