You have probably heard about the Robinhood app on YouTube and want to know if it’s available in Denmark, right?
Robinhood is a modern and easy-to-use investment app from the US that introduced the concept of commission-free trading in stocks, ETFs, options, and futures – and has transformed the way millions of retail investors approach trading.
Want to know if the Robinhood app is available in Denmark, its expansion plans, and the alternatives available to Danish investors? We’ve got you covered.
What is Robinhood?
Robinhood was founded in 2013 in the US and has played a major role in transforming the brokerage industry by allowing US retail investors to trade without commissions. Alongside competitors like Webull, Robinhood pioneered the commission-free model now standard across the industry.
The results are clear: over 27 million Funded Customers and approximately $324 billion in assets custodied (AUC) on the platform. Robinhood is publicly listed on NASDAQ (ticker: HOOD) since July 2021 and has been a constituent of the S&P 500 since 2025. The platform’s success forced major US incumbents like E*TRADE, TD Ameritrade, and Charles Schwab to eliminate trading commissions in October 2019. TD Ameritrade was subsequently acquired by Charles Schwab, with the brand fully retired by 2024.
Is Robinhood available in Denmark?
Yes, Robinhood is available in Denmark – and no longer just for cryptocurrencies.
Robinhood initially launched its cryptocurrency trading service in the European Union, allowing users to buy, sell, and hold over 25 digital assets including Bitcoin, Ethereum, Solana, and others. The platform has continued to expand its crypto offering, with features such as crypto transfers and staking added throughout 2025, positioning itself as a low-cost, user-friendly crypto platform for EU investors.
Since July 2025, Robinhood has expanded its offering significantly for European users:
- Danish investors can now trade tokenised versions of more than 200 US stocks and ETFs through Robinhood. These “stock tokens” provide fractional, 24/5 access to major US-listed equities such as Apple, Tesla, NVIDIA, and others, without requiring a traditional brokerage account or US tax form filings;
- The stock token offering operates via Robinhood Europe UAB, registered in Lithuania and supervised by the Bank of Lithuania under the MiCA framework for crypto-asset services.
While these stock tokens are not the same as owning real shares (they are issued by a licensed financial institution and backed 1:1 by the underlying assets), they allow Danish users to gain price exposure to US stock movements through the Robinhood app, including fractional purchases and 24/5 trading hours.
However, please note that by investing in a stock token, you are not covered by the standard investor compensation scheme that applies to traditional brokerage relationships. This is clearly stated in the Key Information Document (KID) of each stock token. As an example, you can review the KID for the NVIDIA stock token:
Key implications of trading stock tokens (rather than real shares):
- No voting rights: stock tokens do not grant shareholder voting rights;
- Dividend treatment differs: dividend distributions are reflected as token value adjustments rather than cash payments;
- Counterparty exposure: your position depends on the issuer’s solvency and the underlying collateral framework;
- No traditional investor protection: stock tokens fall outside standard EU investor compensation schemes (like Denmark’s Garantiformuen);
- Tax treatment may differ: Danish tax treatment of stock tokens may differ from traditional shares – consult a Danish tax adviser for clarity.
If these distinctions are material to you, consider investing in real shares through one of the alternative brokers mentioned below, which provide direct equity ownership, full shareholder rights, and protection under EU/Danish investor compensation schemes.
Robinhood’s expansion plans extend further: in April 2025, the Bank of Lithuania granted Robinhood an A-category brokerage licence, paving the way for a broader rollout of full stock brokerage services across the EU. This licence is a strong signal that Robinhood is working towards launching real share trading (rather than just tokenised access) in Denmark and other EU countries in the future – though specific timelines for Denmark have not been publicly announced.
Robinhood alternatives in Denmark
To help us answer this question, we focused on low-cost brokers, which are available in Denmark. Given that, here are our suggestions:
eToro
With over 40 million users, eToro is the leading social investing platform (copy and follow other traders/investors). It offers commission-free ETF trading (other fees apply).
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Interactive Brokers
Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees).
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.
DEGIRO
One of the leading online brokers in Europe due to its low-cost structure. It offers commission-free ETF trading (external fees apply) and a wide product portfolio.
Disclaimer: Investing involves risk of loss.
All these alternatives to Robinhood are regulated (or registered) by top-tier regulators such as the UK’s Financial Conduct Authority (FCA), Germany’s Federal Financial Supervisory Authority (BaFin) and Cyprus’ Securities and Exchange Commission (CySEC).
eToro at a glance
52% of retail CFD accounts lose money.
Founded in 2007, eToro is an international online broker with over 40 million users across 140+ countries. The platform offers access to over 3,000 financial instruments including real stocks, ETFs, cryptocurrencies, and CFDs on stocks, ETFs, commodities, forex, indices, and crypto. eToro listed on NASDAQ in May 2025 (ticker: ETOR), reinforcing its credibility as a publicly traded company. ETFs are traded commission-free as whole or fractional shares (other fees apply). Real stocks listed on US, EU, and UK exchanges are also commission-free, while stocks on other exchanges incur a $2 per trade commission.
eToro’s investment platform, accessible via web and mobile, is built around a social trading hub. Investors can engage in discussions about market news, speculations, and trade ideas alongside other users. The platform also offers CopyTrader (allowing you to automatically replicate the trades of experienced “Popular Investors”) and Smart Portfolios (ready-made thematic portfolios based on themes like artificial intelligence, renewable energy, and dividend-paying stocks). New users can claim a free asset for new users meeting deposit thresholds.
The demo account is particularly useful for beginners, offering $100,000 of virtual money to practise trades risk-free. It lets you experience the platform identically to live trading, easing the transition when you switch to real capital. On the downside, there is a $5 withdrawal fee, a $10 monthly inactivity fee after 12 months without login activity, and Danish investors will face FX conversion costs since USD is eToro’s only base currency.
eToro is regulated by multiple top-tier authorities globally, including the FCA (UK), CySEC (Cyprus), ASIC (Australia), and SEC and FINRA (US). Danish clients are typically served by eToro (Europe) Ltd, authorised and regulated by CySEC and passported across the EEA under MiFID II (with oversight from Finanstilsynet, the Danish Financial Supervisory Authority, for cross-border financial services). Client funds are protected up to €20,000 under the Cyprus Investor Compensation Fund (ICF).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 52% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Interactive Brokers at a glance
Founded in 1978 and publicly listed on NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker that has survived multiple financial crises through rigorous risk management. The broker became a constituent of the S&P 500 in 2024 and now serves 3+ million client accounts globally across 170+ markets in 36+ countries.
Interactive Brokers offers an advanced investment platform with a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, forex, and crypto), robust trade execution through IB SmartRouting, and comprehensive technical and fundamental tools to support investment decisions. Danish residents are typically served via Interactive Brokers Ireland Limited, regulated by the Central Bank of Ireland (CBI), with MiFID II passporting providing access to global markets including Nasdaq Copenhagen for Danish stocks.
Beginners and intermediate investors can access extensive educational resources via IBKR Campus (formerly Traders’ Academy), though the platform’s learning curve is steeper than simpler apps. Customer service provides clear and detailed answers, reducing the need for back-and-forth communication. Because of the depth and complexity, we mainly recommend Interactive Brokers to intermediate and advanced traders.
On the downside, IBKR’s fee structure is more complex than simpler apps, the registration process is more thorough (though fully online), and the broker doesn’t offer fully commission-free trading. However, when considering low FX conversion fees (0.0020% with $2 minimum), narrow spreads, the Stock Yield Enhancement Program (SYEP), and tiered cash interest on uninvested DKK, EUR, USD, and GBP balances (linked to central bank policy), Interactive Brokers’ clients typically achieve significant savings compared to most other brokers – especially active traders and larger portfolios.
Interactive Brokers also offers IBKR GlobalTrader, a streamlined mobile trading app for stocks, ETFs, and options, ideal for beginner investors. Features include automatic currency conversions (DKK/EUR/USD), fractional shares from $1, and a $10,000 virtual demo account.
Want to know more about Interactive Brokers? Check our Interactive Brokers review.
DEGIRO at a glance
Investing involves risk of loss.
Founded in 2013, DEGIRO is a low-cost European brokerage that has become very popular thanks to its competitive pricing. With over 3 million users across 18+ European countries (including Denmark), the platform has built a reputation around its “do-it-yourself” philosophy – giving investors everything they need to manage their own portfolios. DEGIRO offers a wide range of financial assets including stocks, ETFs, bonds, options, futures, warrants, investment funds, and leveraged products (which are similar to but not identical to CFDs – more details here).
Key cost considerations for Danish investors:
- Core Selection ETFs: commission-free (a €1.00 flat handling fee for external costs still applies);
- US stocks: €1.00 per trade;
- European stocks (including Nasdaq Copenhagen): €3.90 + €1.00 handling fee on most major exchanges;
- Annual connectivity fee: €2.50 per exchange (charged once per year for each exchange you actively use – so Nasdaq Copenhagen + any foreign exchanges you use);
- Options: €0.75 per contract on European and US exchanges.
The web and mobile platforms are intentionally minimalist – efficient and straightforward, with a short learning curve. On the downside, the absence of in-depth fundamental research, the lack of price alerts in the app, and the limited charting tools may frustrate more advanced traders.
In terms of safety, DEGIRO is the Dutch branch of flatexDEGIRO Bank AG, a German credit institution supervised by BaFin and Deutsche Bundesbank. Danish clients are served via MiFID II passporting under the same regulatory framework. In the unlikely event that segregated client assets cannot be returned, DEGIRO falls under the EdW German Investor Compensation Scheme, which compensates non-returned securities up to 90% with a maximum of €20,000 – worth bearing in mind if you plan to invest much larger volumes.
Cash deposited into a DEGIRO Cash Account with flatexDEGIRO Bank AG is additionally protected up to €100,000 under the German Deposit Guarantee Scheme.
Still have doubts? Go through our DEGIRO review.
Which platform should you choose?
The best online broker for you depends on your investor profile, financial goals, and preferences as a Danish investor. Here are the most important factors to evaluate:
- Fees and total cost of ownership: compare commissions, FX conversion fees, custody charges, withdrawal costs, and inactivity fees. For Danish investors trading non-DKK-denominated stocks, FX impact can be substantial over the long term;
- Regulation: confirm the broker is supervised by top-tier authorities like the FCA (UK), BaFin (Germany), CBI (Ireland), CySEC (Cyprus), or Finanstilsynet (Denmark). Most international brokers serve Danish clients via MiFID II passporting with Finanstilsynet oversight;
- Product range: not all platforms offer cryptocurrencies, options, futures, or access to Nasdaq Copenhagen for Danish equities – verify the broker covers the markets you want;
- Multi-currency support: brokers offering native DKK, EUR, USD, and GBP accounts (like Interactive Brokers) significantly reduce FX conversion costs over time;
- Tax reporting: Danish residents are subject to specific capital gains and dividend taxation. Look for brokers providing annual tax reports compatible with Danish requirements;
- Investor protection: ensure the applicable investor compensation scheme provides meaningful coverage in your jurisdiction.
Explore the websites above, compare the platforms against your investment strategy, and decide for yourself which best fits your needs.
A reminder that the above should not be seen as investment advice and should be considered information only. Investors should do their own research and due diligence about the services and opportunities best suited for their risk, returns, and impact strategy.
FAQs
How exactly does Robinhood make money?
The online broker earns money from interest earned on customers’ cash balances (money in your account not invested), by selling order information to third parties (high-frequency traders, for instance), and margin lending.
Regarding the selling of orders, the US Securities and Exchange Commission (SEC) is still investigating Robinhoodfor not fully disclosing its practice of selling clients’ orders to high-speed trading firms.
Until October 2018, Robinhood would not clearly state that it was receiving payments for order flows. By law, any financial company must reveal all the material facts an investor would want to know before making any investment decision.
