Robinhood is a commission-free trading app from the US, known for popularising the commission-free model and for a clean, approachable interface that appeals particularly to newer investors.
Founded in 2013, Robinhood offers stocks, ETFs, options, and cryptocurrencies without trading commissions. It has been listed on NASDAQ (ticker: HOOD) since 2021, joined the S&P 500 in 2025, and now serves 28.6 million funded customers with $384 billion in total platform assets at the end of August 2026, according to its August 2026 operating data. Robinhood will publish its third-quarter 2026 results on 27 October 2026.
Where is Robinhood available?
- United States: Robinhood’s primary market, with the full product range including stocks, ETFs, options, retirement accounts and crypto.
- United Kingdom: available since 2024 through an entity regulated by the Financial Conduct Authority (FCA), with a narrower offering than the US.
- European Union: available through Robinhood Europe UAB, licensed by the Bank of Lithuania. According to Robinhood’s EU website, clients can trade more than 90 cryptocurrencies, more than 2,000 stock tokens linked to US stocks and ETFs, and perpetual futures with leverage of up to 10x, and can hold idle euros in a J.P. Morgan money market fund. Real shares are not available.
- Other countries: residents elsewhere cannot open a Robinhood account.
An important distinction for EU users: what Robinhood offers in Europe is not the same product as in the US. Stock tokens are derivative contracts with Robinhood that give price exposure to US equities, but they are not real shares. You do not own the underlying asset, you receive no shareholder rights and they carry no investor compensation coverage. This is stated explicitly in the Key Information Document for each token.
If you decide to open a Robinhood Europe account, new users who sign up through a referral link and deposit at least €50 currently receive €50 in crypto. This Robinhood Europe referral guide explains the offer step by step. Terms apply and the amounts can change without notice.
Here is the full country list:
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
- United Kingdom
- United States
Below we cover alternatives for investors in unsupported countries, and for anyone in the EU who would rather hold real shares than tokens.
Robinhood app alternatives
These online brokers offer a modern, easy-to-use platform like Robinhood, and some of them offer commission-free trading:
eToro
Commission-free ETF trading (other fees apply), and stocks from $1 or $2 per trade depending on your country. You can also copy other traders and investors on a social trading platform with millions of users in over 75 countries. Full eToro review here.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. 51% of retail investor accounts lose money when trading CFDs with this provider.
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, crypto and more) and low foreign exchange (FX) conversion fees. Check our Interactive Brokers review.
💡 Interactive Brokers also launched IBKR GlobalTrader, a simpler mobile app to trade stocks, options and ETFs, aimed at newer investors.
XTB
It offers commission-free stock and ETF trading on monthly turnover up to €100,000 (0.2% above that, minimum €10) and contracts for difference (CFDs) on stocks, forex, indices, commodities and cryptocurrencies.
Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider.
Webull
US broker that offers commission-free trading for US-listed stocks, ETFs, and options.
DEGIRO
Low-cost European broker that charges €1 per transaction on ETFs from its Core Selection and €2 on US stocks. Full DEGIRO review is available here.
Disclaimer: Investing involves risk of loss.
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Broker
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Accepts clients from
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Worldwide (200+ countries, exceptions apply)
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52% of retail CFD accounts lose money.
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Over 75 countries. Exceptions include Canada and Japan
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74% of retail investor accounts lose money when trading CFDs with this provider
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Worldwide. Exceptions include the United States, Australia, Japan, Belgium, Brazil, Hong Kong, and India
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US, UK, EU, Canada, Australia, Japan, Singapore, Hong Kong, Brazil, Mexico, and others
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Europe (18+ countries)
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If none of these fits, take a look at our list of online brokers available by country.
A reminder that the above should not be construed 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.
Robinhood alternatives by country or region
Netherlands 🇳🇱 | Germany 🇩🇪 | Singapore 🇸🇬 | Colombia 🇨🇴 | Argentina 🇦🇷 | Ukraine 🇺🇦 | China 🇨🇳 | Turkey 🇹🇷 | Brasil 🇧🇷 | Chile 🇨🇱 | Denmark 🇩🇰 | Malaysia 🇲🇾 | Philippines 🇵🇭 | France 🇫🇷 | Mexico 🇲🇽 | UK 🇬🇧 | Thailand 🇹🇭 | Australia 🇦🇺 | Europe 🇪🇺 | South Africa 🇿🇦 | Switzerland🇨🇭 | India 🇮🇳 | Canada 🇨🇦 | Indonesia 🇮🇩 | Ireland 🇮🇪
FAQs
In which countries is Robinhood available? 🌎
Robinhood is only available to residents of the US, the UK and the EU/EEA countries listed above. This means that if you live in Japan, South Africa, Israel, or any other country, you cannot open an account. You can find Robinhood alternatives worldwide here.
Does Robinhood work in Canada? Can Canadians use Robinhood? 🇨🇦
No, Robinhood only works in the USA, the UK, and Europe. You can find Robinhood alternatives in Canada here.
Does Robinhood work in India? 🇮🇳
No, Robinhood doesn’t work in India.
Does Robinhood work internationally?
Robinhood works on residency, not nationality: you need to live in the US, the UK or one of the supported EU/EEA countries, and each region gets a different product. A US visa or citizenship does not let you open the US product from abroad. You can find Robinhood alternatives for international users here.
Robinhood and the GameStop frenzy: what really happened?
In January 2021, shares of GameStop, AMC and other heavily shorted stocks rose at unprecedented speed. Robinhood then restricted purchases of these stocks for several days, which led to strong criticism from users and a US Congressional hearing.
The reason was collateral. Trades take time to settle, and the clearinghouse asks brokers to deposit collateral based on the volatility and volume of the trades. With so much volatile trading, Robinhood’s deposit requirement jumped to more than $3 billion, so it raised new capital and limited buying in those stocks to meet it. Several other brokers imposed similar restrictions at the time.
Robinhood has also suffered outages during periods of heavy trading and a 2021 data breach that exposed the email addresses or names of millions of customers.
How does Robinhood make money?
Robinhood reports its revenue in three main lines:
- Transaction-based revenue: mostly payment for order flow (PFOF) on options and stock trades, meaning market makers pay Robinhood to route customer orders to them, plus fees on crypto trades and prediction market contracts. PFOF creates a potential conflict of interest, since a broker could route orders to whoever pays most rather than to whoever gives the best price. Robinhood says it routes orders based on execution quality.
- Net interest revenue: interest earned on customers’ uninvested cash, margin loans and securities lending.
- Other revenue: mainly Robinhood Gold, a subscription of $5 a month that adds a higher rate on cash, bigger instant deposits, research and other premium features.
