Skip to main content

Robinhood Netherlands: Expansion Plans and Alternatives for 2024

Franklin Silva| Updated March 15th, 2024

You have probably heard about the Robinhood app on YouTube and want to know if it’s available in the Netherlands, right?

Robinhood is a modern and easy-to-use investment app from the US, which has introduced the concept of commission-free trading in financial products such as stocks and ETFs.

Want to know if the Robinhood app is available in the Netherlands, its expansion plans, and the alternatives available in Nederland? We’ve got you covered!

What is Robinhood?

Robinhood was founded in 2013. Since then, it has played a major role in disrupting the brokerage industry by allowing US retail investors to trade with no commissions, alongside its biggest rival, Webull. Robinhood is a commission-free online broker offering the possibility of trading stocks, ETFs, options, and cryptocurrencies.

The results are clear: over 23 million users! The competitors of Robinhood have been monitoring this exponential growth closely, and some major well-established brokers in the US, such as E-TradeTD Ameritrade, and Charles Schwab, announced in quick succession that they were eradicating trading fees. 

Is Robinhood Available in the Netherlands?

Yes, Robinhood is available in the Netherlands, but only for cryptocurrencies trading.

Earlier this year, Robinhood has launched its cryptocurrency trading service in the European Union, marking a milestone in its international expansion.

This new offer allows users to buy, sell, and hold more than 25 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Cardano, Solana, and Polkadot, among others.

Robinhood in the Netherlands – Crypto account

With the commitment to add more cryptocurrencies and features such as transfers and “staking” in 2024, Robinhood promises to be a safe and low-cost platform for cryptocurrency trading in the EU.

This means that if you live in the Netherlands, you will not be able to open an account to invest in stocks, but only in cryptocurrencies:

Robinhood account opening – Robinhood works in the US & the UK

Robinhood Alternatives in the Netherlands

To help us answer this question, we focused on low-cost online brokers available in the Netherlands. Given that, here are our suggestions:

XTB

It allows you to invest in CFDs, cryptocurrencies, and forex with low fees. At first sight, it stands out due to the more complex interface and the comprehensive analysis tools, but after some days, you will get used to it! It also boasts a massive selection of educational tools.
Disclaimer: 81% of retail CFD accounts lose money.

eToro

With over 30 million users, eToro is the leading social investing platform (copy and follow other traders/investors). It offers commission-free stock trading.
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.

BUX

a recent broker that offers commission-free stocks, ETFs and cryptos trading in the Netherlands. Very transparent and regulated by top-tier AFM. New users will receive one free share worth up to €200.
Disclaimer: Investing involves risks. You can lose your deposit.

DEGIRO

One of the leading online brokers in Europe due to its low-cost structure and wide range of products and markets covered. If offers commission-free ETF trading (external fees apply).
Disclaimer: Investing involves risk of loss.

All the companies mentioned here are regulated and/or registered by the Dutch Authority for the Financial Markets (AFM).

1# XTB

XTB Review - XTB Logo
Visit XTBRobinhood Netherlands: Expansion Plans and Alternatives for 2024 1

76-85% of retail CFD accounts lose money.

XTB at a glance

0% Commissions
Mobile App
ProductsCFDs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit0€
RegulatorsCySEC, FCA, KNF, CNVM, and IFSC

Founded in 2002, XTB presents itself as a market player with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) and listed on the Warsaw Stock Exchange. The platform offers 0% commissions on stocks. However, its software is more oriented to CFDs and forex trading with competitive costs compared to its competitors.

XTB also offers other financial products such as commodities and cryptocurrencies. XTB charges high commissions on CFDs of cryptocurrencies but low costs for Forex. Besides, you will face an inactivity fee of 10€/month after one year of non-trading and if you have not made any deposit in the last 90 days. Opening an account and transferring money is a quick and hassle-free process (demo account available).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.  81% of retail investors accounts lose money when trading CFDs with this broker. It is important to understand how CFDs work and the risks involved in trading, like losing all the invested capital.

2# eToro

etoro logo
Visit eToroRobinhood Netherlands: Expansion Plans and Alternatives for 2024 1

76% of retail CFD accounts lose money.

eToro at a glance

0% Commissions(Stocks and ETFs)
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$50
RegulatorsCySEC, FCA, and ASIC

Founded in 2006, eToro is a well-known worldwide fintech startup and the leader in the social trading field (follow other people’s trades), with over 30 million users worldwide. You can also invest in other products through their platform, which is intuitive and simple to use, making it a good choice for beginners. Plus, they have started offering commission-free stock and ETF trading in Europe (not all ETFs are commission-free).

Opening an account and depositing is easy, and you can even try it out with virtual money. On the downside, spreads can be high for some products. The only currency accepted is the USD, which means that you’ll be charged currency conversion fees upon deposit and withdrawal if you deposit in another currency. For more information, read our review of eToro in the Netherlands.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

3# Interactive Brokers

interactive brokers logo
Visit Interactive BrokersRobinhood Netherlands: Expansion Plans and Alternatives for 2024 1

Interactive Brokers at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs, Bonds, Forex, Funds, Commodities, Options, Futures and CFDs
Minimum deposit0€
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker which surpassed major financial crises, showing resilience and a rigorous risk management process.

Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, cryptocurrencies, futures, bonds, and currencies) from 150 markets, solid trade execution (Smart routing), and a set of technical and fundamental tools to help you in your investment decisions.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. That´s why we mainly endorse it to more advanced traders. Besides, the customer service gives crystal clear answers to your doubts, so there is no need to go back and forth.

On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy but fully online, and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, demo account, and more.

Want to know more about Interactive Brokers? Check our Interactive Brokers Review.

4# BUX

bux-logo
Visit BUXRobinhood Netherlands: Expansion Plans and Alternatives for 2024 1

BUX at a glance

0% Commissions
Mobile App
ProductsStocks and ETFs
Minimum Deposit0€
RegulatorsAFM

BUX is an online broker launched in 2019 that has positioned itself as an affordable way for Europeans to increase their savings. It brings a simple and elegant way to start investing. 

It allows users to trade US and EU stocks (Dutch, German, Belgian, French, and Austrian) and 30+ ETFs, completely commission-free. New users will also benefit from one free share worth up to €200 (terms available on P.30 of the BUX Client Agreement). You also have access to fractional investing, making it easy to invest in companies with big share prices (Amazon, Tesla, Alphabet,…) starting for as little as €10.

In addition, crypto trading is also available for free! Investors can trade Bitcoin, Ethereum, Litecoin, among other cryptocurrencies.

Another great point for BUX is that it is very transparent: it has no hidden fees, and if you want to benefit from more premium services such as market or limit orders, it’ll cost you 1€ (all of that is available in the pricing page).

On the downside, the only place to trade is its mobile app (no desktop or web trading platform available), the products available are limited and it has no demo account.

BUX is regulated by the Dutch Authority for Financial Markets (Autoriteit Financiële Markten – AFM). If you want to learn more, check out our BUX Review.

5# DEGIRO

DEGIRO logo
Visit DEGIRORobinhood Netherlands: Expansion Plans and Alternatives for 2024 1

Investing involves risk of loss.

DEGIRO at a glance

0% Commissions(a €1.00 flat handling fee applies)
Mobile App
ProductsReal Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds, and Warrants.
Minimum Deposit€1
RegulatorsAFM; DNB; FCA; FI

Founded in 2013, DEGIRO is a low-cost brokerage firm that has become very popular due to its low rates! With over 2 million users, the innovative platform has become widely known for its “do-it-yourself” philosophy in the sense that you have everything at your disposal to start investing on your own. It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products (not quite the same as CFDs. More info here).

For instance, you can trade some ETFs for free (a €1.00 flat handling fee – external costs – still apply) with no minimum amount required. The web trading platform is basic, but it is efficient and straightforward to use. In a matter of minutes, you get used to it. The same applies to its mobile app. On the downside, there is an absence of any significant fundamental research, a €2.50 connectivity fee applies, and pricing alerts are missing.

Regarding security, DEGIRO is the Dutch branch of flatexDEGIRO Bank AG (a German-regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our DEGIRO Review!

Which platform should you choose?

Some factors you should know when choosing an online broker are the fees charged, if it is regulated by top-tier institutions such as the FCA in the UK, BaFin in Germany, AMF in France, or AFM in the Netherlands, the range of products it allows you to trade (not all platforms allow you to trade EU stocks), among others.

The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!

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.

Hope we helped, and leave your comments below.

Happy investments!

Other FAQs about Robinhood

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 Robinhood for 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.

Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

linkedin
youtube