You have probably heard about the Robinhood app on YouTube and want to know if it’s available in Switzerland, 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, alongside its biggest rivals, Webull, E-Trade, and TD Ameritrade.
Want to know if Robinhood is available in Switzerland, its expansion plans, and the alternatives available for Swiss users? We’ve got you covered!
Is Robinhood Available in Switzerland (Schweiz)?
No, Robinhood does not work in Switzerland yet.
Robinhood launched in the UK in early 2024, and also expanded to most countries in the EU with Robinhood crypto:
For Swiss investors, there is no deadline as to when Robinhood will be available. Below, we cover alternatives:
Robinhood Alternatives in Switzerland
- Interactive Brokers: Best overall
- eToro: Best for commission-free investing and social trading
- Trading 212: Best for beginners and interest. New users get a free share
51% of retail CFD accounts lose money.
When investing, your capital is at risk.
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, 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 diligence about the best-suited services and opportunities for their risk, returns, and impact strategy.
Happy investments!
Other FAQs about Robinhood
Can I use Robinhood from Switzerland with a VPN?
No, Swiss investors cannot use a VPN to open a Robinhood account. Upon account opening, Robinhood requires specific documentation that proves that you are a US citizen.
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.
