Skip to main content

Is Robinhood available in Switzerland in 2024? Alternatives

Pedro Braz| Updated March 21st, 2024

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 (unfortunately, Robinhood is not yet available outside the US and the UK).

It has opened in the UK in early 2024 and opened their crypto service in the European Union (Switzerland is not included).

Robinhood account opening – Robinhood doesn’t work in Switzerland

Robinhood Alternatives in Switzerland

  1. Interactive Brokers: Best overall
  2. eToro: Best for commission-free investing and social trading
  3. Trading 212: Best for beginners and interest. New users get a free share
Is Robinhood available in Switzerland in 2024? Alternatives 1

#1 Best overall trading platform in Europe

Min. deposit of 0€
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
View BrokerIs Robinhood available in Switzerland in 2024? Alternatives 2Read review
Interactive Brokers summary

IBKR is a leading global online broker which provides an advanced trading platform, a large selection of tradable securities, and low fees. It also launched IBKR GlobalTrader.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.Interest on uninvested cashEUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)
Products and MarketsStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds.
Is Robinhood available in Switzerland in 2024? Alternatives 3

#2 Best for commission-free investing and social trading

Min. deposit of $50 (varies between countries)
$0 for stocks and some ETFs
Demo account
View BrokerIs Robinhood available in Switzerland in 2024? Alternatives 2Read review
eToro summary

The leading social trading platform with 30M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFCA, CySEC and ASIC.Interest on uninvested cashUp to 5.3% in USD
Products and MarketsStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies.

76% of retail CFD accounts lose money.

Is Robinhood available in Switzerland in 2024? Alternatives 5

#3 Best for beginners

Free share bonus with code ``IITW``
Commission-free investing
High interest on uninvested cash
View BrokerIs Robinhood available in Switzerland in 2024? Alternatives 2Read review
Trading 212 summary

Trading 212 is an online broker that lets you trade stocks, ETFs, and CFDs. It offers commission-free trading and a robo-advisor feature. Free share worth up to €100 with the Trading 212 promo code: “IITW”.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFCA, CySEC and FSC.Interest on uninvested cashEUR: 4.20%; USD: 5.10%; GBP: 5.00%
Products and MarketsReal Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.

Investing involves risk of loss.

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.

Pedro Braz
Co-Founder & Growth Manager

Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.

linkedin