Robinhood Alternatives: for 2024
This alternatives to Robinhood guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Robinhood to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Robinhood like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their users. If you feel that Robinhood is not quite right for you then it would be worth getting a demo account with a lot of the best Robinhood alternatives and check if they are a better fit for you before moving any money around.
The most in depth guide to Robinhood alternatives online
There's many reasons Robinhood may not be a good fit for your trading needs. For whatever reason you are looking for the top Robinhood alternative or Robinhood competitor with better services, we try to give you as much helpful information so you can make an informed choice. Below you will find the top Robinhood alternatives.
For each of the below alternative to Robinhood, we also highlight the key differences to Robinhood and for each platform feature show you the best competitors. For every Robinhood alternative online broker shown we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with Robinhood, discover some great alternative brokersbrokers|online trading platforms|brokerages.
Having a reputable and dependable trading platform is crucial to your trading success. All of the Robinhood alternative platforms shown in this Robinhood alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
Robinhood has a minimum desposit of $0, you can check how the minimum deposit requirements of Robinhood compare with the minimum deposit requirements of Robinhood competitors. Brokers offer lower minimum deposits to get traders to test them out, but having higher a minimum deposit isn’t always a bad thing, it all depends on your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Robinhood |
$0 | |
| freetrade |
$0 | |
| ThinkMarkets |
$0 | |
| Spreadex |
$0 | |
| XTB |
$0 |
Alternatives Offering Virtual Portfolio Accounts
Robinhood offers virtual portfolio accounts so you can learn their systems before risking any real capital. New traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.
Below we detail some of the best alternatives to Robinhood that has virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Robinhood |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Robinhood doesn't provide negative balance protection. If your balance is negative, Robinhood indicates that you contact client services. Then you are able to correct any imbalances within your own account.
Below we detail some of the best alternatives to Robinhood that have negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Robinhood |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Robinhood provide a guaranteed Stop Loss order.
When there's absolutely no free margin left together with the client, Robinhood will stop your positions. If the losses in the ceased out position exceeds your account balance, you might experience a negative account balance.
Below we detail some of the best Robinhood alternatives that have guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Robinhood |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Robinhood do permit scalping. Many traders across the world choose Robinhood for their services that are trading. They offer trading on Web Trader, Tablet & Mobile apps which allow this.
Below we show some of the top alternatives to Robinhood that allow scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Robinhood |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Robinhood do permit hedging. Several traders throughout the world select Robinhood due to their large range of services. They offer trading on Web Trader, Tablet & Mobile apps.
Below we detail some of the best alternatives to Robinhood that allow hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Robinhood |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Robinhood offers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we detail some of the best Robinhood alternatives that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Robinhood |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Robinhood's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of social trading.
Below we show some of the best alternatives to Robinhood that offer copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Robinhood |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Robinhood To All Other Brokers