Despite all the rage and fame it’s gotten over the years, Robinhood isn’t available in Europe, making Europeans all that eager to find the best Robinhood alternative in Europe.
The allure of Robinhood is simple. It is a commission-free trading app that has taken the investment world by storm in the United States. But sadly, it’s not available in Europe. However, don’t despair, as several Robinhood alternatives in Europe are worth considering for investors looking to trade stocks and other securities without paying high fees.
This guide will educate readers on the top Robinhood alternatives for Europe and European investors. So with all that said, let’s begin.
Most Popular Robinhood Alternatives in Europe
You might have heard of some of these Robinhood alternatives or seen one of their advertisements online. However, it’s considered a clever practice to avoid instantly signing up with the first trading platform you come across.
We aim to provide assistance and guidance for our readers. So we’ve done our research and present you with the seven most popular Robinhood alternatives in Europe and the European market.
The Israeli-based investment company has offices registered in Cyprus, the US, and the UK. With two European offices, eToro is one of the most popular European Robinhood alternatives.
eToro is a social trading platform. This means that eToro allows users to copy the trades of other investors. Therefore, it is particularly well-suited for beginner investors looking for a user-friendly interface and educational resources to help them get started. eToro also offers the ability to trade cryptocurrencies and has a large community of investors worldwide.
With the ability to invest in more than 3,000+ assets, it’s no surprise that eToro ranks popular on our list of Robinhood alternatives in Europe.
Another Robinhood alternative in Europe is Trading 212. Trading 212 is similar to Robinhood as it is a commission-free trading app that offers a wide range of financial assets, including stocks, ETFs, and cryptocurrencies.
Trading 212 is particularly popular in the UK and growing rapidly across the continent. It offers a user-friendly interface and a range of educational resources for investors. In addition, trading 212 is a reliable stock-trading platform with one of the highest safety scores for European trading platforms. Therefore, it is a secure and popular Robinhood alternative in Europe.
DEGIRO is an Amsterdam-based brokerage company and another popular Robinhood alternative in Europe. The company is a low-cost broker that offers access to over 50 markets worldwide. Unlike many traditional brokers, DEGIRO offers low fees and a user-friendly interface that makes investing in stocks, bonds, and other assets easy.
DEGIRO also offers a range of tools and resources to help investors make informed decisions. The access to these features, similar to many Robinhood features, makes DEGIRO an excellent European alternative to Robinhood.
Unlike other Robinhood alternatives, Revolut isn’t necessarily a stock-trading online platform. Instead, Revolut is a fintech company and a bank in one. So why does Revolut make our list of Europe’s most popular Robinhood alternatives?
For starters, it’s based in Europe with headquarters in London. Secondly, Revolut does offer commission-free stock trading with access to over 1,500 assets.
What makes Revolut a worthy contender is the fact that it requires no minimum investment. In addition to a range of other financial services, including banking, foreign exchange, and cryptocurrency trading, Revolut has recently become an excellent alternative to Robinhood for European investors.
This UK-based commission-free trading app offers access to over 4,000 US and UK stocks and ETFs. Freetrade offers a user-friendly interface and a range of educational resources to help investors make informed decisions.
Freetrade is a London Stock Exchange member and follows all asset trading regulations. So despite not being an A-list online trading platform and app, Freetrade ticks all safety and security boxes.
Freetrade might not be the best Robinhood alternative for Europeans, but it’s still a wonderful option.
This US-based broker has a strong presence in Europe and offers low-cost trading for stocks, bonds, and other financial instruments. Interactive Brokers also offers investors a wide range of research tools and resources.
Interactive Brokers is a worthy Robinhood alternative in Europe and a fierce US competitor. Therefore, you can expect a similar trading experience when using Interactive Brokers.
This Danish-based online bank specializes in online trading. The bank offers a range of services, including commission-free trading of stocks, ETFs, and other securities.
Saxo Bank also offers a wealth of educational resources and research tools to help investors make informed decisions. Launched in 1992, Saxo Bank is a well-known name among Scandinavian investors and a popular Robinhood alternative in Europe.
Before You Choose A Robinhood Alternative in Europe
It’s important to note that each of these Robinhood alternatives has unique features and advantages, so it’s important to consider your needs and preferences before making a decision.
Therefore, European investors looking for Robinhood alternatives must research each platform to determine if its right for their needs. In addition, investors must be aware of the risks associated with trading and only invest money they can afford to lose.
In conclusion, several Robinhood alternatives available to European investors offer low-cost trading and easy access to financial markets. Whether you prefer a social trading platform, a commission-free app, or a traditional broker, there is an option that will meet your needs.