15 Apps Like Robinhood

About Robinhood

Robinhood is a stock brokerage that allows customers to buy and sell stocks, options, ETFs, and cryptocurrencies with zero commission. Its startup offers equity, cryptocurrency, and options trading, as well as cash management accounts. Vladimir Tenev and Baiju Bhatt founded Robinhood back in April 2013. Users can Invest Any Amount with this app. It lets users build a balanced portfolio and trade in real-time. Robinhood charges Regulatory the Transaction Fee $5.10 per $1,000,000 of principal (sells only), Trading Activity Fee $0.000119 per share (equity sells) and $0.002 per contract (options sells), and American Depositary Receipt (ADR) Fees $0.01-$0.03 per share.

Robinhood is popular among millennials. Its easy approach to investment, social media presence, social interactions, and the ability to trade cryptocurrencies have made the platform the best in the class. Robinhood has over 18 million accounts, and it holds $80 billion. The funds you invest on the platform are protected as it is a member of the SIPC.

15 Apps Like Robinhood

Robinhood is one of the most trusted investment apps on the market now. Trading with this app starts as low as $1, which is a great feature. It is easier than most investment apps out there. But, there are many other options to look at. Some of them have more valuable features, like tax-advantaged investment accounts and Mutual Fund Access.

Here, we have listed the Apps Like Robinhood. You will know about the best features, unique selling points, the best uses, and other details of these apps from this list. Let us begin.

1. Webull (Best Overall)

Webull is an electronic trading platform, accessible via mobile app and desktop computer. It offers commission-free trading of stocks, exchange-traded funds, options, margins, and cryptocurrencies. Webull supports full extended hours trading, which includes full pre-market (4:00 AM - 9:30 AM ET) and after-hours (4:00 PM - 8:00 PM ET) sessions. It is easy to use, sleek on mobile, and offers free trades on stocks, options, and cryptocurrency, much like Robinhood. Webull educates investors about the market. It has a unique option that allows you to try out new strategies and learn through the app before trying out an approach with real money. Their charting and other research options are also fairly robust, considering it’s a free platform. Webull has no minimum balance to start with. Webull is avilable for iOS and Android.

2. M1 Finance (Best For Beginners)

M1 Finance is an easy-to-use platform to invest, borrow, and spend with. It is a free automated investing service that offers you a hybrid platform that’s a cross between a traditional investment management service and a Robo-advisor. M1 Finance does not charge a fee for assets under management (AUM). This makes it one of the best investing apps for beginners. With M1 Finance, you can get both traditional investment services, and also receive professional investment decision guidance. M1 Finance is our top choice for sophisticated investors for its unique combination of automated investing with a high level of customization, allowing clients to create a portfolio tailored to their exact specifications. M1 Finance is Available for iOS and Android.

3. E*TRADE (Best For Frequent traders)

E*TRADE is an electronic trading platform to trade financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed-income investments. It offers 250 fee-free ETFs. It is a unique and powerful discount trader and one of the best alternatives to Robinhood. One of the benefits of E*TRADE is the access you receive to educational resources that help teach you how to choose from investing options, conduct analysis, and diversify your portfolio. E*TRADE is best for Frequent traders. It has retirement options like IRAs. So you can invest for the long haul in a tax-advantaged account. avaiulable for iOS and Android.

4. Stash (Best For Micro Investors)

Stash is a personal finance app that simplifies investing. It provides a low-cost, all-in-one financial platform for hands-off investors looking to automate their investing in the background as they spend money and make recurring deposits. It’s easy to use and similar to Robinhood in the way it’s designed. You can buy stocks and ETFs with Stash. Stash is excellent for beginners because you’ll get the investment app, banking options, like checking and savings, as well as a debit card. Stash aims to make investing approachable for beginners. The service has a $5 account minimum and charges $1 to $9 a month, depending on what services and account types you are looking for. Stash is available for iOS and Android.

5. Acorns (Best For Save And Invest)

Acorns are built to facilitate commission-free micro-investing in a diversified portfolio of index funds offered by the world's largest asset managers. Acorns is a different product from Robinhood as it’s mostly focused on long-term savers. It works as Robo-advisor, a savings account, also full-service brokerage. It offers three tiers of service for three different flat monthly fees. You can choose to invest a certain amount to invest or the app connects to a credit or debit card, monitors your purchases, and rounds the amount up to the nearest dollar figure, and invests it in the app. One of the pros of acorn according to Forbes is it is risk-appropriate with low-cost investment portfolio options. Acorns pricing starts with the $3 per month Personal plan. This app is available for both iOS and Android.

More Apps Like Robinhood

  • 6. Betterment
  • 7. Gemini
  • 8. Charles Schwab
  • 9. Tradier
  • 10. Public.com
  • 11. Unifimoney
  • 12. eToro
  • 13. TDAmeritrade
  • 14. Moomoo
  • 15. Public
  • Thanks for reading.