Robinhood is one of the most popular brokerage firms in the US. It’s easy to sign up, simple to use and has some of the lowest trading costs among brokers.
Many who use Robinhood love it for its engaging and user-friendly interface, commission-free trading across all its products and accessibility for beginners. Others dismiss it because of concerns about its reliability and transparency, limited investment options and lack of advanced trading tools.
Robinhood’s got a lot going for it, but it’s not right for everyone. No broker is.
Whatever your motivation for wanting to explore different trading platforms, we have a list of apps like Robinhood that you need to check out.
Why it's a good alternative for beginners: For its user-friendly interface, commission-free trading, complimentary advisory services and IRA match.
Like Robinhood, SoFi Invest offers commission-free trading for stocks, exchange-traded funds (ETFs) and options, with no options contract fees, making it a cost-effective choice for beginners. Additionally, SoFi Invest now provides a 1% IRA match on contributions, further enhancing its appeal. It's not the 3% match you get with Robinhood Gold, but it's something.
Its platform is designed to be intuitive and easy to navigate, making it accessible for those new to investing. It also features an extensive collection of educational content to help novice investors learn investing basics.
But what sets SoFi Invest apart is its free robo-advisor, perfect for those who prefer a hands-off approach. Between this and its complimentary consultations with certified financial planners, SoFi Invest provides a level of free advisory services unmatched by other brokers.
Pros
Beginner-friendly trading platform
$0 commission stock, option and ETF trades, with no options contract fees
Free robo-advisor
Complimentary access to SoFi's certified financial planners
Why it's a good alternative for options trading: For its low fees, powerful tools and insightful data.
Moomoo is one of the most capable trading apps on the market, offering advanced, customizable charting and free access to professional-grade tools such as analyst ratings, real-time Level 2 market data and short sale analysis. Choose from over 63 indicators and 38 drawing tools or customize technical indicators with over 190 pre-set functions.
The app also supports 13 options strategies and lets you customize options chains — all this on Moomoo's user-friendly mobile app. Additionally, Moomoo provides a dedicated desktop trading platform and paper trading feature, letting you practice and test your strategies before going live.
Like Robinhood, Moomoo offers commission-free trading for stocks, ETFs and options, with no equity options contract fees, making it an attractive choice for cost-conscious traders.
Pros
Commission-free stock, ETF and options trades, with no equity options contract fees
Paper trading with $1 million in virtual currency
Advanced trading tools and features on an intuitive trading platform
New, qualified customers can earn up to 8.1% APY for three months
Low margin rates
Cons
Limited tradable assets
No robo-advisor
Limited account types, with no IRAs
Available asset types
Stocks, Options, ETFs
Account types
Brokerage
Minimum deposit
$0
Signup bonus
Choose a 1.5% match or up to 15 free fractional shares
Cash sweep APY
Up to 8.10%
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Choose a 1.5% match or up to 15 free fractional shares
Why it's the best for advanced options trading: For its advanced options trading tools and access to and competitive trading fees on options, futures, options on futures, options on micro futures and smalls futures options.
Tastytrade is a strong alternative to Robinhood for options trading, offering comprehensive and sophisticated trading tools tailored specifically for derivative traders. The platform features advanced analytics, customizable charting and extensive educational resources to help users grasp options trading strategies and market dynamics.
Primarily designed for derivatives trading, Tastytrade provides an impressive array of trading products and some of the industry's best pricing on options and futures contracts. Additionally, stocks and ETFs are commission-free, and options have no closing commissions.
Pros
Highly customizable trading platform
Extensive lineup of tradable derivative assets
Competitive options fee structure
Helpful educational resources and live programming
Why it's a good alternative for options fee rebates: For paying $0.06–$0.18 per options contract traded.
Public offers a unique feature not found with any other broker we review: rebates on options trades.
Like Robinhood, Public provides a user-friendly trading platform with commission-free stock, ETF and options trading, and no per-contract fees. However, what sets Public apart is its option trading rebate program, where you can earn $0.06 to $0.18 per contract traded. This means that even after mandatory regulatory fees, you can potentially earn money on each contract.
The platform also includes an options strategy builder, allowing you to trade long calls, long puts, covered calls and cash-secured puts while visualizing your potential profit and loss outcomes.
Pros
Earn rebates on options contracts
$0 options commissions and per-contract fees
Invest in traditional and alternative assets
High-yield cash account pays 5.1% APY as of July 2024
Cons
Best tools and features are reserved for Public Premium members for $8 a month
Why it's a good alternative for stock analysis: For its advanced research and analysis tools and intuitive mobile app.
Webull's versatile yet user-friendly trading app offers an array of powerful tools for on-the-go traders without complicating the experience.
Its trading features include customizable filters, over 10 different order types and advanced charts with drawing tools, more than 50 indicators and over 60 on-chart technical signals. Analyst ratings and price targets, a quant rating for stock evaluation and technical summary scores provide quick overviews of stock activity. While other brokers offer similarly powerful analysis tools, few deliver them through an intuitive mobile app like Webull's.
Additionally, Webull's learning center boasts over 500 courses, and its paper trading feature lets you hone your trading skills with virtual money.
While Robinhood's a solid choice for beginner to intermediate traders and investors, Webull's app covers the full spectrum of trading needs.
Pros
User-friendly interface with in-depth analysis tools
Commission-free stock, options and ETF trades, with no options per-contract fees
Why it's a good alternative for advanced trading: For its popular thinkorswim platform and top-tier research and analysis tools.
Charles Schwab isn't just a good alternative to Robinhood for advanced trading because of Robinhood's limited tools — though they are limited. With its acquisition of TD Ameritrade, Schwab now offers one of the most popular professional-grade trading platforms: thinkorswim.
This fully customizable platform includes elite trading tools such as advanced charts with over 400 technical studies, backtesting strategies, free Level 2 quotes, scanners and alerts. If you're seeking a comprehensive trading platform, Schwab's a clear choice.
Additionally, Schwab provides a range of investment options, including stocks, options, futures, mutual funds and ETFs, supporting diversified and complex trading strategies. Combined with competitive pricing, low fees and reliable customer service, Schwab stands out as an attractive option for advanced traders seeking a professional and feature-rich trading environment.
Why it's a good alternative for simple investing: For its click-to-invest approach to investing.
Block's Cash App is exceptionally beginner-friendly. The app is designed for swift financial transactions, letting you buy and sell stocks and ETFs for as little as $1, gift stocks to family and friends and even explore cryptocurrency with bitcoin.
Simple charts, company news, key statistics, financials, earnings reports and analyst opinions help you make informed investment decisions quickly and effortlessly.
Why it's a good alternative for social trading and investing: For its social community and CopyTrader program.
eToro's app doesn't skimp on features, offering TipRanks-powered analyst ratings and price targets, hedge fund activity, insider transactions and advanced charts — all within an easy-to-use interface. Stocks and ETFs trade commission-free and options are free of both commissions and per-contract fees.
What truly sets eToro apart is its unique blend of cutting-edge technology and social networking, which has popularized social investing and fostered a dynamic community of traders and investors. A standout feature is CopyTrader, which lets you leverage the expertise of other eToro users by automatically tracking and replicating their crypto trades in your portfolio and even earn money when others copy you.
While CopyTrader is currently only available for crypto, it remains a defining feature that distinguishes eToro in the market.
Pros
$0 commission stock, ETF and options trades, with no per-contract fees
Why it's a good alternative for spare-change investing: For its micro-investing feature.
While Robinhood offers Round-ups, allowing you to round up your Robinhood Cash card transactions to the next dollar and invest the spare change, it's not the only platform with this feature.
For a more automated version of spare-change investing, Acorns's Round-Ups is worth considering. By linking all your credit or debit cards, Acorns will set aside your spare change from every purchase and invest it once your balance reaches at least $5.
Additionally, as a robo-advisor, Acorns provides automatic recurring investments, portfolio rebalancing and dividend reinvesting, ensuring a hands-off, streamlined investing experience.
Pros
Invest your spare change automatically
Automated stock and ETF investing
Multiple investment account options
Beginner-friendly app with educational resources
Customize your portfolio with individual stocks with Acorns Premium
Why it's a good alternative for market insights and research tools: For its extensive array of resources and analytical capabilities.
E*TRADE provides complimentary, comprehensive market research from reputable third-party sources like Thomson Reuters, Morningstar and Market Edge, offering investors high-quality analysis and reports at no additional cost. In contrast, while Robinhood offers Morningstar research, these reports are limited to select stocks and require a $5 monthly membership to Robinhood Gold.
E*TRADE's platform features advanced charting tools, real-time data and customizable screeners to help users identify investment opportunities and track market trends effectively. Additionally, E*TRADE's dedicated 'Markets' section in its app highlights market performance, market movers, upcoming earnings, futures quotes, today's news and live BloombergTV.
This combination of robust research tools and educational resources makes E*TRADE a superior choice for investors seeking in-depth market insights and analytical capabilities.
Pros
Comprehensive market news
Research reports from Argus, Morgan Stanley, Reuters Global and other top-tier research providers
Why it's a good alternative for a range of investment options: For its extensive lineup of tradable assets.
Interactive Brokers offers an extensive selection of assets beyond the stocks, options, ETFs and crypto Robinhood offers. With Interactive Brokers, trade stock, options, ETFs, crypto, futures, forex, bonds, mutual funds, certificates of deposit (CDs) and precious metals. Additionally, Interactive Brokers offers unmatched global access and international investment options.
This broad array of investment choices enables investors to diversify their portfolios more effectively and access global markets with ease.
Moreover, Interactive Brokers offers advanced trading tools and a highly customizable platform that caters to both novice and professional traders. Its competitive pricing structure and tiered commission model further enhance its appeal, making it a versatile and comprehensive platform for those seeking a wide variety of investment opportunities.
Pros
Wide range of investment options
Global market access
Numerous trading platforms
$0 commission stocks and ETFs
Cons
Cash sweep only available to Pro accounts
Live chat rarely works
Need a $10,000 balance to earn interest on your cash
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
How to transfer your brokerage account
If you’re switching brokers, the account transfer process can vary depending on your current broker and your new one. Keep in mind that your current broker may charge a $50 to $100 fee to transfer funds and close your account. Most brokers use the Automated Customer Account Transfer Service (ACATS), so you can generally expect to go through the following process.
You fill out a transfer initiation form with your new broker.
Your current broker validates your form or notifies you of next steps within three business days.
Your old broker completes the transfer process and moves your funds within six business days.
Compare trading platforms
Compare brokers by available assets types, stock trade fee, minimum deposit, cash sweep APY and signup bonus. Select Go To Site to sign up for an account, or select More Info to read our comprehensive review.
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Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio
Matt's expertise
Matt has written 184 Finder guides across topics including:
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