Top Robinhood Alternatives for Smart Investors
Robinhood has revolutionized stock market investing with its zero-commission trading, making it accessible to a new generation of investors. However, while its simplicity is appealing, many users seek platforms with more advanced features, broader investment options, or different philosophies. If you're looking to diversify your trading tools or find a platform that better suits your evolving investment needs, exploring a robust Robinhood alternative is a smart move.
Top Robinhood Alternatives
Whether you're a seasoned trader or just starting, there's a Robinhood alternative out there designed to fit your unique investment style. Let's dive into some of the best options available.
MetaTrader
MetaTrader is a world-leading multi-asset platform that allows trading Forex, Stocks, Futures, and CFDs. Available for Free on Windows, Web, Android, iPhone, Android Tablet, iPad, and Wine, it offers robust features like Automated Trading, Price alerts, Algorithmic trading, Charts, and Fundamental analysis, making it an excellent Robinhood alternative for serious traders.
eToro
eToro stands out as a social investment network, connecting traders globally to share insights and strategies. Available for Free on Web, Android, and iPhone, eToro is a compelling Robinhood alternative for those who value community and collaborative investing.
Protrader
Protrader is a professional multi-asset trading platform offering an extensive environment for forex, options, stocks, futures, and CFDs. This Free platform, accessible on Windows, Web, Android, and iPhone, provides Automated Trading, Futures trading, and Options trading, making it a powerful Robinhood alternative for diverse market access.
Seeking Alpha
Seeking Alpha keeps you informed with market-moving news and analysis on the stocks you follow. Available for Free on Web, Android, iPhone, Android Tablet, and iPad, it features Stock Charts, Watchlists, Business Intelligence, News aggregation, and Portfolio tracking, serving as an excellent Robinhood alternative for research-driven investors.
PTMC
PTMC | Protrader Multi-Connect caters to professional and retail day traders and investors for stocks, options, futures, forex, ETFs, and OTC trading. This Commercial platform, available on Windows and Web, offers Automated Trading, Customizability, Futures trading, Options trading, and Volume analysis, making it a comprehensive Robinhood alternative for active traders.
thinkorswim
thinkorswim, by TD Ameritrade, is an advanced trading platform offering a holistic trading experience. This Free Personal platform is available on Mac, Windows, and Linux, focusing on robust trading functionalities, making it a strong Robinhood alternative for those seeking in-depth tools.
MarketWatch
MarketWatch provides comprehensive stock market quotes, business news, and financial news from a leading provider. Accessible for Free on Web, iPhone, and iPad, it offers Business Intelligence, Charts, Graphs, and Portfolio features, making it a valuable Robinhood alternative for staying informed.
TD Ameritrade
TD Ameritrade combines innovative trading technology, user-friendly tools, investment services, and education. Available as Freemium on Windows, Web, Android, iPhone, Android Tablet, and iPad, it offers strong Investment and Portfolio features, serving as a comprehensive Robinhood alternative.
Sierra Chart
Sierra Chart is a professional Trading platform for financial markets, supporting Manual, Automated, and Simulated Trading. This Freemium platform for Windows offers Automated Trading, Futures trading, Options trading, and portability, making it a robust Robinhood alternative for dedicated traders.
DEGIRO
DEGIRO is Europe's rapidly growing online stock broker, known for its extremely low trading commissions. This Free platform, available on Web, Android, and iPhone, is an excellent Robinhood alternative for cost-conscious investors, especially in Europe.
Matador - Stock Trading with Friends
Matador for iPhone and iPad enables users to make and share investments, get inspired by fellow traders, and learn about the stock market. This Free social app is a unique Robinhood alternative for those who enjoy collaborative learning and trading.
The Motley Fool
The Motley Fool offers stock information and investing advice. Available as Freemium on Web, Android, and iPhone, it features top financial news stories and sector coverage, making it a strong Robinhood alternative for investment insights.
Interactive Brokers
Interactive Brokers is a deep discount electronic access broker offering online trading of Stocks, Options, Futures, and Forex. This Commercial platform, available on Web and iPhone, provides Business Intelligence, Investment, and Portfolio management, serving as a comprehensive Robinhood alternative for active and professional traders.
AmiBroker
AmiBroker is a professional tool for individual investors, featuring an advanced formula language for indicators and trading systems, comprehensive back-testing reports, and filtering. This Commercial Windows-only platform offers Backtesting, Exchange, Portfolio, and Trading functionalities, making it a powerful Robinhood alternative for analytical investors.
Morningstar
Morningstar, Inc. is a leading provider of independent investment research. Available for Free on Web, Android, iPhone, Android Tablet, and iPad, it offers Business Intelligence, Charts, Graphs, and Portfolio tracking, making it an excellent Robinhood alternative for research-oriented investors seeking reliable data.
CityFALCON
CityFALCON aims to democratize access to financial news. Available for Free on Mac, Windows, Web, Windows Mobile, Android, iPhone, Android Tablet, Windows Phone, and iPad, it offers real-time news, REST API access, and integrations with Alexa and Google Home, making it a unique Robinhood alternative for news junkies.
AlphaStreet
AlphaStreet helps reduce the complexity and friction involved in investment decisions. This Free platform, available on Web and iPhone, fosters a social network for investors, making it a collaborative Robinhood alternative for simplifying investment insights.
X OPEN HUB
XOH Trader is a complete, multi-asset trading platform designed for brokerages, empowered with MAM, social trading, and binary options capabilities. This Commercial platform is accessible on Mac, Windows, Linux, Android, iPhone, iPad, and Android Wear, offering a robust trading platform, making it a powerful Robinhood alternative for sophisticated trading needs.
ProRealTime
ProRealTime offers online trading, charting, and technical analysis of stocks, futures, forex, and commodities. This Freemium platform is available on Mac, Windows, and Linux, featuring Automated Trading, Stock screener, and a comprehensive Trading platform, making it a versatile Robinhood alternative for analytical traders.
Ultimately, the best Robinhood alternative depends on your individual investment goals, experience level, and preferred trading style. Explore these options to find the perfect fit for your financial journey.