Mitja Rutnik / Android Authority
Robinhood is loved by many, but the app has received its fair share of criticism over the years. Some have accused the company of using game-like features within the app that may result in risky trading behavior. It’s not the only broker that does this, though. Gamifying the investment process makes it look less daunting and more fun, which is a great way to attract new customers.
Robinhood also came under public scrutiny years ago when it imposed trading restrictions during the meme stock frenzy, a move that many of its clients took to heart.
If you’re looking for a Robinhood alternative — for any reason at all — you’ve come to the right place. To help you decide, I’ve outlined the five best alternatives worth downloading to your Android phone.
What is the best Robinhood alternative? 11 votes IBKR 18 % Webull 9 % Fidelity 36 % eToro 18 % Charles Schwab 18 % Other (let me know in the comments) 0 %
Interactive Brokers
Mitja Rutnik / Android Authority
Best for: Experienced and global investors
This is the broker I’ve used for the last five years, and I couldn’t be happier with it. It gives me access to over 160 global markets, making it easy to invest in stocks, bonds, futures, and other financial products.
To a point, it’s the opposite of Robinhood. It doesn’t gamify the experience at all, and its flagship desktop trading platform is aimed at more advanced users, making it a bit daunting for beginners. However, it does have a scaled-back and more modernly designed platform that appeals to the new generation. The app itself gets the job done and offers all the data I need, but it’s a bit old-school in its approach.
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