The Robinhood app is a financial app that was first launched to the general public in 2014. The app was initially made specifically for apple phones and tablets.
The purpose of the Robinhood app was to give customers the freedom to sell and buy stocks without paying someone a commission.The company is currently based out of Menlo Park, California. The company has a good reputation and many users like the app and site it as a great investing tool. Robinhood is also registered with the United States Securities and Exchange Commission.
Robinhood is currently not available in Europe but there are some alternative investing apps available. The best Robinhood alternatives for Europeans are websites such as eToro, Freetrade, and Degiro.
Best Robinhood Alternatives in Europe
The Revolut app is a hugely popular European savings & investing app based in London, UK. You can trade stocks, crypto, and commodities for free using this app.
The eToro app is a European investing app that has recently been approved to operate here in the United States as well. This platform has a very well organized and user friendly website. The companies website states that they currently have at one million users on their platform as of to date. This company makes investing in stocks and exchange- traded funds very simple. This app is definitely considered one of the best Robinhood alternatives for Europeans.
The free trade app is another app that the Europeans are using for there invest vehicle. This app is extremely similar to Robinhood and after looking at the reviews for this app the customers really like using it. The app allows the users to invest free of charge. If you go to the official website for Freetrade you can access their blog. They also offer different account levels for individuals who want to take their investing to the next level. You can also research this app on top financial websites such as Yahoo Finance, Forbes, and the Financial Times.
The third type of Robinhood alternative investing app is Degiro. This app is said to be the fastest growing app in Europe. Degiro is said to be the largest online broker in Europe as well. The company's platform is extremely user friendly and comprehensive. The app is not totally free but the fee that is charged is very very low.