Top 8 Apps Similar to Robinhood for 2025

Searching for investment apps like Robinhood? Discover the best alternatives that offer unique features for traders and investors.

Best Robinhood Alternatives 2025

Disclaimer: This post includes affiliate links, meaning I earn a commission from qualifying purchases at no extra cost to you. Every product mentioned has been researched and personally tested. Thank you for supporting this blog! Read more about our policy here.

What to Look for in a Robinhood Alternative

When looking for a Robinhood alternative, there are several things to consider. These will help you find a platform that meets your investment needs and is better overall.

Key Features

1. Low Trading Fees: One of the main reasons people look for alternatives is to find platforms with low or no trading fees. Look for ones that offer free trades for stocks, ETFs and options to get the most out of your money.
2. User Friendly Interface: A user friendly interface is key to navigating the platform and executing trades. Go for platforms with clean and simple designs that make trading easy.
3. Advanced Trading Tools: For advanced traders, having access to technical indicators, real time market data and other advanced tools is a must. These will help you with your trading strategies and decision making.
4. Investment Options: Diversification is key to a solid investment portfolio. Choose platforms that offer a wide range of investment options, stocks, ETFs, mutual funds and options to meet your investment needs.
5. Account Minimums: Check the account minimums to open or maintain an account. Some platforms have low or no minimums so it’s accessible to more investors.
6. Account Fees: Be aware of any account fees, annual or inactivity fees. Platforms with low or no fees can save you money in the long run.
7. Customer Support: Good customer support is key especially when you encounter issues or have questions. Look for platforms that offer 24/7 support through phone, email and live chat.

User Experience

1. Mobile App: In today’s fast pace world, being able to trade on the go is a must. Make sure the platform has a good mobile app that allows you to manage your investments anytime, anywhere.
2. Desktop Trading Platform: For those who prefer trading on a bigger screen, a desktop trading platform with advanced tools and features is a must. This will give you a more comprehensive trading experience.
3. User Reviews: Before committing to a platform, check user reviews and ratings. These will give you an idea of the platform’s overall user experience and reliability.
4. Education and Resources: Continuous learning is crucial in the ever-evolving stock market. Look for platforms that offer educational resources and tools to help you improve your trading skills and stay informed about market trends.

Overview of Top Robinhood Alternatives

Finding the best Robinhood alternatives involves understanding what each app offers in the stock trading market. Here’s a quick overview of the top investing apps like Robinhood and what they’re best for:

• Best for Intermediate Traders: Webull
• Best for Beginners: SoFi Invest
• Best for Advanced Traders: Moomoo
• Best for Hands-Off Investors: Acorns
• Best for Crypto Trading: Coinbase
• Best for Social Investing: Public.com
• Best for Global Users: eToro
• Best for Long-term Investors: Empower

Webull — Best for Intermediate Traders

Webull Logo

Learn More — Webull

Price: Webull offers commission-free trading for stocks, ETFs, and options with no account minimums, making it an affordable option for beginners and experienced traders alike.

Pros:

• Commission-free trading on stocks, ETFs, options, and cryptocurrencies.
• Robust charting tools and technical indicators as part of the platform.
• Extended trading hours (4:00 AM to 8:00 PM ET).
• Full-featured mobile and desktop platforms.
• Free real-time market data (which includes level 1 data).
• Paper trading for practice without risk.

Cons:

• Limited educational resources compared to competitors.
• No mutual funds and limited bonds available.
• Customer service can be slow to respond.

Webull is a great choice for those who need more powerful analysis tools without commissions. That’s where its comprehensive charting capabilities and extended trading hours come in. But if you’re new to trading, you may find the platform’s learning curve a bit steep. (That’s where some of the other platforms I’ll mention shine.) Webull’s technical analysis tools and competitive pricing structure are definite strengths. However, it does lack some investment options like mutual funds.

Rating:

• Price: 5/5
• Design: 4/5
• Functionality: 4.5/5
• User Experience: 3.5/5

SoFi Invest — Best for Beginners

SoFi Logo

Learn More — SoFi

Price: SoFi Invest offers commission-free trading for stocks and ETFs with no account minimums, along with free automated investing, making it an affordable option for both active traders and passive investors.

Pros:

• Commission-free stock and ETF trading.
• No account minimums.
• Fractional shares available (“Stock Bits”).
• Member benefits including financial planning and career coaching.
• Seamless integration with other SoFi products (banking, loans).
• SoFi also offers options trading, mutual funds, money markets, and alternative investment funds.

Cons:

• Basic research and charting tools compared to dedicated trading platforms.
• No tax-loss harvesting for automated portfolios.
• Limited technical analysis features for active traders.
• No cryptocurrency support.
• No dedicated desktop platform.

SoFi Invest is where I’ve personally transitioned to for all my financial needs. That’s because it’s so user-friendly and accessible. Beginners and those who already use other SoFi financial products will love its simplicity and integration. You get both active and automated investing options. And with no fees, you can’t go wrong. Of course, it doesn’t have all the advanced features that experienced traders might want. But its educational resources and straightforward approach to investing make it an excellent choice for those starting out — or just looking for a low-maintenance approach.

Rating:

• Price: 5/5
• Design: 4/5
• Functionality: 3.5/5
• User Experience: 4.5/5

Moomoo — Best for Advanced Traders

Moomoo Logo

Learn More — Moomoo

Price: Moomoo offers commission-free trading for stocks, ETFs, and options with no account minimums, though there may be regulatory fees and margin interest charges for certain transactions.

Pros:

• Commission-free trading on stocks, ETFs, and options.
• Advanced charting with over 100 technical indicators.
• Free Level 2 market data.
• Extended trading hours (4:00 AM to 8:00 PM ET).
• Access to multiple global markets (US, Hong Kong, China).
• Robust research tools and financial data.
• Paper trading feature for practice.

Cons:

• Steeper learning curve for beginners.
• Limited investment options (no mutual funds or bonds).
• Customer service can be inconsistent.

Moomoo is another platform that caters to intermediate and advanced traders. It’s got the analysis tools and global market access you need. That includes free Level 2 data, which is a big plus. While the interface might be overwhelming for complete beginners, traders with some experience will appreciate the depth of research tools and real-time data. You won’t find mutual funds or bonds on Moomoo, but it excels at stock, ETF and options trading.

Rating:

• Price: 5/5
• Design: 4/5
• Functionality: 4.5/5
• User Experience: 3.5/5

Acorns — Best for Hands-Off Investors

Acorns Logo

Learn More — Acorns

Price: Acorns uses a flat-fee subscription model with plans ranging from $3-$12 per month, rather than charging based on assets under management. There are no trading commissions or account minimums to get started.

Pros:

• “Round-Up” feature automatically invests spare change from everyday purchases.
• Simplified approach with pre-built portfolios suitable for beginners.
• Automatic recurring investments.
• Cash-back rewards program (“Earn”) with partner brands.
• All-in-one platform that includes investing, retirement, checking, and education.
• Family plans available for teaching children about investing.
• User-friendly mobile app with intuitive design.

Cons:

• Monthly fee structure can be relatively expensive for small accounts.
• Limited investment options and customization.
• No tax-loss harvesting.
• No access to more advanced securities.
• Cannot transfer existing investments without selling first.
• Less robust investment tools compared to traditional brokerages.

Acorns is perfect for those new to investing who want to save and invest small amounts consistently. Its round-up feature and simple interface make investing accessible. The integrated banking and rewards program create a comprehensive financial ecosystem. But be aware that the flat monthly fee structure means users with smaller balances pay proportionally more than they would with percentage-based advisors.

Rating:

• Price: 3.5/5
• Design: 5/5
• Functionality: 4/5
• User Experience: 4.5/5

Coinbase — Best for Crypto trading

Coinbase Logo

Learn More — Coinbase

Price: Coinbase uses a variable fee structure with trading fees typically ranging from 0.5% to 4.5% depending on payment method and transaction size. There’s also a subscription option called Coinbase Advanced with lower fees for active traders.

Pros:

• User-friendly interface ideal for cryptocurrency beginners.
• Strong security features including two-factor authentication and cold storage.
• Wide selection of cryptocurrencies (240+).
• Educational content with earn-as-you-learn programs.
• Integrated staking options for earning passive income.
• Reliable mobile app with good functionality.
• Coinbase Wallet for self-custody of assets.

Cons:

• Higher fees compared to many cryptocurrency exchanges.
• Customer service can be slow during high-volume periods.
• Account freezes reported during peak trading periods.
• Limited advanced trading features on standard platform.

Coinbase is where beginners can start their cryptocurrency journey. Its intuitive interface and robust security measures make it a trusted gateway to digital assets. While more experienced traders may find the fee structure high compared to competitors, the platform’s reliability, educational resources and growing ecosystem of products provide substantial value.

Rating:

• Price: 3/5
• Design: 4.5/5
• Functionality: 4/5
• User Experience: 4.5/5

Public.com — Best for Social Investing

Public.com Logo

Learn More — Public.com

Price: Offers commission-free trading for stocks and ETFs with no account minimums. They don’t receive payment for order flow (PFOF), instead generating revenue through optional tipping on trades and premium subscription features.

Pros:

• Commission-free trading on stocks and ETFs.
• Social investing features with community insights and discussions.
• Fractional shares available for investing with any amount.
• Transparency with no payment for order flow.
• Educational content integrated throughout the platform.
• Thematic investing through curated “Lists”.
• Clean, intuitive interface designed for beginners.
• Extended trading hours available.

Cons:

• Limited investment options (no mutual funds).
• Basic charting and technical analysis tools.
• No tax-loss harvesting features.
• No desktop platform (mobile and web only).
• Smaller selection of cryptocurrencies compared to dedicated crypto exchanges.

Public is a social-first investing platform that combines traditional investing with community features. That makes it particularly appealing to newer investors who want education and inspiration. Its transparent fee structure and elimination of payment for order flow demonstrate a commitment to user interests. While it lacks some of the advanced features and investment options of larger brokerages, Public excels in accessibility and user engagement.

Rating:

• Price: 5/5
• Design: 4.5/5
• Functionality: 3.5/5
• User Experience: 4.5/5

eToro — Best for Global Users

eToro Logo

Learn More — eToro

Price: eToro offers commission-free stock and ETF trading but has potentially various other fees including inactivity fees after 12 months, currency conversion fees, and cryptocurrency trading fees (incurs a 1% fee per transaction).

Pros:

• Social and copy trading features to follow and automatically mimic successful investors.
• Wide range of assets including stocks, ETFs, cryptocurrencies, and CFDs (outside the US).
• User-friendly platform designed for beginners.
• Virtual portfolio for practice trading.
• Global access with users from 140+ countries.
• Built-in social network for sharing ideas and strategies.
• Fractional shares available with low minimum investments.

Cons:

• Higher crypto trading fees compared to dedicated exchanges.
• Withdrawal and inactivity fees.
• Customer service can be slow to respond.
• Higher spreads on some assets compared to traditional brokers.

eToro stands out for its social and copy trading features. That makes it an excellent platform for beginners who want to learn from experienced traders. Its global community creates an engaging environment for investors seeking both education and execution. eToro is best suited for investors who value community insights and diversification across multiple asset classes.

Rating:

• Price: 3.5/5
• Design: 4.5/5
• Functionality: 4/5
• User Experience: 4/5

Empower — Best for Long-term Investors

Empower Logo

Learn More — Empower

Price: Empower offers a tiered approach with a limited free basic financial tracking service and a premium wealth management service that charges an annual fee of 0.49–0.89% of assets under management, with fees decreasing as account balances increase.

Pros:

• Comprehensive financial dashboard that integrates investments, banking, and retirement accounts.
• Automated portfolio management with human advisor access at higher tiers.
• Robust goal planning and retirement tools.
• Free budgeting and expense tracking features.
• Socially responsible investing options.
• Tax optimization strategies including tax-loss harvesting.
• Cash management account with competitive interest rates.
• Regular financial checkups and personalized recommendations.

Cons:

• Higher management fees compared to robo-advisors like Betterment or Wealthfront.
• $100,000 minimum for dedicated financial advisor access.
• No fractional shares for individual stocks.
• Mobile app can occasionally experience syncing issues.

Empower (formerly Personal Capital) bridges the gap between free financial tracking tools and comprehensive wealth management services. Its free budgeting and net worth tracking tools offer significant value. Empower is particularly well-suited for mid-career professionals and those approaching retirement who want both digital tools and human guidance.

Rating:

• Price: 3.5/5
• Design: 4.5/5
• Functionality: 4.5/5
• User Experience: 4/5

Why Choose an Alternative to Robinhood?

While Robinhood is a popular trading platform, it may not be the best choice for everyone. Here are some limitations of Robinhood and why you may want to consider an alternative.

Limitations of Robinhood

1. Limited Investment Options: Robinhood primarily offers stocks, ETFs, options, and cryptocurrency. This limited range may not suffice for investors looking to diversify their portfolios with other asset classes such as bonds, foreign stocks, preferred stocks, or futures.
2. No Mutual Funds: For those interested in mutual funds, Robinhood falls short as it does not offer this investment option. Mutual funds can be a crucial component of a diversified investment strategy.
3. Research Tools: Robinhood doesn’t offer very robust research tools such as advanced charting for their users unless you pay for Robinhood Gold.
4. Restricted Trading: During periods of high market volatility, Robinhood has been known to restrict trading, which can be frustrating for investors wanting to capitalize on market movements.
5. Limited Customer Support: Robinhood’s customer support is limited, with no phone support and only basic email support. This can be a significant drawback for users who need immediate assistance or have complex queries.
6. Instant Withdrawal Fees: Robinhood offers “commission-free trading” but you may incur fees for instant withdrawals.
7. Accounts Types: Robinhood does not have custodial accounts which could be a drawback.

By considering these limitations and looking for a platform that offers more features and better customer support, you can find a Robinhood alternative that meets your investment needs and provides a better overall experience.

How to Choose the Best Robinhood Alternative

Selecting the best Robinhood alternative depends on your individual investing needs and preferences. Here are some key factors to consider:

Consider the fees associated with the platform first. Many online brokerages, like Webull, offer no commissions on stocks, ETFs, and options trades, appealing to cost-conscious investors. Platforms like SoFi Invest provide various account types to suit different investment goals, such as a brokerage account, 401(k)s, and IRAs.

Lastly, consider the user interface and overall experience. A smooth and intuitive interface, like Public.com’s, is crucial for a pleasant investing experience.

Considering these factors will help you choose the best Robinhood alternative that aligns with your goals and preferences.

Summary

This article explores the top Robinhood alternatives for 2025, highlighting investment apps that cater to various trading styles and preferences. It emphasizes the importance of selecting a platform with features such as low trading fees, user-friendly interfaces, advanced trading tools, and diverse investment options. The article provides an overview of popular apps like Webull, SoFi Invest, Moomoo, Acorns, Coinbase, Public.com, eToro, and Empower, each offering unique advantages for different types of investors. By considering individual needs and preferences, readers are encouraged to choose the right investing app to take control of their financial future and make informed investment decisions.

Frequently Asked Questions

What is the best Robinhood alternative for beginners?

SoFi Invest stands out as the best Robinhood alternative for beginners, offering a range of services and strong educational resources to support new investors looking to trade stocks. I switched from using Robinhood to using SoFi, personally. It wasn’t just the brokerage services that impressed me; it was the entire platform, including banking and brokerage, that made me switch.

Which app is best for hands-off investors?

Acorns is the best app for hands-off investors due to its automated investing and round-up feature, making it easy to grow your savings without active management.

What is the best app for intermediate traders?

Webull is ideal for intermediate traders due to its advanced charting features and strong community engagement. This combination enhances trading strategies and decision-making.

Which app is best for social investing?

Public.com is the top choice for social investing, enabling users to engage with peers by following and discussing trades.

What app is suitable for global users?

eToro is an excellent choice for global users due to its vast international market presence and social trading capabilities. Also, eToro has a copy trading option that could be of interest to users as well.