Alternatives to Robinhood (& every other app that decided to screw their users)
- Robinhood has sided with the hedge funds and screwed the average Joe.
- We suggest jumping ship, as the trending hashtag suggests: #deleterobinhood
- Since the service built to 'democratize' trading has no clue what it means, we give you the alternative option
Robinhood has decided to restrict their users from buying certain stocks (while the hedge funds remain free to do so). We feel this is outrageous and as such thought we would provide a list of alternatives to help you, our readers.
Here’s a quick summary of what happened and where you can go if you’re ditching Robinhood.
#DeleteRobinhood trending for good reason
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Robinhood, a trading platform built to allow the common man to trade stocks, has just taken a decision that stands in direct contradiction of that aim. They have banned the buying of certain stocks to allow their hedge fund buddies the chance to recouperate billions in losses.
Wall Street was outsmarted, so they changed the rules. Read more about that here.
Robinhood alternatives (UK/USA) to trade GME, AMC, BB, & NOK
Here’s a list of services that, while some precautions have been taken, are still allowing their users the right to choose what they do with their investments and continue to trade GME, AMC, BB, and NOK stock. (At the time of writing)
Capital.com is a trading application that offers investors access to 3,000+ world-renowned markets. The interface is clean, trading is accomplished in a single click, and users can still freely trade GME, AMC, BB, and NOK.
For those of you with a higher budget, IG is still allowing people to trade freely.
Etoro is one of the most popular trading apps in Europe and currently allows its users to trade GME, AMC, BB, and NOK.
More on the Robinhood decision to block users trading
The internet is outraged at Robinhood. Here are some comments from the wide range of people criticising their behaviour.
We understand that many people will want to ditch Robinhood after this unprecedented action, and also hope the other platforms in the industry hold their nerve and keep allowing trading.