Alternatives to Robinhood (& every other app that decided to screw their users)

Written by: Max Adams
February 1, 2021
  • 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)

1. Capital.com

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.

Register here >

2. IG

For those of you with a higher budget, IG is still allowing people to trade freely.

Register here >

3. Etoro

Etoro is one of the most popular trading apps in Europe and currently allows its users to trade GME, AMC, BB, and NOK.

Register here >

More on the Robinhood decision to block users trading

For more information, considering reading our article on Wall Street Bets, GameStop price analysis, how to buy GME stock and what this moment might mean for the world of stock investing.

The internet is outraged at Robinhood. Here are some comments from the wide range of people criticising their behaviour.

https://twitter.com/justinkan/status/1354853920762253315

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.