Is Robinhood Available in Europe?

Summary: Robinhood, the well-known American trading platform, has broadened its services to the European market, offering crypto trading across the EU and planning to introduce brokerage services in the UK. This expansion enables European users to access over 25 crypto assets, with an emphasis on user-friendliness and innovation.

However, traditional equities and ETF trading are not yet available. For those seeking alternatives, eToro is highlighted as a secure, regulated option with a wide range of trading assets.

Can I Use Robinhood in Europe?

Robinhood, a prominent American trading platform renowned for its no-commission approach, has officially expanded into the European market. Announced in its 2023 third-quarter financial update, this strategic move introduces a crypto trading service available across the European Union, alongside the upcoming brokerage services in the UK. This marks a pivotal step in Robinhood's global expansion efforts, aiming to cater to the burgeoning interest in cryptocurrency trading within Europe.

The platform now enables European users to trade a diverse portfolio of over 25 crypto assets, including major cryptocurrencies like Bitcoin, Ether, and more. This launch underscores Robinhood's commitment to providing accessible and innovative trading solutions, although it's worth noting that equities and ETF trading services are not yet offered in Europe. Investors seeking these services will need to look elsewhere until Robinhood extends its offerings.

By entering the European market, Robinhood not only broadens its international footprint but also aligns with the growing trend of digital asset investment globally. This move is significant for European investors looking to leverage Robinhood's streamlined and cost-effective platform for trading cryptocurrencies, highlighting the platform's adaptability and the increasing integration of digital currencies into the broader financial ecosystem.

‍

Best Alternative to Robinhood in Europe

For European investors seeking alternatives to Robinhood, finding a platform that is both regulated and licensed within Europe is essential. eToro emerges as a leading option, offering a similar breadth of services, including access to over 4,500 assets such as cryptocurrencies, stocks, and ETFs. With a robust user base exceeding 30 million investors, eToro is a favorite among European traders for its comprehensive offerings.

The platform distinguishes itself through stringent adherence to regulatory standards, being overseen by top-tier authorities including the UK's Financial Conduct Authority (FCA), the Austrian Financial Market Authority (FMA), and France's Autorité des Marchés Financiers (AMF), among others. This commitment to regulatory compliance ensures that eToro stands as a secure and dependable choice for those in Europe looking for a reliable trading environment.

‍

When Will Robinhood Launch in Europe?

Robinhood is set to expand into Europe with limited services, planning to launch crypto trading in the EU in the near future. However, it's important to note that Robinhood is not yet appropriately licensed in most countries within the European Economic Area (EEA), which may restrict the scope of services they can offer initially

‍

About Robinhood

Robinhood is a versatile trading platform offering commission-free investing in stocks, options, ETFs, and cryptocurrencies. It allows users to begin investing with as little as $1. The platform features Robinhood Gold, providing benefits like higher interest on uninvested cash and access to in-depth research for $5/month after a 30-day free trial.

Additionally, Robinhood introduces the 24-hour market for trading specific stocks and ETFs anytime and offers Robinhood Retirement with a 1% match. For cryptocurrency trading, it provides a range of options and a self-custody wallet. Robinhood's user-friendly design and innovative services cater to a broad spectrum of investors, equipping them with tools and resources for a comprehensive investment journey.

‍

Bottom Line

In conclusion, Robinhood's expansion into Europe marks a critical step in its mission to democratize financial markets globally, offering European investors a new avenue for crypto trading. This move aligns with the digital asset investment trend, positioning Robinhood as a key platform for those seeking to explore cryptocurrencies within a user-friendly and efficient environment. Meanwhile, eToro presents itself as a robust alternative, boasting comprehensive offerings and stringent regulatory adherence for those looking elsewhere.