10 Best Robinhood Alternatives You Should Use in 2021

10 Best Robinhood Alternatives You Should Use in 2021

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In what would come as a shock to millions of Robinhood users, the popular stock trading app has reported that a recent data breach compromised the personal information of around 7 million users. The company disclosed that an unauthorized third party had access to a list of email addresses of approximately 5 million customers as well as the full names of approximately 2 million users. Although Robinhood has claimed that no bank account numbers and social security numbers have been disclosed and that there is no financial loss, you may be looking for safer alternatives. After exploring several trading apps, we have listed the top 10 Robinhood alternatives that can help you trade and invest like a pro.

Robinhood Alternatives | BEST Investment Accounts 2021

Sensational data breach aside, Robinhood doesn't shine in all departments. While some people complain about the lack of pro-grade analytical tools, others point out the not-so-impressive design. Also, Robinhood has not been a platform for beginners who are still learning the tricks of the trade like risk management. Well, the good thing is that there are many full-featured trading platforms that you can use to easily buy stocks and trade cryptocurrencies. So go into the summary to find out which app is capable enough to meet your trading demand.

E*TRADE is a full-fledged trading app like Robinhood. The trading app offers a wide range of tools so that you can trade and invest with the desired flexibility in the US market. And with the nicely designed charts, the app also provides an in-depth insight into how your assets are performing.

Another feature worth noting is the access to commission-free US stocks, ETFs and the ability to get accurate portfolio information. The low transaction fees are one of the key features that attract merchants. Like Robinhood, E*TRADE also lets you create a custom watchlist of preferred investments and set up alerts to ensure you never miss great opportunities.

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