European Alternatives to Robinhood

Looking for a European alternative to Robinhood? Its brokerage services are offered through Robinhood Financial LLC, a US registered broker-dealer, and its clearing through Robinhood Securities, LLC, so your account sits under US law and US investor protection.

These European brokers and apps are regulated in the EU, the UK or Switzerland and offer commission-free or low-fee stock and ETF investing, savings plans and tax-wrapped accounts under local compensation schemes.

11 Alternatives
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11 European Alternatives to Robinhood

Lightyear

Investing platform with zero ETF execution fees

Estonia

Scalable Capital

Broker and bank with savings plans from EUR 1

Germany

Freetrade

Commission-free UK investing app with ISA and SIPP

United Kingdom

Nordnet

Nordic bank and broker with four courtage classes

Sweden

DEGIRO

Online broker with Core Selection ETFs and low per-trade fees

Netherlands

XTB

Warsaw-listed broker with 0% commission up to a limit

Poland

Saxo

Danish bank with 23,000+ stocks on 50 exchanges

Denmark

BUX

Dutch investing app owned by ABN AMRO

Netherlands

Swissquote

Swiss online bank with trading from CHF 3

Switzerland

eToro

Social trading with a CySEC-regulated EU entity

Cyprus

Trade Republic

Berlin app for investing, cash interest and a card

Germany

Key takeaways

  • Robinhood offers brokerage through Robinhood Financial LLC, a US registered broker-dealer and SIPC member, with clearing through Robinhood Securities, LLC.
  • Robinhood Crypto, LLC is licensed by the New York State Department of Financial Services, and Robinhood states that crypto held there is not FDIC insured or SIPC protected.
  • Freetrade, Lightyear and XTB all offer stock or ETF trading without a headline commission, but with different currency conversion costs: 0.99% on the Freetrade Basic plan, 0.35% at Lightyear and 0.5% at XTB.
  • Saxo in Denmark gives access to 23,000+ stocks on 50 exchanges and charges a custody fee of up to 0.15% a year, a cost that commission-free apps do not charge.
  • Trade Republic is the only tool on this page whose fee table could not be verified from server-rendered pages, so its price should be checked on its own site.

Why people leave Robinhood

Robinhood is a US brokerage app whose home page promises commission-free trading in stocks, ETFs, crypto, options, futures and prediction markets, with accounts that open from $1. Behind the app sits a stack of separate companies, all wholly owned subsidiaries of Robinhood Markets, Inc.: Robinhood Financial LLC for brokerage, Robinhood Securities, LLC for clearing, Robinhood Crypto, LLC for crypto, Robinhood Derivatives, LLC for futures and Robinhood Asset Management for managed portfolios.

The reason a European saver looks elsewhere is rarely the interface. It is the legal map.

The brokerage entity is described on Robinhood's own pages as a US registered broker-dealer and member of SIPC, so the protection that stands behind your shares is a US scheme, and the rulebook is that of US regulators. A resident of Munich, Tallinn or Stockholm who wants a tax-wrapped account, a euro balance, a local deposit guarantee and a supervisor who answers in their own language will not find that stack built for them.

There is also a product mismatch. Much of Robinhood's page is about options, futures, crypto and event contracts, and the retirement, Gold card and spending features follow American account types. Someone who wants to buy a world ETF every month, hold euros and see a plain fee table is shopping for something smaller, and the European brokers below mostly start from that smaller job.

  • Your account sits under US law Robinhood's legal footer names Robinhood Financial LLC as a registered broker-dealer and Robinhood Securities, LLC as its clearing firm, both members of SIPC. That is the framework behind your holdings. A broker in the EU or EEA, such as Nordnet in Sweden or Saxo in Denmark, sits under a national bank supervisor and a national deposit or investor guarantee instead, which is the regime a European court and a European tax office already know.
  • Crypto sits outside the protections you may expect The same footer says that crypto held through Robinhood Crypto is not FDIC insured or SIPC protected, and the entity is licensed for virtual currency business by the New York State Department of Financial Services. Europe has its own crypto rules, and several European tools here draw the line in a similar place: Lightyear and eToro both say crypto sits outside EU compensation. Read each tool's wording before you move coins.
  • US account types do not map to European tax wrappers The Robinhood product list leans on US-specific items: a retirement account, a Gold card issued by a US bank, a spending account run as a licensed US money transmitter. European investors usually need something else, such as an ISA or SIPP in the UK with Freetrade, an ISK in Sweden with Nordnet, or a savings plan from EUR 1 in Germany with Scalable Capital.
  • The fee model is built around dollars Robinhood advertises commission-free trading and a Gold subscription at $5 per month. For a euro saver the cost that matters is often currency conversion, and it is stated differently at each European broker: Lightyear charges 0.35%, XTB 0.5%, Freetrade 0.99% on the Basic plan. Compare the conversion line first, because a commission of zero says nothing about it.

What you have to replace, not just match

What you replace depends on what you actually used. If Robinhood was a place to buy stocks and ETFs without commission, nearly every tool on this page does that job, and the differences are in the small print: execution fees for ETFs, a handling fee on every order, a monthly plan that lowers the rate, or a turnover ceiling.

If you also used crypto, options or futures there, check the specific tool, because several European brokers here deliberately stop at stocks and ETFs.

Then there is the cash side. Robinhood bundles a spending account, a prepaid cash card and a credit card through separate US companies.

In Europe the closest single-app equivalents are Trade Republic, which according to its homepage combines investing, a card with 1% Saveback and interest on cash, and Swissquote, where a free bank account in 27+ currencies sits behind the same login. Others, such as Lightyear, say plainly that they are not banks and offer no card or current account.

Finally, remember what lives in your account history: purchase dates, cost basis and dividend records. These are the documents your own tax return needs. Request them before you close anything, in a format your European tax authority accepts, and keep the old statements for the period your national rules require.

The alternatives compared

European Robinhood alternatives, in the order this page ranks them, compared on headquarters, pricing and jurisdiction
PositionToolHeadquartersPricingJurisdiction
#1 Lightyear Tallinn, Estonia ETFs: no execution or custody fees. US stocks 0.1% (max $1, min $0.10), EUR stocks EUR 1 per order, currency conversion 0.35% EU (Estonia)
#2 Scalable Capital Munich, Germany FREE Broker and PRIME+ at EUR 4.99 per month; savings plan executions EUR 0; trades under EUR 250 cost EUR 0.99 EU (Germany)
#3 Freetrade London, United Kingdom Basic GBP 0, Standard GBP 4.99 per month (billed annually), Plus GBP 9.99 per month (billed annually) United Kingdom (adequacy decision, outside the EEA)
#4 Nordnet Stockholm, Sweden Mini class 0.25% courtage (min SEK 1) on Nordic orders up to SEK 15,600; new customers trade Nordic exchanges free until 30 June 2027 EU (Sweden)
#5 DEGIRO Amsterdam, Netherlands Euronext Amsterdam stocks EUR 2 + EUR 1 handling, US stocks EUR 1 + EUR 1 handling, Core Selection ETFs EUR 0 + EUR 1 handling EU (Netherlands)
#6 XTB Warsaw, Poland 0% commission on stocks and ETFs up to EUR 100,000 monthly turnover, then 0.2% (min EUR 10); 0.5% currency conversion EU (Poland)
#7 Saxo Hellerup, Denmark US and Euronext stocks 0.08% (min USD 1 or EUR 2); custody fee 0.15% Classic, 0.12% Platinum, 0.09% VIP EU (Denmark)
#8 BUX Amsterdam, Netherlands BUX Prime EUR 7.99 per month; 5 commission-free buy orders per month; other fees on the pricing page EU (Netherlands)
#9 Swissquote Switzerland, Switzerland Trading fees from CHF 3, minimum deposit CHF 500 for investing; free bank account with 27+ currencies Switzerland (adequacy decision, outside the EEA)
#10 eToro Limassol, Cyprus Account opening and management free; withdrawals free or $5; conversion fees apply EU (Cyprus)
#11 Trade Republic Berlin, Germany See website EU (Germany)

How each alternative compares to Robinhood

#1

Lightyear

Estonian investment firm with no ETF execution fees and a EUR, USD and GBP account

Tallinn, EstoniaETFs: no execution or custody fees. US stocks 0.1% (max $1, min $0.10), EUR stocks EUR 1 per order, currency conversion 0.35%#1 in Stock Trading Apps and Online Brokers

Best for: EU and UK investors who mostly buy ETFs and hold more than one currency

Against Robinhood's single dollar account, Lightyear offers EUR, USD and GBP balances and a currency conversion cost of 0.35%, which it lists next to every other fee on one short page. ETF orders carry no execution or custody fees, while US stocks cost 0.1% (maximum $1, minimum $0.10) and EUR-denominated stocks EUR 1 per order. The ETF manager's own charges still apply.

The service in the EU is provided by Lightyear Europe AS in Tallinn, licensed by the Estonian Financial Supervision Authority. The vendor states that EU customers are covered up to EUR 20,000 by the Estonian Investor Protection Sectoral Fund, and that US securities are held with Alpaca, which it says brings SIPC protection of up to $500,000. So some US plumbing remains, which Lightyear itself discloses.

What Lightyear does better than Robinhood

  • A short, fully listed fee table in euros
  • A EUR balance that avoids repeated conversion
  • EU investor protection for non-crypto assets
  • Interest on uninvested cash

Where Lightyear is a step down from Robinhood

  • No card or current account
  • No derivatives on the pages checked
  • A smaller range than Saxo or Robinhood

Standout against Robinhood. It is the only tool here that publishes a conversion cost, a fee list and the US custodian on one pricing page.

lightyear.com Visit Lightyear
#2

Scalable Capital

Munich bank with ETF savings plans from EUR 1 and an optional flat-rate broker

Munich, GermanyFREE Broker and PRIME+ at EUR 4.99 per month; savings plan executions EUR 0; trades under EUR 250 cost EUR 0.99#2 in Stock Trading Apps and Online Brokers

Best for: German-speaking savers who want ETF savings plans, a trading flat rate and cash interest

Scalable Capital replaces the habit of buying a little every month rather than the habit of day trading. Savings plan executions are free in all broker models, and the site advertises 8,000+ stocks and 2,700+ ETFs as savings plans from EUR 1. PRIME+ costs EUR 4.99 per month and lowers per-trade costs, while the FREE Broker charges EUR 0.99 on orders below EUR 250.

Against Robinhood's split between broker, spending and credit companies, Scalable Capital Bank GmbH puts a cash account at 2.60% p.a., fixed-term savings and credit of up to EUR 250,000 in the same bank, supervised by BaFin. The weak point is language: the English pages are a translation of a service built mainly around German retirement and tax products, and the fee table has conditions on order size and exchange.

What Scalable Capital does better than Robinhood

  • Free savings plan executions with a EUR 1 minimum
  • A bank supervised by BaFin
  • Cash interest and credit in the same app
  • German retirement and tax products

Where Scalable Capital is a step down from Robinhood

  • Options, futures and prediction markets
  • Fee conditions that depend on order size
  • Fit for non-German residents

Standout against Robinhood. It sells a flat-rate broker model at EUR 4.99 a month next to free savings plan executions.

de.scalable.capital Visit Scalable Capital
#3

Freetrade

London app with commission-free shares, ISA and SIPP, now part of IG Group

London, United KingdomBasic GBP 0, Standard GBP 4.99 per month (billed annually), Plus GBP 9.99 per month (billed annually)#3 in Stock Trading Apps and Online Brokers

Best for: UK residents who want a tax-wrapped, app-first account without commission

Freetrade is the closest in spirit to Robinhood: an app-first broker with no commission on stocks, ETFs and trusts and a free Basic plan. The difference is the wrapper. The ISA, Junior ISA and SIPP sit on Basic at GBP 0, with an FX fee of 0.99% on non-GBP trades, while Standard (GBP 4.99 per month billed annually) lowers it to 0.59% and Plus (GBP 9.99) to 0.39%.

It is run by Freetrade Limited, authorised by the FCA, and the site states that it is part of IG Group. Eligible investments are protected up to GBP 85,000 under the FSCS. The UK is outside the EEA, so this is a UK rather than an EU option, and in practice it is meant for UK residents. Better interest rates on cash, 1% AER on up to GBP 1,000 at Basic, need a paid plan.

What Freetrade does better than Robinhood

  • UK tax wrappers in the same app
  • FSCS protection up to GBP 85,000
  • Gilts and funds next to shares
  • A free plan with real features

Where Freetrade is a step down from Robinhood

  • Use outside the UK
  • FX cost on Basic compared with Lightyear
  • Independence, now that IG owns it

Standout against Robinhood. It is the only tool here offering ISA, Junior ISA and SIPP accounts on its free plan.

freetrade.io Visit Freetrade
#4

Nordnet

Stockholm bank with courtage classes and ISK, pension and savings accounts

Stockholm, SwedenMini class 0.25% courtage (min SEK 1) on Nordic orders up to SEK 15,600; new customers trade Nordic exchanges free until 30 June 2027#4 in Stock Trading Apps and Online Brokers

Best for: Swedish and Danish residents who want one bank for shares, funds and pensions

Nordnet competes with Robinhood on breadth rather than on price. Its offer covers shares, funds, ETFs, bonds, structured products and crypto, plus savings accounts such as ISK, endowment insurance and pensions. Pricing uses four courtage classes, Mini, Liten, Mellan and Fast, and Mini charges 0.25% (minimum SEK 1) on Nordic orders up to SEK 15,600.

New customers trade Nordic exchanges without commission until 30 June 2027, after which they move into the Mini class. Nordnet Bank AB in Stockholm provides the service, and the checked pages were in Swedish and Danish. Nordnet Social, Active Trading, Bull and Bear trackers and turbos give active users something to do, but the account types only make sense for Nordic residents.

What Nordnet does better than Robinhood

  • Pension and ISK accounts for Nordic residents
  • A full bank licence with lending
  • Social features similar to a trading community
  • A Nordic-exchange offer until June 2027

Where Nordnet is a step down from Robinhood

  • English-language material
  • Use by residents outside the Nordics
  • A single flat fee

Standout against Robinhood. Its price list has four classes, so a customer's fee depends on typical order size.

nordnet.se Visit Nordnet
#5

DEGIRO

Amsterdam-branded broker run by flatexDEGIRO Bank SE with per-trade fees

Amsterdam, NetherlandsEuronext Amsterdam stocks EUR 2 + EUR 1 handling, US stocks EUR 1 + EUR 1 handling, Core Selection ETFs EUR 0 + EUR 1 handling#5 in Stock Trading Apps and Online Brokers

Best for: Dutch and German investors who place few, larger orders

DEGIRO charges per transaction, which is the opposite of Robinhood's zero-commission message. The Dutch tariff page lists US stocks at EUR 1 plus EUR 1 handling, Euronext Amsterdam shares at EUR 2 plus EUR 1 handling, and Core Selection ETFs at EUR 0 plus EUR 1 handling. For a few large orders that is cheap, for many small orders the EUR 1 handling adds up.

The contracting entity is flatexDEGIRO Bank SE, supervised by BaFin and, for its Dutch branch, by the AFM and DNB. DEGIRO started as an Amsterdam company and joined flatex AG in 2020, so a German group now owns it. Trading on Tradegate, including pre-market and after-hours, is a feature Robinhood's 24/5 pitch roughly matches, though currency and connectivity costs may apply on top.

What DEGIRO does better than Robinhood

  • Low cost for infrequent, larger US orders
  • A free Core Selection of ETFs
  • Dual supervision by BaFin and the AFM
  • Extended hours on Tradegate

Where DEGIRO is a step down from Robinhood

  • Small frequent orders, because of the EUR 1 handling fee
  • Extra currency costs
  • A UK-authorised service

Standout against Robinhood. Its Core Selection ETFs carry EUR 0 commission, with the EUR 1 handling fee still due.

degiro.com Visit DEGIRO
#6

XTB

Warsaw-listed broker with 0% commission up to a monthly turnover limit

Warsaw, Poland0% commission on stocks and ETFs up to EUR 100,000 monthly turnover, then 0.2% (min EUR 10); 0.5% currency conversion#6 in Stock Trading Apps and Online Brokers

Best for: Active EU investors who want stocks, ETFs and forex in a single app

XTB matches Robinhood's zero-commission headline with a ceiling: 0% on stocks and ETFs up to EUR 100,000 of monthly turnover, then 0.2% with a EUR 10 minimum. Deposits and withdrawals are free, and currency conversion costs 0.5%. The company reports more than 2.9 million investors and says support is available in 18 languages.

XTB S.A. is regulated by the Polish KNF, received its brokerage licence in 2005 and has been listed on the Warsaw Stock Exchange since 2016. The group also has an FCA-regulated UK entity and a Spanish branch, so the contracting entity depends on your country. The same app offers forex, which carries a high risk of loss, and that mix is the thing to watch if you want only long-term investing.

What XTB does better than Robinhood

  • A listed company on a European exchange
  • Free deposits and withdrawals
  • Support in 18 languages
  • One app for stocks, ETFs and forex

Where XTB is a step down from Robinhood

  • The 0.5% conversion cost
  • Commission above the turnover limit
  • Pure long-term investing without forex around it

Standout against Robinhood. It is the only broker here with a stock exchange listing, a KNF licence from 2005 and a monthly turnover ceiling on free trading.

xtb.com Visit XTB
#7

Saxo

Danish investment bank with 23,000+ stocks on 50 exchanges and tiered accounts

Hellerup, DenmarkUS and Euronext stocks 0.08% (min USD 1 or EUR 2); custody fee 0.15% Classic, 0.12% Platinum, 0.09% VIP#7 in Stock Trading Apps and Online Brokers

Best for: Experienced investors who need many exchanges, APIs and TradingView

Saxo is the one that beats Robinhood on market access. The site lists more than 23,000 stocks on 50 exchanges from one account, and offers API access and a TradingView link. Commission on main US exchanges and Euronext is 0.08% with a minimum of USD 1 or EUR 2, and the tiers Classic, Platinum and VIP lower the annual custody fee from 0.15% to 0.12% and 0.09%.

Saxo Bank A/S in Hellerup states that cash and certain assets may be covered by the Danish Guarantee Fund, subject to eligibility and limits. The cost is recurring: custody fees apply, and Danish VAT of 25% applies to them for individuals residing in the EU. Commission minimums also hit small orders proportionally harder, and the platform is more complex than a consumer app.

What Saxo does better than Robinhood

  • Coverage of 50 exchanges
  • API access and TradingView integration
  • Tiered pricing that falls with volume
  • A Danish bank with a deposit guarantee

Where Saxo is a step down from Robinhood

  • Custody fee plus 25% Danish VAT for EU individuals
  • Small orders, because of minimums
  • A first app for a beginner

Standout against Robinhood. Its Classic, Platinum and VIP tiers cut the custody fee from 0.15% to 0.09%.

home.saxo Visit Saxo
#8

BUX

Amsterdam app owned by ABN AMRO with a EUR 7.99 Prime plan

Amsterdam, NetherlandsBUX Prime EUR 7.99 per month; 5 commission-free buy orders per month; other fees on the pricing page#8 in Stock Trading Apps and Online Brokers

Best for: Dutch beginners who want a simple app backed by a large Dutch bank

BUX covers the same first job as Robinhood, buying stocks and ETFs from a phone, but ties the cheapest pricing to a subscription. BUX Prime costs EUR 7.99 per month and, according to its Prime page, brings the lowest commissions, 5 commission-free buy orders per month, investment plans and up to 2.00% interest on uninvested cash. The main pricing URL did not load, so other fees are not documented here.

BUX B.V. in Amsterdam is regulated by the AFM and describes itself as a subsidiary of ABN AMRO Bank. That is a point in its favour for people who want a large bank behind the app, and a point against for those who prefer an independent firm. The site states that BUX does not give investment advice and publishes ETF explainers and a glossary for new investors.

What BUX does better than Robinhood

  • A Dutch bank parent behind the app
  • Learning content for beginners
  • AFM supervision in the Netherlands

Where BUX is a step down from Robinhood

  • Lowest fees need the EUR 7.99 plan
  • Independence
  • Product range compared with Saxo

Standout against Robinhood. It is the only tool here whose cheaper pricing depends on a Prime subscription owned by a large bank.

bux.com Visit BUX
#9

Swissquote

Swiss bank with trading from CHF 3 and a free account in 27+ currencies

Switzerland, SwitzerlandTrading fees from CHF 3, minimum deposit CHF 500 for investing; free bank account with 27+ currencies#9 in Stock Trading Apps and Online Brokers

Best for: Investors who want broker and bank services together under Swiss regulation

Swissquote combines what Robinhood spreads across several US companies: a bank account, cards, trading, forex and crypto behind one login. The Swiss site lists trading fees from CHF 3, a minimum deposit of CHF 500 for investing, and a free bank account in 27+ currencies. The EU page mentions 40 cryptos.

It presents itself as a digital bank listed on the Swiss stock exchange and regulated by FINMA. Switzerland is outside the EU, but this site accepts it as eligible. For European clients the site names Swissquote Bank Europe, regulated by the CSSF, and a CySEC-regulated entity for forex and CFD products, so the contracting entity changes by region and you must check which one applies. Full commission tables were not readable.

What Swissquote does better than Robinhood

  • A bank account and broker under one login
  • A free multi-currency account
  • A regulated EU bank for European clients

Where Swissquote is a step down from Robinhood

  • Fees from CHF 3 per trade
  • A CHF 500 minimum deposit
  • Clarity about which entity applies

Standout against Robinhood. It is the only tool here that names a Swiss bank, an EU bank and a Cypriot entity on the same site.

swissquote.com Visit Swissquote
#10

eToro

Cyprus-authorised social investing platform with CopyTrader and a USD base account

Limassol, CyprusAccount opening and management free; withdrawals free or $5; conversion fees apply#10 in Stock Trading Apps and Online Brokers

Best for: Investors who want to copy other traders and are fine with a USD base account

eToro is the nearest match to Robinhood's community side. CopyTrader, Popular Investor programmes and smart portfolios sit at the centre of the product, and account opening and management are free. Withdrawals are free or cost $5. All clients hold funds in USD, and eligible clients can also hold GBP, EUR, AUD or DKK accounts, but conversion fees apply when trading in another currency.

EU customers contract with etoro (Europe) Ltd in Limassol, authorised by CySEC under licence 109/10. The legal page states that the crypto trading service is not governed by a specific European framework such as MiFID, so crypto clients do not benefit from the Cyprus Investor Compensation Fund. The parent went public on Nasdaq in 2025, and its country of incorporation was not confirmed, so the European credit rests on the Cypriot entity.

What eToro does better than Robinhood

  • Copying other investors in the app
  • A CySEC-authorised EU contracting entity
  • Free account opening and management

Where eToro is a step down from Robinhood

  • A USD base account that adds conversion fees
  • Crypto protection, per its own legal page
  • A European parent

Standout against Robinhood. Its CopyTrader product lets you mirror another investor's portfolio, which no other broker on this page builds around.

etoro.com Visit eToro
#11

Trade Republic

Berlin bank and app for investing from EUR 1, with cash interest and a card

Berlin, GermanySee website#11 in Stock Trading Apps and Online Brokers

Best for: German-speaking savers who want investing, interest on cash and a card in one app

Trade Republic is the nearest European answer to Robinhood's all-in-one pitch. According to its homepage you can invest with just EUR 1, earn 2.5% p.a. on cash and get a subscription-free card with 1% Saveback. The footer names Trade Republic Bank, Brunnenstrasse 19-21, 10119 Berlin.

Most of its pricing, legal and company pages are rendered client-side and could not be read, so fees, plan structure and investor protection are not verified here. Treat this entry as short on purpose, and check the fee table on its own site before opening an account. The headline interest rate can change, and the focus is German-speaking markets.

What Trade Republic does better than Robinhood

  • Investing, a card and cash interest in one app
  • A Berlin bank entity

Where Trade Republic is a step down from Robinhood

  • Verifiable fees on the pages we could read

Standout against Robinhood. It is the only tool here whose homepage combines a EUR 1 minimum, cash interest and a Saveback card.

traderepublic.com Visit Trade Republic

What actually breaks when you switch

The first break is the transfer itself. Moving positions between brokers is called a transfer in kind in some countries and is not offered across borders by every firm, so you may have to sell, move cash and rebuy. That crystallises gains in your tax year. Before you act, ask the receiving broker what it accepts, and work out the tax effect with your own adviser, because this page does not give tax advice.

The second is everything attached to the old account: recurring deposits, dividend reinvestment, price alerts, watchlists and the card. Rebuild these in the new app before you close the old one, and keep the Robinhood statements for as long as your tax rules require. Allow for fees that begin on day one, such as a custody fee at Saxo or a handling fee at DEGIRO, which a zero-commission app never showed you.

Is Robinhood available to European residents, and does that matter?

We did not verify availability in Europe, and the pages we read do not say. What those pages do say is which companies provide the service: US-registered entities that operate under US securities, commodities and money transmitter regimes. For a European resident the question that follows is not only whether an account can be opened, but which supervisor, which guarantee scheme and which court come with it.

Ask Robinhood for written answers to those three points for your country of residence, and ask the same of a European broker. A Swedish bank such as Nordnet answers to Swedish supervisors, Saxo to Danish ones, and DEGIRO to BaFin and, for its Dutch branch, the AFM and DNB. Put the answers side by side before you decide.

Do I lose commission-free trading if I leave Robinhood?

Not necessarily, but the word means different things. Freetrade has no commission on stocks, ETFs and trusts, XTB charges 0% up to EUR 100,000 of monthly turnover and 0.2% (minimum EUR 10) above it, and Lightyear has no execution fees on ETFs. DEGIRO charges a EUR 1 handling fee on every transaction even where commission is EUR 0.

The honest comparison is cost per year for your own pattern. A saver who places one order a month sees different totals at each of these brokers than a trader who places forty, so write down your typical month first. Robinhood's own fee schedule is the document to use for the baseline, since this page did not read it.

Which one to pick

For a EUR saver who mostly buys ETFs, Lightyear and Scalable Capital are the most direct replacements, and Scalable Capital is stronger if you read German and want savings plans. UK residents who want wrappers should start with Freetrade, Nordic residents with Nordnet, and Dutch beginners with BUX or DEGIRO. Saxo is for people who miss Robinhood's breadth, XTB for those who trade often, eToro for those who want to copy others.

Staying with Robinhood is a legitimate choice if you already live under its account terms, use its options and futures, and are comfortable with a US broker-dealer and US protection schemes. This page is for the investors whose review ends with a European contract, a local guarantee scheme and euro pricing, and who still want a modern app.

Frequently Asked Questions

It depends on your country and your habits. Lightyear from Estonia and Scalable Capital from Germany suit EU savers who want ETFs and savings plans, Freetrade fits UK investors who want ISA and SIPP wrappers, Nordnet serves Nordic residents, and DEGIRO and BUX serve the Netherlands. Saxo is the broker with the widest exchange coverage, and XTB is the one built for active EU traders.

It depends on the broker. According to its vendor, Lightyear covers EU customers up to EUR 20,000 through the Estonian Investor Protection Sectoral Fund, Freetrade states FSCS protection up to GBP 85,000, and Saxo says clients may be covered by the Danish Guarantee Fund. Crypto is usually outside these schemes, so read each broker's own wording.

Lightyear says it is an investment platform and not a bank, so there is no payment card or current account. Freetrade is an app run by Freetrade Limited under FCA authorisation, and eToro is run by etoro (Europe) Ltd under CySEC authorisation. Scalable Capital, Nordnet, DEGIRO, Saxo, Swissquote and Trade Republic are operated by banks.

Yes, most of them list US stocks. Lightyear charges 0.1% on US stocks (maximum $1 per order, minimum $0.10), DEGIRO charges EUR 1 plus EUR 1 handling, and Saxo charges 0.08% with a minimum of USD 1. Lightyear adds that US securities are held with Alpaca, a US custodian, so a European app does not always mean European custody.

eToro is the one on this page whose product centres on copying other investors through CopyTrader and Popular Investor programmes, with an EU contracting entity in Cyprus. Nordnet has a smaller social layer called Nordnet Social, where members follow other users. Neither is a clone of Robinhood, so compare what you actually used.

About the author

Every comparison page on European Purpose is researched and drafted with AI assistance, with the compliance and pricing claims checked against the vendor's own documentation, and is published under the editorial responsibility of its founder.

Sebastiaan Smits

Sebastiaan Smits

Founder · Amsterdam, Netherlands

Founder of European Purpose. Researches and writes the reviews and checks where each company is actually established.

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