Best for: Millennials
This app is a favorite among millennials wanting to practice trading with small budgets. It is free to use with no commission fees.
Features include:
- Real-time market data
- Various investment options
- Zero balance requirement to open an account
- Instant access to deposited cash
While it does make trading accessible, the app lacks research and educational resources.
It is a straightforward app with limited portfolio analysis and customer service, but it does meet a trader’s basic needs.
Robinhood is currently only available to traders in the US. Its UK launch was delayed in 2020 and there are no plans for a UK app currently.
