Robinhood is one of the most popular online brokers for a reason — it’s user-friendly, has zero fees, and you can use it on your mobile app, making it a viable alternative to the traditional trading platform offered by your broker.
Robinhood has had its fair share of controversies over the years. Back in 2019, a few users realized that a glitch in the system allowed them to trade with almost unlimited leverage — some traders managed to claim up to $1,000,000.
Like Robinhood, ETRADE doesn’t charge a fee for trading stocks or ETFs — but unlike Robinhood, it lets you trade mutual funds (also with no commissions).
Webull is what you might call a genuine Robinhood replacement. Webull is another app-based trading platform that lets you start trading without fees and requires no fixed minimum balance.
TD Ameritrade lets you trade a diverse range of assets, including forex, futures, options, cryptocurrencies, and more. The diverse range makes TD Ameritrade an excellent choice for more advanced traders., especially given the more sophisticated features it boasts.
Acorns made its name for being a platform that makes it easier for you to save and invest by rounding up your purchases and investing it on your behalf.
If you’re primarily interested in trading cryptocurrencies, Gemini is an obvious choice. It has more than 52 different cryptocurrencies available for trading (including 21 pairs), and there’s something for traders of all levels.