Robinhood has revolutionized the trading industry with its commission-free trades and user-friendly app.
If you’re a European investor, you might be wondering if you can use Robinhood in your country.
This article provides up-to-date information on Robinhood’s availability across Europe and explores alternatives for European investors.
Is Robinhood available in Europe?
As of 2024, Robinhood is available in Europe! However, its services are currently limited to cryptocurrency trading.
This means European investors can use the Robinhood Crypto app to buy, sell, and hold various cryptocurrencies.
As such, traditional stock, ETF, and options trading via Robinhood is still not available in Europe.
Where is Robinhood available?
Robinhood is currently available in the UK and the USA.
Robinhood crypto is available in Europe
European users can take advantage of Robinhood Crypto’s comprehensive features, including:
- Trading: Buy and sell 25+ cryptocurrencies with low fees.
- Earn Rewards: Users can earn a percentage of their trading volume back every month, paid in Bitcoin.
- Security: The platform offers industry-leading safety measures, including holding nearly all customer coins in cold storage and providing crime insurance.
- Education: Access to real-time prices, charts, and the latest news to inform trading strategies.
Who can use Robinhood Crypto in Europe?
To use Robinhood Crypto in Europe, users must meet the following criteria:
- Residency: Must have EU citizenship.
- Age: Must be 18 years or older.
- Compliance: Must comply with local regulations, as Robinhood Crypto is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania
New Features: Crypto Staking
Robinhood has recently introduced crypto staking for European users, allowing them to earn rewards on their cryptocurrency holdings. This feature enables users to participate in the network validation process of certain cryptocurrencies and earn staking rewards. The staking service is designed to be user-friendly, with the potential to earn additional income on held assets.
Can the Robinhood card be used in Europe?
Yes, the Robinhood card can be used in Europe.
Alternatives to Robinhood in Europe
While Robinhood’s services are limited to crypto trading in Europe, several alternative platforms offer broader trading options:
- eToro: Known for its social trading features and access to various global markets. Also provide commission-free trading for ETFs, commission-free stock trading in some countries, and low fees overall. Check out eToro’s platform. Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Trading 212: Offers commission-free trading and a user-friendly platform. Other fees may apply. See terms and fees. Explore Trading 212 here.
- Interactive Brokers: One of the world’s most reputable brokers. Recently launched IBKR Global Trader, a user-friendly mobile app that targets beginner investors. Check Interactive Brokers here.
Conclusion
As of 2024, Robinhood is available in Europe for cryptocurrency trading only. Investors in Greece, Sweden, and other European countries can utilize Robinhood Crypto to trade digital assets. For traditional stock and ETF trading, European investors should consider alternative platforms like eToro, Trading 212, and Interactive Brokers.
For the latest updates on Robinhood’s availability in Europe, make sure to visit their official website and keep an eye on announcements related to their international expansion plans.
Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.
