Whether you are a new or experienced investor, you have likely heard of the popular broker service called Robinhood. However, despite being immensely popular, there are plenty of reasons to consider Robinhood alternatives for your investment needs.
Interactive Brokers has provided quality investment services to customers for more than three decades. While this platform offers cryptocurrencies, bonds, and options trades like Robinhood, they set themselves apart from their competitors by offering international stocks and futures trading.
M1 Finance excels for investors who enjoy long-term investing or prefer a more hands-off approach. With an array of smart tools available to automate investments, users can let the platform do much of the work for them.
Public is unique in that it doubles as a social media platform for traders and a brokerage. This combination allows you to see what others are investing in while making your own decisions about stocks. There are no account minimums and no transaction fees.
Betterment has been an innovative, trailblazing company responsible for leading the charge in Robo-financial advising and consultations without management fees. Their platform is excellent for investors who prefer a more hands-off approach.
Ally Invest is part of Ally Bank, a comprehensive financial product and service company. The advantage of this is that Ally Invest Users have easy access to their other preexisting accounts through Ally or can easily open new ones.