Robinhood Review 2026

Robinhood pioneered commission-free trading in the US and now serves UK investors too. In the US there is zero commission on stocks, ETFs, options and crypto, no FX fee (the account is USD-only), and no inactivity fee. In the UK it offers commission-free US shares with a very low 0.10% currency-conversion fee and a free Stocks & Shares ISA. The trade-offs are that it trades US-listed securities only, is deliberately light on research, and charges $100 to transfer your account out.

Reviewed by Yaniv Barshaf, CPA · Fees verified August 2026 · Our methodology

Disclosure: FeesWizard may earn a commission if you open an account through links on this page. This never affects our fee data or rankings — how we make money.

Bottom Line

Our verdict on Robinhood

For US and UK investors who want the simplest, genuinely commission-free way into US shares — and, in the UK, a free ISA with a low 0.10% FX fee — Robinhood is hard to beat on cost, as long as you don't need UK-listed shares or deep research.

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Capital at risk. This is not financial advice. Investing involves risk of loss.

Fees

stock Commission: $0 / £0 commission on US stocks, ETFs and options (crypto in the US only)
withdrawal: Free (bank/ACH); instant withdrawal 1.75% (US); account transfer out $100
inactivity: None
conversion: US: none (USD-only). UK: 0.10% FX on GBP/USD conversion on weekdays, 0.30% from Friday 17:00 ET to Sunday 17:00 ET and on US public holidays
spread: Tight; payment-for-order-flow model

Wondering how your money is protected? Read what happens if a broker goes bust →

Who Robinhood is best for

Robinhood suits US and UK beginners who want the simplest possible app and genuinely commission-free trading, and UK investors after cheap US-share access with a free ISA. It is a poor fit for anyone who wants UK- or EU-listed shares, deep research, or a wide choice of account types.

Robinhood fees in plain English

Stocks, ETFs and options trade at $0 commission (crypto too, in the US). In the US there is no FX fee because the account holds only USD; UK investors pay a low 0.10% currency-conversion fee on GBP↔USD conversions (0.30% at weekends and on US holidays). There is no inactivity fee. Bank/ACH withdrawals are free; instant withdrawals cost 1.75%. The notable charge is $100 to transfer your account out to another broker. Robinhood Gold adds extras (priced at $5/month in the US).

Safety and regulation

In the US, Robinhood is regulated by the SEC and FINRA and is a member of SIPC, which protects securities up to statutory limits. Its UK arm, Robinhood U.K. Ltd, is authorised and regulated by the FCA, though UK customers' US securities are custodied via Robinhood Securities LLC in the US under SIPC rather than the UK FSCS — a point worth checking for your own priorities. It has operated since 2013. Investing always carries risk of loss.

What you give up

The low cost comes with limits: research and education are basic, the range is US-listed securities only (no UK or other international markets, and no crypto in the UK), and order flow is monetised through payment-for-order-flow. The $100 exit fee also makes it slightly sticky if you later want to move.

Our Robinhood score: 4.8/5

How this is calculated →

Computed from the fee data on this page, not assigned by hand. Our commercial relationships are not an input.

Cost (45% of the score)98/100
Averages 0.01% of the portfolio a year in charges across our three benchmark investors.
Regulation & protection (20% of the score)100/100
Regulated by SEC, FINRA, SIPC, FCA. Tier-one regulators (FCA, BaFin, SEC and equivalents) carry the most weight.
Market & account breadth (15% of the score)78/100
Covers 2 of the asset classes we price and 2 account types.
Accessibility (10% of the score)100/100
Minimum deposit none; supports fractional shares; has mobile app.
Fee transparency (10% of the score)100/100
Publishes a schedule complete enough to model every charge and charges no inactivity fee.

Pros and cons

Robinhood

Pros

+Commission-free US stocks, ETFs and options
+Very low 0.10% FX fee for UK investors (weekday rate)
+Free Stocks & Shares ISA in the UK, with no account fee
+No inactivity fee and no minimum deposit

Cons

−US-listed securities only — no UK- or EU-listed shares
−$100 account-transfer-out fee
−No crypto in the UK; limited research and no demo account

Robinhood

Best for commission-free US-stock investing in the US and UK

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Capital at risk. This is not financial advice. Investing involves risk of loss.

Robinhoodfees & safety, in depth

Compare Robinhood head-to-head

Robinhood vs alternatives

Feature	Robinhood	Lightyear	Trading 212
Rating	4.8 / 5	5 / 5	4.9 / 5
Stock commission	$0 / £0 commission on US stocks, ETFs and options (crypto in the US only)	UK personal accounts (GIA and ISA): no execution fee on UK, US and European stocks or ETFs. EU accounts: GBP 1 per order on UK stocks, EUR 1 per order on EUR-denominated stocks, 0.1% on other European stocks, and 0.10% (min $0.10, max $1) on US stocks. ETFs are execution-fee-free on both.	0%
Withdrawal fee	Free (bank/ACH); instant withdrawal 1.75% (US); account transfer out $100	Free by local bank transfer. USD wire payments are charged (up to $8.50 UK, $6.11 EU).	Free
Inactivity fee	None	None	None
Min deposit	$0	$0	$1
Fractional shares	Yes	Yes	Yes
Demo account	No	No	Yes
Regulators	SEC, FINRA, SIPC, FCA	FCA, EFSA	FCA, CySEC

Frequently Asked Questions

Is Robinhood safe and legit?

Robinhood is regulated by SEC, FINRA, SIPC, FCA and has operated since 2013. All investing carries risk of loss.

What are Robinhood's fees?

Stock commission: $0 / £0 commission on US stocks, ETFs and options (crypto in the US only). Withdrawal: Free (bank/ACH); instant withdrawal 1.75% (US); account transfer out $100. Inactivity: None.

What is the minimum deposit for Robinhood?

The minimum deposit is $0.

Robinhood

Best for commission-free US-stock investing in the US and UK

Visit Robinhood

Capital at risk. This is not financial advice. Investing involves risk of loss.