What Countries is Robinhood Available? (2023) (2024)

What Countries is Robinhood Available In?

As of now, Robinhood is exclusively available to investors residing in the United States. The platform has gained significant attention for its innovative no-commission model, offering a wide range of financial services including stock trading, options, and ETFs. Robinhood operates under the regulatory framework set by U.S. financial authorities such as FINRA and FinCEN.

Due to these stringent regulatory guidelines, the platform is unable to extend its services to investors beyond the U.S. at this time. Consequently, potential users from countries like the UK, Australia, Europe, and others will find that they cannot access Robinhood's groundbreaking financial services.

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Will Robinhood Expand to the UK or Europe?

Robinhood has not announced plans to extend its services to the UK or Europe. The primary reason lies in its current licensing arrangement, which is restricted to oversight by U.S. regulatory entities. It has not yet received the necessary clearances from key financial regulatory bodies in the UK and Europe, such as the Financial Conduct Authority (FCA) in the United Kingdom or the Cyprus Securities and Exchange Commission (CySEC) in Europe.

For Robinhood to successfully enter these markets, several steps would need to be taken. This includes complying with local financial regulations, obtaining the relevant licenses, and potentially making adjustments to its platform to meet the distinct needs of investors in these regions. Until these conditions are met, Robinhood remains a U.S.-only platform.

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What is the Best Robinhood Alternative?

For those who are in search of a dependable broker beyond the U.S. borders, eToro stands outas a leading alternative to Robinhood. With a global reach that includes a portfolio of over 3,000 assets, eToro has built a robust community, boasting more than 30 million users worldwide. The platform distinguishes itself through an easy-to-use interface and a wide variety of investment options, making it an excellent choice for anyone seeking a trustworthy substitute for Robinhood's services.

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Who Owns Robinhood?

Robinhood Markets Inc is now a publicly listed company (NASDAQ: HOOD) with a public valuation of over $7.81 billion. The company was initially founded by Vlad Tenev and Baiju Bhatt and backed by large Silicon Valley venture capital firms such as DST Global, Sequoia Capital, a16z and Ribbit Capital.

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Can I use Robinhood Outside of the US?

While U.S. citizens and residents can access Robinhood's services from abroad, they may encounter specific restrictions or limitations. Nonetheless, Robinhood's platform is not available for sign-up or use by non-U.S. citizens as it is designed to cater exclusively to the U.S. market.

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Bottom Line

In summary, Robinhood is a U.S.-centric financial platform known for its zero-commission trading in assets like stocks, options, and ETFs. While it has not extended its reach to markets outside the U.S., eToro serves as a noteworthy alternative for international investors. Robinhood Markets Inc., publicly listed and valued at over $7.81 billion, was co-founded by Vlad Tenev and Baiju Bhatt and enjoys backing from significant venture capital firms. The platform's geographic limitations are largely due to its current regulatory licensure, making it unavailable to non-U.S. residents at this time.