Robinhood alternatives in Australia

You can't access Robinhood in Australia, so here are 5 low-cost alternatives to trade US stocks.

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By

Kylie Purcell

Edited by

Joselle Delos Reyes

Updated

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4.6 based on 837 reviews

Key takeaways

  • You cannot access Robinhood in Australia, though many platforms offer $0 or low US stock brokerage.
  • Platforms like IG Share Trading and CMC Invest offer zero brokerage on many US stocks and ETFs.
  • Look for Finder Rewards on alternatives like eToro and Tiger Brokers for cash back offers.

Popular American broker Robinhood is known for being the low-cost app of choice among millennial traders.

It may well be the most widely recognised online broker today, thanks to its role in popularising zero-brokerage trading.

The only problem is Australians can't use it. Despite being regularly cited in the media, the app has not launched in Australia and Robinhood has not announced any plans to do so.

So we've created a list of alternative platforms to Robinhood that offer the same low or zero brokerage fees for US stocks.

Robinhood alternatives in Australia

eToro logo
8.7 Great
eToro
Most Loved
8.7 Great
US$2.00
US$2.00
ASX shares, Global shares, US shares, ETFs, Cryptocurrencies
$150$150 Reward

Finder Rewards: Join Finder then sign up as a new eToro customer through Finder, deposit at least $300 and complete a trade within 60 days of account opening to receive a $150 digital Visa gift card. Ends 31 Dec 2026. T&Cs apply.

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Why we like it

With an eToro trading account, you get low-commission AU, US, European and Hong Kong stock trading plus access to forex, cryptocurrencies, ETFs and commodities. eToro may well be the closest app to Robinhood that we have available. Like Robinhood, it's a low-cost platform angled at the next generation of traders. eToro also allows you to trade a mix of stocks, commodities and currencies using leverage.

Pros

  • US$2 commissions on ASX and global stocks
  • Low minimums
  • Fractional shares
  • Copy-trading feature
  • Trade 20 global exchanges
  • A single account for stocks, forex, CFDs and cryptocurrency

Cons

  • Account base currency always in US dollars
  • Offers CFDs and other riskier products
  • No MetaTrader 4 (MT4)
  • Forex trading fees higher than some others
Tiger Brokers logo
9.3 Excellent
Tiger Brokers
Finder Award
9.3 Excellent
$3.00
US$2.00
ASX shares, Global shares, Options trading, US shares, ETFs
$120$120 Reward

Finder Rewards: Join Finder then sign up to Tiger Brokers through Finder, deposit $2,000 within 7 days and complete a qualifying BUY trade within 20 days to receive a $120 digital Visa gift card. Ends 31 Dec 2026. T&Cs apply.

Deposit any amount and receive $20 to trade in Tiger Brokers. Plus 4x zero brokerage trades and no FX fees on the first $2,000 you exchange every month. T&Cs apply.
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Why we like it

Like Robinhood, Tiger Brokers offers low cost US fractional stock and options trading. It stands out from other platforms on this list thanks to its access to high quality research and data and its AI chatbot feature TigerAI. It’s also one of the few platforms in Australia with access to US options at a very competitive price.

Pros

  • Trading Australian, US and Hong Kong stocks, China A-shares
  • US and HK ETFs and options trading
  • Easy-to-use mobile trading
  • Competitive brokerage
  • No minimum deposit required
  • Real-time streaming quotes
  • Generous sign-up offers
  • High-interest earning cash account
  • CHESS-sponsored accounts
  • Margin lending account and margin trading

Cons

  • You'll find slightly cheaper brokerage elsewhere for ASX shares
  • Limited educational resources
  • Limited markets available
IG Markets logo
9.3 Excellent
IG Share Trading
Finder Award
9.3 Excellent
$0.00
US$0.00
ASX shares, Global shares, US shares, UK shares, ETFs
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Why we like it

Like Robinhood, IG offers zero brokerage trading for US stocks and ETFs, but it goes a step further and adds an international offering. It provides access to stock markets in Australia, Germany, Ireland and the UK. Users can also trade forex, cryptocurrencies and commodities using IG's platform.

Pros

  • $0 brokerage for Australian and global shares.
  • A single platform for global and ASX stocks, CFDs, forex (CFDs) and cryptocurrencies (CFDs)
  • Extended hours trading on US stocks
  • Competitive spreads
  • Educational resources

Cons

  • Currency conversion fee higher than some others
  • Encourages more active traders
  • Limited global markets
  • Limited order types
CMC Invest logo
9.9 Excellent
CMC Invest
Finder Award
9.9 Excellent
$0.00
$0.00
ASX shares, Global shares, Options trading, US shares, mFunds, ETFs, Cryptocurrencies
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Why we like it

If you're looking for low fees, CMC has you covered. It has some of the lowest fees in Australia for both global and Australian (CHESS-sponsored) shares. With CMC's stock trading account, you get zero brokerage fees on stocks and ETFs from the US, the UK, Canada and Japan, although like most platforms, you do pay a small currency conversion fee. Australian shares start at $0 brokerage for trades of up to $1,000.

Pros

  • Low brokerage fees. With $0 brokerage on US, UK, Canadian and Japanese markets and on 1 ASX trade per day up to $1,000, CMC Invest offers a competitive service.
  • Wide range of trading options. CMC Invest allows you to trade a full suite of investment products from shares to managed funds.
  • Research features. CMC Invest offers an impressive range of research tools, including broker stock ratings, ETF and stock filtering tools and technical analysis charts.
  • Strong educational resources. The broker offers a range of educational resources including webinars, eBooks, podcasts, videos, training guides and "learn to trade" functions.

Cons

  • High minimum trade on global shares. There's a $1,000 minimum trade value for all global markets.
  • Hefty phone brokerage fee. CMC Invest charges a sizeable phone trade brokerage fee of around $60.
  • High brokerage for some countries. Trading stocks outside of Australia, US, UK, Canada and Japan costs $59.00 or 0.59% in commission.
Webull logo
9.8 Excellent
Webull
Finder Award
9.8 Excellent
$1.00
$0.00
ASX shares, Global shares, Options trading, US shares, ETFs, Cryptocurrencies
$150$150 Reward

Finder Rewards: Join Finder then sign up to Webull as a new customer, deposit at least $2,000 in a single transaction and place at least 1 BUY order for a US-listed stock or ETF to receive a $150 digital Visa gift card. Ends 2 Dec 2026. T&Cs apply.

Bonus offer: Get up to 25,000 bonus Qantas Points on eligible Webull deposits and share transfers by 31 Jan 2027. Plus, earn monthly points on your international trades. T&Cs apply.
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Why we like it

Like Robinhood, Webull is hugely popular in the US thanks to its low costs and relatively easy-to-use platform. Having launched in Australia in late 2022, the online broker offers US, Australian and Hong Kong stocks and ETFs plus US options. In September 2025, Webull also launched cryptocurrency trading.

Pros

  • Cheap brokerage ($0 for ETFs)
  • In-built news platform and educational resources
  • Allows you to trade fractional shares
  • Auto-investing feature
  • Trade stocks from ASX, US and Hong Kong
  • Trade over 200 cryptocurrencies
  • In-depth market data

Cons

  • No Australian options
  • Limited global markets
  • Limited order types
Stake logo
9 Excellent
Stake Share Trading
9 Excellent
$3.00
US$3.00
ASX shares, US shares, ETFs, Warrants, Bonds
Get a free US stock when you open and fund your Wall St account within 24 hours. T&Cs apply.
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Why we like it

Stake is a slick low-cost brokerage trading app for US stocks and ETFs. Users can trade thousands of stocks and ETFs listed on the NYSE and Nasdaq on their mobile or desktop. Unlike Robinhood, it doesn't allow trading with leverage and users don't have access to other assets such as forex or cryptocurrency.

Pros

  • $3 brokerage when you buy and sell stocks
  • 12 months of $0 ASX brokerage when you refer three friends or transfer $1000 of Australian shares to Stake
  • User-friendly platform and app that takes just minutes to set up
  • Fractional US investing: Instead of buying individual shares, you can invest smaller dollar amounts (minimum $10)
  • Free access to pre-market and after hours US market sessions

Cons

  • Doesn’t contain all the features of an all-in-one trading platform
  • If you’re looking to buy shares outside of the U.S. and Australian share markets
  • Have to pay for certain tools through Stake Black
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What's the best Robinhood alternative?

We've judged eToro to be the closest alternative to Robinhood because it offers many of the same features:

  • US$2.00 brokerage US stock trading
  • You can protect your funds with investment insurance features
  • Social trading tools such as "copy trading"
  • Fractional share trading available
  • Cryptocurrency trades available

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Can you invest in Robinhood stock from Australia?

While you can't actually use Robinhood in Australia, you can still invest in the company itself. Robinhood Markets Inc (HOOD) trades on the Nasdaq stock exchange in the US, which means you can buy Robinhood (HOOD) stocks through any trading platform that lets you invest in US stocks.

You can also get exposure to HOOD via the Australian Securities Exchange through ASX ETFs that track US stocks, like the Vanguard Morningstar US Total Market Shares Index ETF (ASX: VTS).

VIDEO: Robinhood IPO explained in 60 seconds

0:58

Frequently asked questions

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To make sure you get accurate and helpful information, this guide has been edited by Joselle Delos Reyes as part of our fact-checking process.
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Written by

Investments Analyst
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Kylie Purcell is an experienced investments analyst and finance journalist with over a decade of expertise in a wide range of financial products, including online trading platforms, robo-advisors, stocks, ETFs and cryptocurrencies. She is a sought-after commentator and regularly shares her insights on the AFR, Yahoo Finance, The Motley Fool, SBS and News.com.au. Kylie hosts the Investment Finder video series and actively contributes to the investment community as a judge and panellist. She holds a Master of Arts in International Journalism, a Graduate Diploma in Economics, and ASIC-recognised certifications in securities and managed investments. See full bio

Kylie's expertise
Kylie has written 166 Finder guides across topics including:
  • Investment strategies
  • Financial platforms
  • Stockbrokers
  • Robo advisors
  • Exchange traded funds (ETFs)
  • Ethical investing
  • ASX stocks
  • Stock and forex markets
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