Robinhood alternatives in Australia

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 alternative platforms to Robinhood that offer the same low or zero brokerage fees for US stocks.

• Learn more about Robinhood

  Robinhood is a US trading platform founded in 2013 that offers zero commissions on stocks, options and ETFs.

  The good thing about Robinhood is it's cheap. Thanks to its low fees, range of trading options and minimalist design targeting younger investors, it's popular among traders.

  Users of the app often trade stock options and other assets such as cryptocurrencies using leverage. This is a higher-risk form of trading because both your profits and losses are amplified.

  You can check out our Robinhood review from Finder US for more on the app.

  However, you can't access it unless you hold US residency.

Robinhood alternatives in Australia

Finder Score	AU Trading Fee	US Trading Fee	Asset Class
Finder Score 8.7 Great eToro	Finder Score 8.7 Great	US$2.00	US$2.00	ASX shares,Global shares,US shares,ETFs,Cryptocurrencies	$150 REWARD Go to siteView details Compare product selection Compare	loading	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 & cons 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
Finder Score 9.3 Excellent Tiger Brokers Finder Award	Finder Score 9.3 Excellent	$3.00	US$2.00	ASX shares,Global shares,Options trading,US shares,ETFs	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.	$120 REWARD Go to siteView details Compare product selection Compare	loading	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 TigerGPT. It’s also one of the few platforms in Australia with access to US options at a very competitive price. Pros & cons 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
Finder Score 9.3 Excellent IG Share Trading Finder Award	Finder Score 9.3 Excellent	$0.00	US$0.00	ASX shares,Global shares,US shares,UK shares,ETFs	Go to siteView details Compare product selection Compare	loading	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 & cons 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
Finder Score 9.9 Excellent CMC Invest Finder Award	Finder Score 9.9 Excellent	$0.00	$0.00	ASX shares,Global shares,Options trading,US shares,mFunds,ETFs,Cryptocurrencies	Go to siteView details Compare product selection Compare	loading	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 & cons 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.
Finder Score 9.8 Excellent Webull Finder Award	Finder Score 9.8 Excellent	$1.00	$0.00	ASX shares,Global shares,Options trading,US shares,ETFs,Cryptocurrencies	Welcome offer: Receive 5 US fractional shares by depositing or transferring AUD$500 or more into a new account. 2% cashback is also available to those who provide additional funding and execute a trade in the US market. Expires on 30 June. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	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 & cons 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
Finder Score 9 Excellent Stake Share Trading	Finder Score 9 Excellent	$3.00	US$3.00	ASX shares,US shares,ETFs,Warrants,Bonds	Free credit: Get $10 in credit for funding your AU account and a free US stock for funding your US account within 24 hours of opening. T&Cs apply.	View details Compare product selection Compare	loading	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 & cons 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 best alternative to Robinhood because it offers many of the same features:

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

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 U.S. Total Market Shares Index ETF (ASX: VTS).

VIDEO: Robinhood IPO explained in 60 seconds

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Frequently asked questions

• Can you use Robinhood in Australia?

  Unfortunately, Robinhood is not available to Australian investors. You can't sign up to the broker from here.

  However, if you were to travel to Australia, the platform states it should work. According to Robinhood, its platform should work in all countries, with the exception of Cuba, Iran, North Korea, Syria and the Crimea region of Ukraine.

• What is the Australian equivalent of Robinhood?

  If you're looking for a low-cost broker that allows you to trade in the US, there's actually a stack of options available to Australian investors.

  eToro might be the closet broker to Robinhood as it lets you trade US stocks as well as crypto.

• Why is Robinhood considered so good?

  Robinhood became one of the more popular US brokers due to its retail trader-friendly features including low costs and an easy-to-use trading app.

• Can I buy ASX stocks on Robinhood?

  No, as well as not being available to Australian users, Robinhood also doesn't list any ASX stocks on its trading platform.

• Which is the largest share trading platform in Australia?

  CommSec is Australia's largest online trading platform. it is also the oldest share trading platform is the best among the Big Four banks according to our algorithm.

• I am a beginner, which platform should I consider?

  There is no single trading platform that will fit all your needs or perfectly fit your individual circumstances. But consider reading our 'best trading platform for beginners' guide to get the relevant information.

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.

Written by

Kylie Purcell

Investments Analyst

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

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