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Robinhood

The zero-commission pioneer, funded almost entirely by order-flow payments. Now also the largest regulated issuer of tokenized US equities — but only for EU customers.

Broker score
68/100
US stock commission
$0
FX conversion
None / USD only
On non-USD funding, each way
Order flow sold
Yes

How the score is built

  • Regulation & protection (40%)78
  • Pricing transparency (25%)58
  • Track record (20%)55
  • Product breadth (15%)76

Weighted per the methodology. Affiliate status never affects the score.

The details that cost money

Options
$0
Fractional shares
Yes
Account minimum
$0
Jurisdictions
US, UK, EU (tokenized products EU-only)
Investor protection
SIPC $500k
Crypto access
Yes
Tokenized assets
Yes
Verified
2026-08-14

Source: published fee schedule

Incident history

  • · January 2021: buying restricted in GME and other meme stocks during the squeeze source
  • · 2021 FINRA fine, $70m, over outages and misleading communications source
  • · 2020 SEC settlement, $65m, over order-execution disclosures source

Robinhood, answered

+ Is Robinhood safe?

Robinhood operates under the protection scheme listed as: SIPC $500k. That covers the failure of the broker, not the performance of your investments. Check which legal entity holds your account — several brokers operate different entities with different coverage per region.

+ What does Robinhood really charge?

Read three lines together: the commission, the currency conversion charge if you fund in a non-USD currency, and whether the broker sells order flow. For most international investors the conversion charge is the largest of the three.

Informational only, not financial advice. Terms, fees and availability change frequently — always verify on the provider's own site before committing funds. Some outbound links may be partner links; they never affect ranking or scoring.

Informational comparison only — not investment advice or a recommendation to trade.