Robinhood Officially Expands to the United Kingdom
After a decade of success in the United States, popular stock-trading platform Robinhood has officially expanded its services to the United Kingdom. This marks the first international venture for the California-based company.
The official statement from Robinhood outlines key features for UK customers, including commission-free trading of over 6,000 US-listed stocks and ADRs, including well-known options like TSLA, AMZN, and AAPL.
At launch, the platform will offer “trading without foreign exchange (FX) fees, trading outside of market hours with Robinhood 24 Hour Market, and no account minimums.” A unique referral link will allow UK residents to move up the waitlist and gain early access to the app.
Robinhood’s CEO and co-founder, Vlad Tenev, expressed excitement about the company’s international expansion, emphasizing that the UK is an ideal place to launch its first brokerage product outside of the US. The move is seen as an opportunity for Robinhood to replicate its US success and increase access to the stock market for retail investors.
Jordan Sinclair, president of Robinhood UK, reaffirmed the company’s commitment to providing commission-free trading and financial education to UK customers. The platform offers access to US-listed stocks and ADRs, high-yield interest on uninvested cash, and additional features like Robinhood 24 Hour Market and advanced charts and market data.
As Robinhood’s global ambitions continue, the company looks forward to enhancing its localized offering based on customer feedback and introducing new products and features for UK customers.
This expansion to the UK represents a significant milestone in Robinhood’s efforts to democratize finance globally and increase access to the financial markets for all. It is expected to reach full availability in early 2024, and users can join the waitlist for early access.
