Robinhood Alternatives

Fidelity is the best Robinhood alternative for most investors in 2026. It keeps the $0 online commission model for US stocks and ETFs, but adds a substantially broader investment range, including mutual funds, bonds, CDs and international stocks, plus stronger research and retirement-account options.

If you are leaving Robinhood specifically because you want better active-trading tools, Webull is the better replacement. If you need international markets and professional-grade trading infrastructure, choose Interactive Brokers. For thinkorswim and a full-service brokerage, choose Charles Schwab.

The important point is that there is no single Robinhood competitor that wins every category. The right replacement depends on what Robinhood is failing to do for you.

The best Robinhood alternatives at a glance

Fees and features can change. Regulatory, exchange, fund, transfer, subscription and other charges may also apply.

1. Fidelity: best Robinhood alternative for most investors

Fidelity charges $0 commissions for online US stock and ETF trades. Online options trades carry a $0.65 per-contract fee. Fidelity also supports bonds, CDs, mutual funds and international stocks, giving investors considerably more choice than Robinhood’s self-directed brokerage.

That matters because Robinhood still does not support self-directed trading in mutual funds, individual bonds, foreign-domiciled stocks or stocks trading directly on foreign exchanges. Robinhood does provide access to many international companies through American Depositary Receipts, or ADRs.

Fidelity is also much more than a passive-investing platform. Fidelity Trader+ provides advanced charting, real-time data, technical indicators, multi-monitor support and trading across mobile, web and desktop. Fidelity also provides third-party investment research and screeners for stocks, ETFs, bonds, mutual funds and options.

Choose Fidelity if you want:

• One brokerage for short-term investing, retirement and long-term wealth building
• Mutual funds or individual bonds
• Deeper stock and fund research
• More retirement-account options
• A broker you are less likely to outgrow

Do not choose Fidelity purely to save on options fees

Robinhood currently offers commission-free trading in stocks, ETFs and their options, although regulatory and exchange fees can still apply. Fidelity charges $0.65 per options contract for standard online options trades.

For frequent options traders, Webull may therefore be the more natural Robinhood alternative.

2. Webull: best Robinhood alternative for active traders

Webull charges no commission for US exchange-listed stocks, ETFs and standard stock and ETF options. Certain index options cost $0.50 per contract, oversized options orders can incur a $0.10 per-contract fee, and regulatory or exchange fees can still apply.

The bigger difference is the trading interface.

Webull offers options screeners, volatility analysis, probability analysis, profit-and-loss diagrams, multi-leg strategy tools and paper trading. These are useful upgrades for traders who have moved beyond Robinhood’s simpler execution-focused experience.

Webull is best for:

• Active stock and ETF traders
• Frequent options traders
• Technical analysis
• Paper trading
• Investors who still want a mobile-first brokerage

The trade-off is complexity. Robinhood is intentionally simple. Webull exposes more market data and trading controls, which is an advantage for an active trader but unnecessary for somebody buying an index ETF every month.

Webull also states that payment for order flow is one of its revenue sources. Investors specifically switching broker because of order-routing concerns should review execution and routing disclosures rather than assuming that “commission-free” means every broker uses the same business model.

3. Charles Schwab: best for thinkorswim and a full-service brokerage

Schwab charges $0 online commissions for listed stocks and ETFs. Standard options trades have no base commission and cost $0.65 per contract.

Its biggest differentiator is thinkorswim.

The thinkorswim platform suite includes desktop, web and mobile trading, advanced charting, screeners, conditional orders, paperMoney simulated trading and support for stocks, ETFs, options, futures and forex. Schwab also provides 24/5 trading in more than 1,100 stocks and ETFs through thinkorswim.

Choose Schwab over Robinhood if:

• You want thinkorswim
• You trade complex options strategies
• You want advanced charting and paper trading
• You want both active trading and conventional long-term investing under one brokerage
• Research and human support matter more than an ultra-minimal interface

For an investor who has genuinely outgrown Robinhood rather than simply becoming annoyed with it, Schwab is one of the most logical upgrades.

4. Interactive Brokers: best for global markets and serious investors

Interactive Brokers provides access to stocks, options, futures, currencies, bonds and funds across 170 markets in 40 countries and 29 currencies.

That is a fundamentally different proposition from Robinhood.

Robinhood supports US-listed securities, ADRs and some Canadian and Israeli securities, but it does not generally support foreign-domiciled stocks or direct trading on foreign exchanges.

Interactive Brokers therefore makes considerably more sense for an investor who wants to buy securities directly across international markets rather than simply gain foreign exposure through US-listed ETFs or ADRs.

Pricing depends on the account structure. IBKR Lite offers $0 commissions on US-listed stocks and ETFs for eligible US residents, while IBKR Pro uses fixed or tiered commissions. US options pricing can range from $0.15 to $0.65 per contract depending on volume and contract premium.

Interactive Brokers is best for:

• International stocks
• Multi-currency portfolios
• Futures and foreign exchange
• Bonds and fixed income
• Advanced order execution
• Professional or highly active investors

The downside is that Interactive Brokers solves problems most Robinhood users do not actually have. If you only buy US stocks and ETFs from your phone, the additional power creates complexity without much benefit.

5. M1: best Robinhood alternative for automated portfolio investing

M1 centres its investing experience around portfolios called Pies. Investors assign target percentages to individual investments, schedule recurring deposits and enable Auto-Invest. New money is then directed towards underweight portions of the portfolio to bring the allocation closer to its targets.

That makes M1 fundamentally different from a trading-first application.

Robinhood is designed to make individual investment transactions easy. M1 is designed to make maintaining a target portfolio easier.

For example, an investor could create a portfolio containing:

• 60% US equity ETF
• 20% international equity ETF
• 15% bond ETF
• 5% individual stocks

Future deposits can then be allocated towards whichever holdings are below their target weight instead of requiring the investor to calculate each purchase manually.

There are two important catches.

First, M1 trades during scheduled trading windows rather than behaving like a conventional real-time brokerage for every transaction. Depending on eligibility and account type, trading occurs once or twice per day.

Second, M1 can charge a $3 monthly platform or IRA fee unless the account qualifies for a waiver, such as by meeting M1's asset threshold.

For active trading, that makes M1 a poor Robinhood substitute.

For systematic long-term investing, it is one of the more interesting alternatives because the product is solving a different problem.

6. Public: best modern Robinhood alternative for bonds and Treasuries

Public supports stocks, ETFs, options, bonds and cryptocurrency, and it offers Treasury products with maturities ranging from three months to 30 years.

Robinhood’s self-directed brokerage currently does not support bonds or fixed-income trading.

That creates a clear reason to choose Public rather than another Robinhood clone.

Public also offers automated Investment Plans. Investors can create recurring allocations containing up to 20 stocks, ETFs or cryptocurrencies, with daily, weekly, biweekly or monthly investing schedules.

However, check the fee structure carefully. Standard Investment Plans containing stocks or ETFs can incur transaction fees based on the number of securities in the plan, while Public Premium waives those plan fees. Public Premium currently costs $10 per month unless access is unlocked through the qualifying balance threshold.

Public and payment for order flow

There is also an important 2026 distinction that older comparisons can miss.

Public's current disclosure says investors can select different routing methods for exchange-listed stocks and ETFs. The wholesale route can generate payment for order flow, while its Smart Order and lit-exchange routes operate differently. Some automated products are generally routed through the wholesale route.

So the old blanket statement that Public simply “does not accept PFOF” should not be repeated without qualification.

Is Robinhood still worth using in 2026?

Robinhood’s self-directed brokerage offers more than 11,200 securities, including most US stocks and ETFs, options, ADRs, selected OTC securities and other exchange-listed products. Robinhood also provides cryptocurrency through Robinhood Crypto.

Robinhood Gold costs $5 per month or $50 per year and currently adds benefits including eligible brokerage cash interest, the first $1,000 of margin borrowed interest-free, higher instant deposits and a 3% match on eligible annual IRA contributions. Conditions apply to the IRA match, including holding requirements.

That means leaving Robinhood simply because other brokers offer commission-free stock trading is weak reasoning. Zero-commission US stock and ETF trading is now available at Fidelity, Schwab, Webull, Interactive Brokers and numerous other competitors.

Switch when the alternative gives you a capability you will actually use.

Which Robinhood alternative should you choose?

The quickest way to decide is to identify the exact reason you are leaving Robinhood.

If you want...	Choose...
The best overall Robinhood replacement	Fidelity
A similar mobile-first experience with stronger trading tools	Webull
thinkorswim and advanced analysis	Charles Schwab
Direct access to international markets	Interactive Brokers
Automated target-based portfolio investing	M1
Individual bonds and Treasury products in a modern app	Public
Mainly commission-free US stocks and a very simple interface	Keep Robinhood

Is Webull better than Robinhood?

Webull provides advanced options analysis, screeners, probability tools and paper trading while maintaining $0 commissions on standard US-listed stocks, ETFs and stock and ETF options.

Neither platform is automatically “better”. Webull wins when trading functionality is the deciding factor.

What is the best Robinhood alternative for beginners?

The advantage is not that Fidelity is simpler than Robinhood. It is that Fidelity gives a beginner significantly more room to grow into mutual funds, bonds, retirement accounts, research and advanced trading tools within the same brokerage.

If absolute interface simplicity matters more than that breadth, staying with Robinhood can still be the better decision.

What is the best Robinhood alternative for options trading?

Webull charges no contract fee on standard stock and ETF options, subject to exceptions and regulatory or exchange fees. Schwab charges $0.65 per standard options contract but provides the full thinkorswim trading suite.

Choose based on the actual bottleneck. If trading costs dominate, look at Webull. If analysis and platform depth dominate, look at Schwab.

What is the best Robinhood alternative for international investing?

Interactive Brokers supports investing across 170 markets in 40 countries and 29 currencies, including stocks, options, futures, currencies, bonds and funds. Robinhood primarily centres its securities brokerage around US-listed products and does not generally offer direct foreign-exchange-listed stock trading.

Final verdict

Fidelity retains the low-cost US stock and ETF trading that made Robinhood attractive while providing substantially more investment choice, research and account depth. It is the Robinhood alternative that makes sense for the broadest range of investors.

Choose Webull instead if you are an active trader. Choose Schwab if thinkorswim is the reason you are moving. Choose Interactive Brokers for international and professional-grade trading. Choose M1 for portfolio automation. Choose Public when direct bond and Treasury access is the missing piece.

And if none of those solve a problem you actually have, the best Robinhood alternative may be no alternative at all. Robinhood is materially broader in 2026 than the basic commission-free trading app many older comparison pages still describe.