{"id":484545,"date":"2021-09-11T05:09:38","date_gmt":"2021-09-11T09:09:38","guid":{"rendered":"https:\/\/financhill.com\/blog\/?p=484545"},"modified":"2021-08-26T17:12:25","modified_gmt":"2021-08-26T21:12:25","slug":"robinhood-alternatives","status":"publish","type":"post","link":"https:\/\/financhill.com\/blog\/investing\/robinhood-alternatives","title":{"rendered":"6 Robinhood Alternatives"},"content":{"rendered":"

Robinhood Markets Inc (NASDAQ:HOOD<\/a><\/strong>)<\/strong> is one of the most popular apps for retail traders. It gained notoriety at first for offering commission-free trading, and thereafter for selling customer order flows.<\/span><\/p>\n

But it remains popular with a sleek user interface and “game-ified” platform that serves <\/span>18 million users<\/span><\/a> (most of whom are active monthly). <\/span><\/p>\n

Some users are concerned that free is not truly free – “if you’re not paying for a product, you are the product.” <\/span><\/p>\n

Building a diversified portfolio is about more than just choosing diverse investments \u2013 you should also diversify your brokers in the event that a single platform goes down, as Robinhood has in the past.<\/span><\/p>\n

Here are six alternatives to Robinhood that allow you to take control over your investment portfolio.<\/span><\/p>\n

1. TD Ameritrade<\/b><\/h2>\n

TD Ameritrade<\/span><\/a> is a broker founded in 1975 and acquired by Charles Schwab Corporation<\/a> (<\/strong><\/span>NYSE:SCHW<\/a><\/strong>)<\/strong> in 2020. <\/span><\/p>\n

It has over 11 million clients with more than $1 trillion in assets under management. Like Fidelity, the company is known for providing better deals and more robust services than its smaller, newer rivals.<\/span><\/p>\n