Investing and Trading

Apps Like Robinhood: Best Commission-Free Investing Alternatives

Robinhood’s GameStop trading halt, $45 million SEC fine, and payment for order flow have eroded trust with retail investors. Here are the best commission-free trading apps with better support and fewer conflicts of interest.

Why People Look for Robinhood Alternatives

Robinhood halted GameStop (GME) purchases in January 2021 during the short squeeze, triggering congressional hearings and destroying trust with retail investors who felt the platform protected hedge funds over users.
The SEC fined Robinhood $45 million in January 2025 for securities law violations including suspicious activity reporting failures and cybersecurity negligence that led to a 2021 data breach exposing 7 million customer records.
Payment for order flow (PFOF) means your trades are sold to market makers like Citadel — creating a fundamental conflict between your best execution and the company’s revenue.
Customer support is widely rated as the worst among brokerages — users cite account restrictions, withdrawal delays, and inability to reach a human during high-stress market events.

6 Best Alternatives to Robinhood

Each app below addresses a specific gap in Robinhood's offering. We picked them based on real user review patterns and feature differentiation.

Fidelity

Full-service brokerage with $0 commissions

Routinely ranked the best overall brokerage. Commission-free stocks and ETFs, 3,300+ no-fee mutual funds, zero-fee index funds, and 24/7 customer support with actual humans. Fractional shares, retirement accounts, and Morningstar research included free.

Investors who want a real brokerage with human support $0 commissions ($0.65/options contract)
Explore Fidelity data →

Charles Schwab

Comprehensive investing with top-tier research

One of the largest and most trusted brokerages in the US. Commission-free trading on stocks, ETFs, and options. Absorbed TD Ameritrade’s thinkorswim platform for active traders. Low-cost Schwab-branded ETFs rival Vanguard and Fidelity on fees.

Active traders and long-term investors alike $0 commissions ($0.65/options contract)
Explore Charles Schwab data →

Webull

Advanced charting with zero commissions

The closest Robinhood competitor in mobile-first design, but with significantly better charting and analysis tools. Commission-free trading, extended hours, paper trading for practice, and educational courses. Popular with technical traders.

Mobile traders who want better analysis tools $0 commissions
Explore Webull data →

SoFi Invest

Investing inside a financial super-app

Commission-free stocks, ETFs, and options with no per-contract fees — one of the few brokers that charges zero on options trades. Part of SoFi’s broader platform with banking, loans, and credit cards. Automated investing with no management fees.

Beginners who want investing and banking in one app $0 commissions (no options contract fees)
Explore SoFi Invest data →

Public

Transparent investing with no PFOF

The anti-Robinhood: Public eliminated payment for order flow entirely, meaning your trades aren’t sold to market makers. Stocks, ETFs, options, bonds, and crypto in one app. Offers a 1% match on IRA contributions.

Investors who want transparency and no PFOF Free (Premium $10/mo, free over $50K)
Explore Public data →

Acorns

Automated investing from spare change

Rounds up everyday purchases and invests the spare change into diversified ETF portfolios. Fully automated — no stock picking or chart reading required. Includes retirement accounts and a checking account. Built for people who want to invest without thinking about it.

Passive investors and total beginners $3/mo Personal, $5/mo Family
Explore Acorns data →
How we found these alternatives

We found these alternatives by analyzing review patterns across hundreds of investing and trading apps. Users switching from Robinhood most commonly cite the GameStop incident, poor customer support, PFOF concerns, and regulatory fines.

Frequently Asked Questions

Fidelity and Charles Schwab are the safest alternatives — both are established brokerages with decades of track record, SIPC protection, and 24/7 customer support. They offer commission-free trading like Robinhood but with institutional-grade security and customer service.

PFOF means Robinhood routes your trades to market makers like Citadel in exchange for payments. This creates a conflict of interest: you may not get the best price on your trades. Public eliminated PFOF entirely. Fidelity uses PFOF but has demonstrated strong execution quality.

Robinhood Gold includes higher APY on uninvested cash, a 3% IRA match, Morningstar research, and larger instant deposits. But Fidelity and Schwab offer similar research and features for free, making Gold less compelling for most investors.

App Vulture uses AI-powered review intelligence to analyze what real users say about apps — their pain points, feature requests, and reasons for switching. We identified these alternatives by analyzing review patterns across investing and trading apps.

Browse More App Alternatives

Tool Comparisons

Discover your next favorite app

App Vulture analyzes real app store reviews to find market opportunities, underserved niches, and hidden gems.