Robinhood Expands Brokerage Services to UK

The US-based stock trading company Robinhood Markets, Inc. (Robinhood) announced today (November 30, 2023) the introduction of its brokerage services to the United Kingdom, which represents a significant milestone in the firm’s international expansion journey.

The brokerage notes that it will grant access to its app in the UK on a rolling basis over the following weeks, reaching full availability in early 2024.

UK customers will gain access to over commission-free trading of more than 6,000 US-listed stocks and ADRs. In addition, Robinhood will offer trading without foreign exchange (FX) fees, trading outside of market hours, and no account minimums.

"For too long, UK investors have incurred high fees to invest in the US markets and earned low returns on their uninvested cash. We’re excited to give UK customers access to the Robinhood experience, remove unnecessary fees, and join our more than 23 million investors," said Jordan Sinclair, President of Robinhood UK. "Ahead of our general availability early next year, we’ll listen to feedback from customers and enhance the localised offering. This is just the beginning for Robinhood UK and our global ambitions."

"Since we launched Robinhood a decade ago, it's always been our vision to expand internationally. As a hub for innovation, global finance and top tech talent, the United Kingdom is an ideal place for us to launch our first international brokerage product," said Vlad Tenev, CEO and Co-Founder of Robinhood. 'We look forward to continuing to engage with customers and policymakers as we expand our offerings in the UK."

Previously, Robinhood announced its operating data​ for October 2023, showing that its trading volume in crypto doubled on a month-on-month basis.