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Robinhood comes to the UK – disaster for Hargreaves Lansdown & AJ Bell or just for newbie mug punters?

Tom Winnifrith
Thursday 18 June 2020

More than a million Americans a month opened a brokerage account with Robinhood in the first quarter of this year, most of them new to trading. The attraction: Robinhood charges no commission at all and you need just $1 to open an account. And now, as you can see below, it is coming to the UK this year. Great news or worrying news? It depends who you are. I start with my long held belief that traditional retail brokers like Hargreaves Lansdown  (HL) and AJ Bell (AJB) rip folks off with execution only charges that are far too high.

About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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