Updated October 1, 2026 · BrokerCue Editorial Team
Afranga vs Robinhood
Afranga vs Robinhood: the differences
| Compare |  Afranga |  Robinhood |
|---|---|---|
| Minimum deposit | €10 | $0 |
| Account fee | €0 | $0 |
| Regulators | Financial Supervision Commission of Bulgaria | Bank of Lithuania (LSC), LT BL, SIPC |
| Investor protection | None: not covered by any deposit guarantee scheme or investor compensation scheme | EU ICS up to EUR 20,000 |
| Deposit and withdrawal fees | Depositing money Free; Withdrawing money Free | $100 outgoing transfer |
| Stock trade fee | Not confirmed | $0 |
| Inactivity fee | Not confirmed | $0 |
| Markets | Not confirmed | Stocks, ETFs, Options, Futures, Crypto |
| Margin rate | Not confirmed | 3.95% |
| Options contract fee | Not confirmed | $0 |
| Platforms | Not confirmed | Robinhood app, Robinhood Legend |
| Account types | Not confirmed | IRA, Roth IRA, Joint |
| Maximum retail leverage | Not confirmed | 10X |
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Key differences
- Robinhood scores higher overall: 9.4 vs 9.3.
- Regulators: only Afranga offers Financial Supervision Commission of Bulgaria.
- Regulators: only Robinhood offers Bank of Lithuania (LSC), LT BL, SIPC.
- Founded is lower at Robinhood: 2013 vs 2021.
- Robinhood is licensed in 1 more country.
- Pricing model: only Robinhood offers Commission free.
- Audience: only Robinhood offers Day traders.
Our verdict on each
Afranga
Afranga suits beginners who want a small entry point and a published target range on business lending. Charges of €0 and Depositing money Free; Withdrawing money Free keep running costs light, though 8% to 16% is a target rather than a promise and investor protection is listed as none.
Robinhood
Robinhood suits first-time investors and small, regular investors who want nothing charged for holding or trading. It is the cheapest way in on our data, with a minimum deposit of $0, no account fee and no inactivity charge, under the Bank of Lithuania and SIPC.
Score breakdown
| Area | Afranga | Robinhood |
|---|---|---|
| Cost | 10.0HigherAccount fee is €0 and Depositing money Free; Withdrawing money Free shows both directions are free. | 9.6Stock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. |
| Offer | 9.5HigherTarget return of 8% to 16% tops Fingood's 10% to 12.9%, a secondary market is available and minimum investment is €10. | 9.3 |
| Trust | 8.7Licensed under 863/12.09.2023, with no deposit guarantee or investor compensation scheme behind the money. | 9.3Higher |
Which one suits you
Pick Afranga if cost matter most.
Pick Robinhood if trust matter most.
How they place
| Ranking | Afranga | Robinhood |
|---|---|---|
| Brokers for beginners | 9 of 88 | 6 of 88 |
Every fact side by side
| Fact | Afranga | Robinhood |
|---|---|---|
| Features | Not confirmed | Crypto, Fractional shares, Options, Futures, Mobile app |
| Pricing model | Low fees | Commission free, Low feesCovers more |
| Audience | Beginners | Beginners, Day tradersCovers more |
| Legal entity | Afranga EOOD | Robinhood Europe UAB |
| Headquarters | Bulgaria | Lithuania |
| Founded | 2021 | 2013Lower |
| Support channels | Email, Phone, Help centre, Community | Not confirmed |
Where each stands against the rest
| Fact | Afranga | Robinhood | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Margin rate | Not confirmed | 3.95%lowest quarter | 8.79% |
| Options contract fee | Not confirmed | $0lowest quarter | $0.59 |
Median across 81 listed brokers.
Pros and cons
Afranga
Pros
- The account fee is €0, so holding an account is free.
- Cash handling costs nothing either way: Depositing money Free; Withdrawing money Free.
- Minimum investment of €10 is the lowest of the 6 brands ranked on it, at position 1.
Cons
- There is no buyback guarantee, so a loan that goes unpaid stays on your books.
- Investor protection is listed as none, so a default on a loan you funded comes straight out of your own pocket.
- Afranga publishes a target return of 8% to 16%, while Fingood's 10% to 12.9% gives you a tighter band to plan around.
Robinhood
Pros
- Nothing to pay to open or hold an account, with an account fee of $0 and an inactivity fee of $0
- Trading a share costs $0, so a small first order is not eaten by commission
- You can start with a deposit of $0, lower than most brands on our data
Cons
- Leverage is available at 10X, which magnifies losses as well as gains
- Outgoing transfers carry a charge of $100 outgoing transfer
- Margin borrowing is priced at a margin rate of 3.95%, so interest adds to your cost
Who each suits
Afranga
Who it suits
- Beginners putting a small first amount into business loans rather than trying it with a large sum.
- Investors who want the 8% to 16% target range without an account fee eating into it.
- Anyone comfortable that the money sits outside any deposit guarantee or investor compensation scheme.
Who should look elsewhere
- Fingood, if you would rather plan around a narrower return band of 10% to 12.9% than the wider 8% to 16% Afranga publishes.
- Anyone who relies on live chat, since support runs on email, phone, help centre and 1 more.
Robinhood
Who it suits
- Beginners opening a first account with a small deposit
- Day-traders working in options, futures and crypto on mobile
- Retirement investors using an IRA, Roth IRA or joint account
Who should look elsewhere
- Vantage if a flat minimum deposit of $5 suits you better
- CFI if you want forex and CFDs alongside shares, since its markets cover stocks, etfs and forex
- eToro if social copy trading matters more than options and futures
Country by country
| Country | Afranga | Robinhood |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
8 of 31 countries where either is available.
Questions about each
Afranga
How much does it cost to hold an account with Afranga?+
The account fee is €0, so holding an account is free. Most of the brands listed also charge nothing, though the highest account fee in the group reaches €348.65. Afranga sits with the majority rather than against them.
Does it cost anything to move money in or out?+
Depositing money is free and withdrawing money is free, so Depositing money Free; Withdrawing money Free applies to both sides. That means a small starting balance can be topped up or taken out without a charge eating into it, which matters more when your minimum is €10.
Robinhood
What does it cost to trade shares on Robinhood?+
Trading a share costs $0, and an options contract costs $0. There is also an account fee of $0 and an inactivity fee of $0, so nothing is taken for simply holding the account open. Borrowing on margin is charged at a margin rate of 3.95%, which is the main running cost if you use leverage.
Is there a minimum deposit to open a Robinhood account?+
The minimum deposit is $0, so you can open an account and place a small first order without funding a large balance. It is worth comparing that with the deposits other brands ask for before you commit, since the figure varies widely across the market. Outgoing transfers are charged at $100 outgoing transfer, so factor that in if you plan to move money out early.
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