Updated September 29, 2026 · BrokerCue Editorial Team
Robinhood vs Spreadex
Robinhood vs Spreadex: the differences
| Compare |  Robinhood |  Spreadex |
|---|---|---|
| Minimum deposit | $0 | £0 |
| Stock trade fee | $0 | £0 |
| Markets | Stocks, ETFs, Options, Futures, Crypto | Stocks, Forex, CFDs, Options, Spread betting |
| Regulators | Bank of Lithuania (LSC), LT BL, SIPC | Financial Conduct Authority (FCA), UK Gambling Commission |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Deposit and withdrawal fees | $100 outgoing transfer | Free deposits and withdrawals |
| Platforms | Robinhood app, Robinhood Legend | Web, Mobile |
| Account fee | $0 | Not confirmed |
| Retail accounts that lose money | Not confirmed | 61% |
| EUR/USD spread | Not confirmed | 0.6% |
| Margin rate | 3.95% | Not confirmed |
| Options contract fee | $0 | Not confirmed |
| Account types | IRA, Roth IRA, Joint | Not confirmed |
| Maximum retail leverage | 10X | Not confirmed |
Same on both: Inactivity fee ($0).
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Key differences
- Robinhood scores higher overall: 9.4 vs 9.3.
- Regulators: only Robinhood offers Bank of Lithuania (LSC), LT BL, SIPC.
- Regulators: only Spreadex offers Financial Conduct Authority (FCA), UK Gambling Commission.
- Founded is lower at Spreadex: 1999 vs 2013.
- Robinhood is licensed in 1 more country.
- Markets: only Robinhood offers ETFs, Futures, Crypto.
- Markets: only Spreadex offers Forex, CFDs, Spread betting.
- Platforms: only Robinhood offers Robinhood app, Robinhood Legend.
- Platforms: only Spreadex offers Web, Mobile.
- Features: only Robinhood offers Crypto, Fractional shares, Options.
Our verdict on each
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.
Spreadex
Spreadex suits UK traders who want to deal shares without a trade commission, with the same account carrying forex, CFDs, options and spread betting. Regulated in the UK with FSCS investor protection, it ranks 1 of 161 brands on stock trade fees, which sit at £0.
Score breakdown
| Area | Robinhood | Spreadex |
|---|---|---|
| Cost | 9.6HigherStock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. | 9.4The minimum deposit is £0, inactivity is $0 and the EUR/USD spread is 0.6%. |
| Offer | 9.3Higher | 9.1 |
| Trust | 9.3 | 9.4Higher |
Positions in our rankings
| Ranking | Robinhood | Spreadex |
|---|---|---|
| Stock and ETF brokers | 14 of 471 | 82 of 471 |
| Options trading platforms | 1 of 103 | 27 of 103 |
Licences and countries
| Country | Robinhood | Spreadex |
|---|---|---|
| Lithuania | Bank of Lithuania (LSC) MiCA CASP 254900GTP4UXQO1UMI36 LT_BL PSD_PI 306377915 | Not confirmed |
| United Kingdom | Not confirmed | |
| United States | SIPC SIPC member 69916 | Not confirmed |
Every fact side by side
| Fact | Robinhood | Spreadex |
|---|---|---|
| Features | Crypto, Fractional shares, Options, Futures, Mobile appCovers more | Mobile app |
| Pricing model | Commission free, Low fees | Commission free, Low fees |
| Audience | Beginners, Day traders | Not confirmed |
| Legal entity | Robinhood Europe UAB | Spreadex Limited |
| Headquarters | Lithuania | United Kingdom |
| Founded | 2013 | 1999Lower |
| Support channels | Not confirmed | Phone, Help centre |
Where each stands against the rest
| Fact | Robinhood | Spreadex | Median |
|---|---|---|---|
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | $0at the median | $0 |
| Retail accounts that lose money | Not confirmed | 61%lowest quarter | 72.05% |
| EUR/USD spread | Not confirmed | 0.6%below the median | 0.65% |
| Margin rate | 3.95%lowest quarter | Not confirmed | 8.75% |
| Options contract fee | $0lowest quarter | Not confirmed | $0.625 |
Median across 52 listed brokers.
Pros and cons
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
Spreadex
Pros
- Shares cost £0 to buy and sell, and the pricing model is commission free and low fees.
- A single account covers stocks, forex and cfds, so shares, forex, CFDs, options and spread betting sit side by side.
- Trading runs on Web and Mobile platforms, and a mobile app is part of the feature set.
Cons
- Support runs on phone and help centre only, with no live chat or email listed.
- The risk warning puts 61% of retail accounts losing money.
- The market list runs stocks, forex and cfds, with no crypto, funds or bond offering.
Who each suits
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
Spreadex
Who it suits
- UK residents who want to deal shares without a per-trade commission.
- Traders who want forex, CFDs, options and spread betting in the same account.
- Anyone who values a long operating history: Spreadex has run from the UK since 1999.
Who should look elsewhere
- Vantage, for anyone who prefers a stated minimum deposit of $5 to a free entry.
- CFI, whose minimum deposit is quoted in dollars at $0.
- Anyone who wants live chat or email support, because Spreadex lists phone and help centre only.
Country by country
| Country | Robinhood | Spreadex |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
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.
Spreadex
What does it cost to deal shares on Spreadex?+
Stock trades are £0, and the pricing model is listed as commission free and low fees. Spreadex ranks 1 of 161 brands on stock trade fees, so share dealing sits at the cheaper end of what brokers charge.
Is there a minimum deposit at Spreadex?+
The minimum deposit is £0, so an account can be opened and funded with a small balance. Spreadex ranks 1 of 213 brands on minimum deposit, worth weighing against brokers that ask for a starter amount.
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