Updated September 29, 2026 · BrokerCue Editorial Team
Robinhood vs Traders Place
What sets them apart
| Compare |  Robinhood |  Traders Place |
|---|---|---|
| Stock trade fee | $0 | €0 |
| Account fee | $0 | €0 |
| Markets | Stocks, ETFs, Options, Futures, Crypto | Stocks, ETFs, Crypto, Bonds, Funds |
| Regulators | Bank of Lithuania (LSC), LT BL, SIPC | Federal Financial Supervisory Authority (BaFin) |
| Platforms | Robinhood app, Robinhood Legend | Traders Place App |
| Account types | IRA, Roth IRA, JointCovers more | Joint |
| Minimum deposit | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Margin rate | 3.95% | Not confirmed |
| Options contract fee | $0 | Not confirmed |
| Deposit and withdrawal fees | $100 outgoing transfer | Not confirmed |
| Maximum retail leverage | 10X | Not confirmed |
Same on both: Investor protection (EU ICS up to EUR 20,000).
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Key differences
- Robinhood scores higher overall: 9.4 vs 8.9.
- Regulators: only Robinhood offers Bank of Lithuania (LSC), LT BL, SIPC.
- Regulators: only Traders Place offers Federal Financial Supervisory Authority (BaFin).
- Robinhood is licensed in 1 more country.
- Markets: only Robinhood offers Options, Futures.
- Markets: only Traders Place offers Bonds, Funds.
- Platforms: only Robinhood offers Robinhood app, Robinhood Legend.
- Platforms: only Traders Place offers Traders Place App.
- Account types: only Robinhood offers IRA, Roth IRA.
- Features: only Robinhood offers Options, Futures.
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.
Traders Place
Traders Place is a German broker built around a commission-free model, with stocks, ETFs, bonds, funds and crypto in a joint account and an overall score of 6.6. It suits investors who want a low running cost and a regulated German setup, with crypto included rather than bolted on.
Score breakdown
| Area | Robinhood | Traders Place |
|---|---|---|
| Cost | 9.6HigherStock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. | 9.3Stock trade fee €0 and account fee €0 sit at ranking position 1 and 1. |
| Offer | 9.3Higher | 8.9 |
| Trust | 9.3Higher | 8.6 |
Licences and countries
| Country | Robinhood | Traders Place |
|---|---|---|
| Germany | Not confirmed | Federal Financial Supervisory Authority (BaFin) MiCA CASP 5299005Y5T6LXFAXDQ78 |
| Lithuania | Bank of Lithuania (LSC) MiCA CASP 254900GTP4UXQO1UMI36 LT_BL PSD_PI 306377915 | Not confirmed |
| United States | SIPC SIPC member 69916 | Not confirmed |
How they place
| Ranking | Robinhood | Traders Place |
|---|---|---|
| Stock and ETF brokers | 13 of 490 | 18 of 490 |
| Investment platforms and apps | 1 of 85 | 2 of 85 |
What we checked
Robinhood
- finder.com: 7 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
- mymillennialguide.com: 4 facts, checked September 26, 2026
- financer.com: 2 facts, checked September 26, 2026
- robinhood.com: 1 fact, checked September 26, 2026
Traders Place
- tradersplace.de: 8 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
Every fact side by side
| Fact | Robinhood | Traders Place |
|---|---|---|
| Features | Crypto, Fractional shares, Options, Futures, Mobile appCovers more | Crypto, Fractional shares, Mobile app |
| Pricing model | Commission free, Low feesCovers more | Commission free |
| Audience | Beginners, Day traders | Not confirmed |
| Legal entity | Robinhood Europe UAB | Traders Place GmbH & Co. KGaA |
| Headquarters | Lithuania | Germany |
| Founded | 2013 | Not confirmed |
| Support channels | Not confirmed | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Robinhood | Traders Place | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | Not confirmed | $10 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Margin rate | 3.95%lowest quarter | Not confirmed | 8.79% |
| Options contract fee | $0lowest quarter | Not confirmed | $0.59 |
Median across 99 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
Traders Place
Pros
- Regulated by Federal Financial Supervisory Authority (BaFin), with investor protection of EU ICS up to EUR 20,000.
- A broad market list, stocks, etfs and crypto, covering equities, ETFs, bonds, funds and crypto.
- Fractional shares, crypto and a mobile app sit in crypto, fractional shares and mobile app, with Traders Place App as the platform.
Cons
- Contact options are limited to email, phone and help centre, with no live chat channel listed.
- The market list covers stocks, etfs and crypto, so forex and CFD traders are not served.
- Retail accounts that lose money run at 70.15% across the brands compared here, so a commission-free model does not remove the risk.
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
Traders Place
Who it suits
- Couples who want a joint account, since joint lists joint.
- Investors who want equities, ETFs, bonds, funds and crypto in a single account: stocks, etfs and crypto.
- Savers who want a German regulated broker with phone and email support: email, phone and help centre.
Who should look elsewhere
- Traders who want forex or CFDs, since CFI lists them in stocks, etfs and forex.
- Investors who prefer to check the cost model against a rival priced in another currency, such as eToro at $0.
Current offers
Traders Place
Current offer
Bonus
Neukundenbonus
Source, checked September 26, 2026
Country by country
| Country | Robinhood | Traders Place |
|---|---|---|
| Germany | 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.
Traders Place
What does it cost to buy shares at Traders Place?+
Stock trades are charged at €0 and the pricing model is listed as commission-free, so no commission is added to a share purchase. The account fee is €0 as well, which keeps the cost of holding a plain brokerage account low for a buy and hold investor.
Does Traders Place charge to keep an account open?+
The account fee is €0, and the only account type listed is joint, as joint shows. That suits a couple holding securities together under a single pricing structure. Stock trades themselves are charged at €0, so the account charge is not offset by a per-trade commission.
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