Robinhood
Pros
- 0.1% FX fee covers stock-token orders
- Stock-token investing starts from โฌ1
- Stock tokens trade from Monday 2 AM to Saturday 2 AM CET/CEST
- Crypto transfers have no Robinhood fee
- ETH and SOL staking starts from $1 in crypto
- Perpetual futures include take-profit and stop-loss orders
Cons
- Stock tokens give no rights to the underlying shares or ETPs
- Stock tokens cannot be sent to other wallets or platforms
- Stock tokens are not covered by deposit or investor protection
- Crypto is not covered by any government compensation scheme
- Crypto transfers may still incur network fees
- Self-custody wallet is not FDIC insured or SIPC protected
- Perpetual futures have eligibility requirements
- Stock-token orders carry a 0.1% FX fee per order