Robinhood Germany

Robinhood in Germany and UK (2022)


Robinhood alternative in Europe (Germany, Spain, UK, France, Poland, Austria, Italy, Switzerland, and other EU countries). Robinhood available countries list.


Is Robinhood Offered in Germany and UK?


Robinhood is offered in the U.S., Australia, and Great Britain. Robinhood is not available to the citizens of European countries other than UK, such as Germany, France, Poland, Spain, Austria, Italy, Belgium, Switzerland, and others.


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Alternatives to Robinhood in Germany and UK


For European investors, we recommend opening an account with an American brokerage firm called Zackstrade. The company is available in all European countries, has some of the lowest margin rates in the industry, offers a professional trading platform, and access to 91 exchanges around the world. Learn more about the company in the 2022 Zackstrade Review.


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Open ZacksTrade Account


For a European brokerage firm, we suggest a company called DEGIRO, one of the largest brokers in Europe. Along with low fees, you get access to more than 50 exchanges across 30 countries.


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Open DEGIRO Account


Buying Fractional Shares of Stock on Robinhood


If you don’t have $3,200 to buy one share of Amazon, Robinhood has an answer for you: fractional-share trading.


The Purpose of Fractional Shares


Many stocks have market prices that make it difficult for many investors to buy a single share. Some stock prices are higher than Amazon; Berkshire Hathaway Class A shares trade near $350,000. Obviously, if you want to buy just one share, you’ll have to have some really deep pockets.

But not anymore. More and more brokerage firms are offering whole-dollar investing. This means that instead of placing a trade using a whole-share amount, you can use a whole-dollar amount. A whole-dollar amount translates into a fraction of a share (instead of a fraction of a dollar, which is the older method).


Cost of Fractional-Share Trading


Robinhood was founded on zero trading fees. The launch of partial-share trading hasn’t changed the company’s mission. Placing a trade in a dollar amount costs nothing extra, so the commission remains $0.


Details of Robinhood’s Fractional-Share Service


It’s possible to trade both stocks and ETFs at Robinhood in fractions of a share. The fractional amount can be as low as 1/1,000,000 of a single share. That’s pretty small.

Robinhood customers who own less than one share can still vote at shareholder meetings. Some fractional-share brokers don’t permit this.

But Robinhood won’t transfer partial shares. If you perform a full ACAT transfer out and have partial shares in your account, they will be converted to cash.

Dividends are paid to holders of fractional shares on a fractional-share basis. For example, if you own one fourth of a share that pays a $1 dividend, you will receive 25¢.


Robinhood In Germany


Placing a Trade on Robinhood’s Browser Platform


To submit an order at Robinhood, you can choose one of two platforms: either the mobile app or browser system. Both can submit orders in fractional shares.

On the computer platform, you first need to be on an asset’s profile. To get here, just enter a ticker symbol or company name in the search field at the top of the screen. You’ll spot the order form in the upper-right portion of the platform.

The first step is to click on the down arrow on the ticket (the arrow is in the upper-right part of the ticket) and select Market Order or Recurring Order. Other trade types cannot be used to place orders for fractional shares.

The recurring order option, as the name suggests, is a periodic schedule to buy or sell a security. It uses market orders, so you always have to use a market order when trading fractional shares at Robinhood.

If you select recurring order, only a whole-dollar amount can be used. If you select market order, either a whole-dollar amount or whole-share amount can be used. In this case, you’ll need to select dollars or shares.


Open Robinhood Account


Get one FREE stock when you open an account.

Open Robinhood Account


Placing a Trade on Robinhood’s Mobile App


The process for order submission on the broker’s mobile app is quite similar. Start on a security’s profile and tap on the Trade button. You’ll get a new screen to place a recurring order or market order in dollars or shares.


Fractional Coins on Robinhood


Cryptocurrency orders on the Robinhood platform can also be submitted in fractions of a coin. In fact, they must be submitted in fractions of a coin because the order ticket’s quantity field only accepts a dollar amount. Because Bitcoin is currently trading above $37,000, that’s a very good thing.


Comparison


Other firms offer more than just 500 securities. At Webull, you get more partial stocks as well as excellent trading platform, better app, IRA accounts, virtual trading, and free stocks for various activities.


Open Webull Account


6 FREE stocks valued $34-$12,600 give-away at Webull.

Open WeBull Account


Robinhood in Germany and UK Disclaimer


Information about availability of Robinhood in Europe (Germany, Holland, UK, France, Poland, Spain, Belgium, Austria, Italy, Sweden, and other EU nations) can change at any time without notice.


About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.