Can International Students Register For Robinhood

Robinhood Supported Countries

If you are a strange investor outside the U.South. who wants to take reward of Robinhood's commission-free trading, you are out of luck because the app-based broker is currently only bachelor to those residing in the U.Southward., Uk, and Australia. In that location is, yet, another American broker that is growing in popularity that as well offers discounted trading and is open to most strange investors. This article will go over this most pop option.

Who Qualifies for a Robinhood Account?

On their website, Robinhood indicates that you must have a valid Social Security Number (SSN) in society to open up an account (Taxpayer Identification Numbers are not sufficient). This ways that you must be a U.S. citizen or permanent resident with a legal accost inside the 50 U.S. States or Puerto Rico. The but mode for a non-US citizen to get an SSN, and therefore be able to open a Robinhood account, would be if you have a valid U.S. visa.

What is the Alternative to Robinhood?

For not-US investors that don't see the above qualifications to invest with Robinhood, we recommend opening an business relationship with Zackstrade.

ZacksTrade Website

Open ZacksTrade Account

ZacksTrade Overview

ZacksTrade supports trading in stocks, ETFs, mutual funds, options, and bonds.

Commissions, Fees, and Minimum Eolith

Unlike Robinhood, ZacksTrade doesn't take $0 commissions. Stock and ETF trades are $0.01 per share ($1 minimum per merchandise), and for stocks priced below $1 the commission is the greater of $3 or 1% of the trade.

Mutual fund commissions are a flat $27.50 (Robinhood does not offer mutual funds). Options trades are $1 for the first contract and $0.75 for each additional contract.

Bond commissions are $iii per bail ($i,000 face up value) plus a per centum of the trade which varies based on the size and the type of bond (Municipal, Corporate, or Treasury). The percentage can be as depression equally 0.005% for trades over $ane million face value or as high every bit 0.10% for face up values nether $10,000.

While ZacksTrade doesn't have whatever account maintenance fees, they do require a minimum account balance of $ii,500. Oddly, ZacksTrade just allows 1 free withdrawal per calendar month, with all additional ACH withdrawals costing $one. Higher fees employ to withdrawals via bank check or wire transfer.

Robinhood alternatives for non us citizens

Trading Software, Tools and Educational activity

ZacksTrade has a website that is used for managing your account only not for trading, that happens on their web browser, desktop, and mobile platforms. The web browser and desktop platforms offering the standard features y'all'd wait from all brokers, merely charting is superior on the desktop app.

A plus of using ZacksTrade is that your business relationship gets you free admission to lots of education and enquiry manufactures offered through the broker's diverse partners, including Zacks Investment Research, Morningstar, and Seeking Blastoff. Many of these partners are subscription-just, and so free admission through your Zacks account is a great deal.

robinhood supported countries

Customer Service

ZacksTrade has an online chat feature; however we haven't ever been able to immediately make it touch with someone through this channel. On the bright side, Zacks also has dedicated phone back up during concern hours from 9am to 6pm EST Monday through Fri.

Robinhood For Strange Citizens Summary

In determination, if you are a non-US investor (and don't hold a U.S. visa) y'all cannot currently open up an account with Robinhood. ZacksTrade is a popular U.S. broker with great tools that offers international accounts to citizens of most countries.