Robinhood Markets is an American financial services broker headquartered in California. Robinhood is known for pioneering commission-free trades of stocks, ETFs and cryptos via an innovative mobile app introduced in 2015. You have probably read about it on the news or the internet and wish to know if they open accounts to local investors. Unfortunately, Robinhood does not open trading accounts in Kenya.
If you read about it on r/wallstreetbets (a subreddit where participants discuss stocks and options trading, notable for its colourful jargon, aggressive trading strategies, and for the GameStop short squeeze), and, you wish to trade meme stocks from Kenya, you might want to try AvaTrade.
CAN I TRADE WITH ROBINHOOD IN KENYA?
When compared to other CFD Brokers, Pepperstone stands out from the fact that they offer ultra-low spreads and powerful trading platforms. Several industry experts have stated that indeed Pepperstone has made a valuable contribution to the financial services industry, reason why the company has one of the highest conversion rates (A potential client who tries it, later becomes a client). Pepperstone handles an average of $125.5 billion in trading orders per day, meaning that it is one of the world's largest FX brokers worldwide.
¿Concerned about who's regulating them? Well, they are heavily regulated in Australia, the UK, UAE and the Bahamas, so, it is fair to say that it is a trustworthy Broker. Also, Pepperstone is one of the few brokers which is regulated by the CMA and has operational offices in Nairobi. By the way, opening a Trading account requires a simple process, you just need to upload an ID and a Utility bill through their App and in a few days, you are ready to go.