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 SA.
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 SA, you might want to try AvaTrade.
CAN I TRADE WITH ROBINHOOD IN SOUTH AFRICA?
Compared to other CFD Brokers, AvaTrade stands out due to its ultra-low spreads and powerful trading platforms. ¿Concerned about who's regulating them? With licenses in the EU, BVI, Australia, Japan, South Africa, and UAE, Avatrade is one of the most heavily regulated Brokers available in the market. Offering a wide range of CFDs on Shares, Forex, Indices, Commodities, Crypto, and even Bonds, it is one of the complete Brokers in instrument offering. Moreover, its platform offers remarkable, giving Traders the chance to operate on several Trading environments, MT4, MT5, and their internally developed ones, AvaTradeGo and AvaOptions.
This last one, AvaOptions, deserves a particular remark. If you have passed the beginner's line in terms of trading knowledge, you probably use options to hedge your strategy. Well, AvaOptions is one of the best Options Trading platforms available. It is truly remarkable, offering great risk management features that are easily viewable and automatic, making Options trading as accessible as it can get.
Opening an account with Avatrade is very easy. First, you need to upload a valid ID and a Utility bill through their App, and then in a few days, you are ready to go. So go ahead and check out this broker. You won't regret it.