Robinhood's commission-free stock trading platform has arrived in the UK. While UK customers can enjoy various perks, the previously planned margin trading feature is on hold.

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It has been reported on recent forex broker news that after overcoming previous hurdles, Robinhood Stock Broker has finally launched its services in the United Kingdom. However, the excitement was short-lived as the company paused its margin trading offerings just hours after its debut.

A spokesperson for this US-based broker cited ongoing discussions with regulators as the reason behind the pause in margin investing services. Margin trading, known for its complexities and risks associated with leverage, was initially presented as available due to a regulatory exemption. Still, the corresponding webpage was swiftly removed following the launch.

Despite the setback with margin trading, this FCA-regulated broker still offers a range of services to UK customers, including commission-free trading on over 6,000 US-listed stocks. Additionally, the platform provides a 5 percent interest rate on uninvested capital and eliminates foreign exchange fees for UK traders investing in US-listed stocks.

It boasts round-the-clock trading availability, five days a week, aiming to compete with established players in the UK market.

This launch marks this no-commission broker's successful entry into the UK market after previous attempts in 2020 and an unsuccessful acquisition deal with Ziglu. The move follows the company's expansion into the European Union with cryptocurrency exchange services.

Interestingly, Robinhood stock broker's UK debut comes shortly after Public.com, another US-based brokerage platform, exited the UK market eight months after its launch. With these developments, the landscape of the UK brokerage industry undergoes notable shifts as competition intensifies among global players.