Robinhood isn't in Australia: your alternative options
The popular US share trading app, Robinhood, isn't available in Australia. If you're interested in share trading, we discuss the other platforms you can utilise in Australia. We also discuss the difference between share-trading platforms like Robinhood and long-term investing platforms like Stockspot.
Other share trading platforms in Australia
If you're looking to trade shares, there are several platforms you could consider.
See: our review and discussion of Stake
See: our review and discussion of SelfWealth
See: our review and discussion of Superhero
See: our review and discussion of eToro
Remember, share trading is very different to investing. When you share trade, you're often timing the market and you need to pick stocks, which is hard even for seasoned professionals.
Share trading vs passive investing
When you're share trading, you're actively picking stocks to try and beat the market, whereas passive investing refers to buying assets like shares, bonds, and gold and holding them for the long term. Passive investing strategies seek to maximise returns by minimising trading. Studies show that passive investing works better than active investing.
However, many people who are interested in the share market may trade a small amount of money, while passively investing for the long-term using other platforms such as Stockspot.
