Robinhood
SpreadCo
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Overview
Robinhood was founded in 2013 and is headquartered in USA, while SpreadCo was established in 2005 and is based in London. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Robinhood serves 10,000,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $0 at Robinhood and $100 at SpreadCo.
| Feature | Robinhood | SpreadCo |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA) |
| Founded | 2013 | 2005 |
| Country | USA | London |
| Clients | 10,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Robinhood and SpreadCo, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $100 at SpreadCo). SpreadCo charges withdrawal fees while Robinhood does not, giving Robinhood an edge for frequent withdrawers. Robinhood charges deposit fees; SpreadCo does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | Robinhood | SpreadCo |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Robinhood offers a proprietary platform, while SpreadCo supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. SpreadCo edges ahead on platform breadth and functionality in our scoring.
| Feature | Robinhood | SpreadCo |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Robinhood and SpreadCo compare. Robinhood runs regular live webinars; SpreadCo does not. Both provide video tutorials. Robinhood publishes daily market commentary; SpreadCo does not. Both integrate third-party research tools. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | Robinhood | SpreadCo |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Robinhood accepts 1 of the tracked payment methods (bank transfer), while SpreadCo supports 2 (bank transfer, credit/debit card). SpreadCo uniquely supports credit/debit card among the two brokers. SpreadCo scores higher on deposit and withdrawal flexibility.
| Feature | Robinhood | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Robinhood and SpreadCo offer live chat support. SpreadCo offers phone support; Robinhood does not. Email support is available at both brokers. Robinhood supports 13 languages and SpreadCo supports 2, giving Robinhood broader global reach. SpreadCo scores higher overall on customer support in our assessment.
| Feature | Robinhood | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | No | Yes |
| Email Support | Yes | Yes |
| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce | English, and Chinese |