Stock trading app Robinhood gets UK broker license
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Robinhood
TechCrunch
Robinhood International Ltd.
the Financial Conduct Authority
Robinhood International
Rutgers
Freetrade
FCA
Revolut
DriveWealth
DST
People
Wander Rutgers
Revolut
Groups
European
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Silicon Valley
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Locations
U.K.
London
Plum
U.S
US
U.S.
Netherlands
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Summary
Crudely building a localised version of Robinhood obviously won’t cut it.Meanwhile, news that Robinhood is ramping its planned U.K. launch is interesting in the context of local fintech startups that have launched their own fee-free trading offerings.First out of the gate was London-based Freetrade, which chose very early on to build a bona-fide “challenger broker,” including obtaining the required license from the FCA, rather than simply partnering with an established broker.
As said here by Steve O'Hear