Robinhood has launched a new stocks & shares ISA for UK investors, aiming to bring its low-cost, app-first investing model to one of Britain’s most popular tax-efficient savings products.
The new Robinhood ISA combines zero platform fees, commission-free investing, low foreign exchange charges and a promotional 2% cash bonus on eligible new contributions made before 5 April 2026.
Robinhood says the account is designed to remove some of the barriers that have traditionally put investors off ISAs, including complex fee structures and outdated investing platforms.
Jordan Sinclair, President of Robinhood UK, said the firm wants to make investing more accessible and less expensive. “Investing should be rewarding, not costly,” he said. “With our 2% match on contributions and no account fee, the Robinhood stocks & shares ISA is built to change the way the UK invests.”
The launch also marks the UK debut of Robinhood’s generative AI-powered tool, Cortex Digests, which provides near real-time context around stock price movements. More AI investing tools are expected to follow later in 2026.
Through their investing app, UK customers will be able to invest in around 5,000 US-listed stocks and American Depositary Receipts (ADRs), trading both whole and fractional shares. Robinhood charges no account fee or dealing commission, while applying an FX fee of 0.10% per trade during US market hours.
That’s actually really good! Interactive Brokers has always had the cheapest FX rates, charging 0.02% when converting GBP into USD.
US brokers like Robinhood can afford to offer low FX fees, as they can make money through payment for order flow (PFOF), because Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services, securities lending and margin investing to eligible UK customers with margin accounts.
UK-based investment platforms are not allowed to do this because of best execution policies.
For instance, Lightyear, charges 0.35% when converting pound Sterling to US Dollars. One of the great things about this industry is that there is always a bit of friendly competition and banter among brokers wanting to one-up other platforms. Wander Rutgers, who now runs Lightyear, but was previously President of Robinhood UK, joked on LinkedIn: “The blog is written tomorrow! Very futuristic 🙂 – congrats on getting the product out.”
Robinhood’s 2% bonus does come with conditions though, eligible contributions must be held for at least one year to retain the full reward, and transfers from other providers do not qualify.
Investment ISAs through setup can be completed in minutes via the Robinhood app or website, and customers can transfer existing cash ISAs from other providers into the new account. A built-in contribution tracker will also help investors stay within annual ISA limits across tax years.
Robinhood’s ISA expands its growing UK offering, which already includes options trading and futures trading, margin investing, stock lending and its advanced desktop platform, Robinhood Legend. As always, the company warned that capital is at risk and ISA rules may change.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
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