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Robinhood, the US broker that shot to prominence in the 2021 meme stock craze, plans to take on UK investment platforms such as Hargreaves Lansdown by launching a stocks-and-shares Isa with no fees before the end of the tax year.
The move to create the tax-free account is a step by Robinhood, which pioneered zero-commission share trading, towards offering trading in shares of UK-listed companies as it seeks to expand its business.
It comes as the Labour government pushes to encourage savers to channel more money into UK companies and reinvigorate the London Stock Exchange.
Jordan Sinclair, head of Robinhood UK, said in an interview with the Financial Times that he expected his company to launch a stocks-and-shares Isa before April 2026. The firm said it had all the regulatory approvals needed to offer the…
