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Robinhood (HOOD) is launching a stocks & shares individual savings account (ISA) for its UK customers, offering an initial 2% cash bonus on eligible contributions.
The investment platform said on Monday that it would begin rolling out the ISA to UK customers this week, with broad availability soon after.
Through the ISA, Robinhood said that UK customers will be able to access around 5,000 US-listed stocks and American depositary receipts (ADRs) with no platform fees and no commissions. Customers will pay a 0.1% foreign exchange (FX) fee per trade during US FX market hours.
Robinhood (HOOD) said that customers will be able to trade both whole and fractional shares within its new ISA.
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In addition, Robinhood (HOOD) said that customers will be able to earn 2% back on new eligible ISA contributions when they fund their account before 5 April 2026. The contributions will have to be held for a year for customers to keep the full cash bonus. Transfers from a Robinhood individual investing account and ISA transfers from other providers, are not eligible for the bonus.
Customers will be able to use Robinhood’s Cortex Digest tool, which uses generative AI to provide real-time context on stock movements. Robinhood (HOOD) said that more of its AI-powered tools are set to launch in the UK later this year.
Jordan Sinclair, president of Robinhood UK, said: “Investing should be rewarding, not costly.”
“It’s time to go beyond better access and give investors a real advantage, by changing the incentives in a market that’s made it too hard, and too expensive, to get started,” he said.
The stocks and shares ISA is the latest addition to Robinhood’s (HOOD) growing number of products in the UK market, which includes options trading, futures trading, margin investing, stock lending and Robinhood Legend, its desktop trading platform.
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