Robinhood riding on third-time-lucky with 2024 UK investments app

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Robinhood app on mobile" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>CEO Vlad Tenev was confident on Thursday as he announced the upcoming launch. Many would be apprehensive after two failed launches in a region, but Tenev said there was no sense of “deja vu”. He believes Robinhood is capable of serving customers “tightly”.</p>
<p>One major advantage for the company, is that it has already secured a license from the FCA. Tenev said it is on good terms with the UK’s markets regulator, which bodes well for the future. However, there are a few caveats for customers hoping to get the full experience. Robinhood said there won’t be UK stocks or options and other derivatives at launch.</p>
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<p>While they might be added in the future, users will have to be content with trading 6,000+ US stocks. <a href="https://www.leaprate.com/forex/brokers/robinhoods-q2-results-a-ray-of-light-at-the-end-of-its-dark-start-to-the-year/" target="_blank" rel="noopener">Robinhood</a> will also offer 24-hour trading five days a week. The app’s UK chief, Jordan Sinclar, said this will give it a competitive advantage as users won’t have to wait on trades.</p>
<p>He added:</p>
<blockquote><p>Customers actually can make a trade and choose their investment strategy and actually act on that market news.</p></blockquote>
<p>Robinhood’s 2024 launch plans follow two unsuccessful forays into the UK market. It previously backed out despite racking up a waiting list of 300,000 investors, after stating its desire to focus on the US market.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/news/robinhood-riding-on-third-time-lucky-with-2024-uk-investments-app/">Robinhood riding on third-time-lucky with 2024 UK investments app</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>