Individual Savings Accounts (ISAs) allow U.K. residents and some other individuals to save tax-free as much as 20,000 pounds (about $27,295) in the 2025 to 2026 tax year, according to a U.K. government website.
Robinhood UK’s stocks & shares ISA will bring the company’s investing experience to this financial product, the company said in a Monday (Feb. 2) press release.
This offering has zero platform fees or commissions, a foreign exchange (FX) fee of 0.10% per trade, and a 2% cash bonus on new eligible ISA contributions when customers fund their account before April 5, according to the release.
The product features a built-in contribution tracker that allows customers to track contributions across tax years and stay within annual ISA limits, the release said.
It also offers users access to Robinhood’s artificial intelligence-powered tool Cortex Digests, which uses generative AI to provide near real-time context on stock movements, per the release.
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Jordan Sinclair, president of Robinhood UK, said the company’s stocks & shares ISA is designed to provide a solution to a market that has made it “too hard, and too expensive, to get started.”
“Investing should be rewarding, not costly,” Sinclair said. “With our 2% match on contributions and no commissions or account fee, the Robinhood stocks & shares ISA is built to change the way the UK invests.”
Robinhood has been growing and diversifying its business, the company said in a presentation released in November.
At that point, Robinhood had 11 businesses that surpassed $100 million in annualized revenue, “underscoring the growing diversification and strength of our business,” Robinhood Chairman and CEO Vlad Tenev said during a November earnings call.
Robinhood said in October that it planned to start rolling out futures trading to eligible customers in the U.K., allowing these customers to trade index, energy, metals and foreign exchange futures in the Robinhood app and on the Robinhood Legend desktop trading platform.
The company said in May that it had begun offering Robinhood Legend in the U.K. after initially launching the desktop trading platform in the United States. The platform is designed for active traders and is available at no added cost to anyone with a Robinhood account.
