Robinhood Markets Inc. plans to offer its stock-trading service outside the U.S. for the first time, launching in the U.K. in the first quarter of 2020.
The startup, valued at $7.6 billion in its most recent fundraising, received authorization from the Financial Conduct Authority to operate in the U.K. in August, has gained a following among U.S. millennials by allowing them to trade stocks for free on its mobile app. U.K. customers won’t be charged a commission for investing in U.S. and global stocks, nor will there be foreign-exchange fees or minimum account balance, according to a statement by the Menlo Park, California-based company.
