Robinhood UK Begins Rolling Out Stocks and Shares Individual Savings Account

Group 1 - Robinhood UK is set to launch its stocks & shares ISA, allowing U.K. residents to save tax-free up to £20,000 (approximately $27,295) in the 2025 to 2026 tax year [2] - The ISA offering features zero platform fees or commissions, a foreign exchange fee of 0.10% per trade, and a 2% cash bonus on new eligible ISA contributions if funded before April 5 [3] - The product includes a contribution tracker to help customers monitor their contributions across tax years and adhere to annual ISA limits [3] Group 2 - Users will have access to Robinhood's AI-powered tool, Cortex Digests, which provides near real-time context on stock movements [4] - The president of Robinhood UK emphasized that the stocks & shares ISA aims to simplify investing, making it more accessible and less costly for users [4] - Robinhood has been diversifying its business, with 11 businesses generating over $100 million in annualized revenue, indicating strong growth [5] Group 3 - In October, Robinhood announced plans to introduce futures trading for eligible U.K. customers, allowing trading in various futures markets through its app and desktop platform [6] - The Robinhood Legend desktop trading platform, initially launched in the U.S., is now available in the U.K. at no additional cost for active traders [7]