Robinhood has announced the introduction of futures trading in the UK, allowing customers to trade index, energy, metals, and foreign exchange futures directly through the Robinhood app and Robinhood Legend.

UK customers will be able to access over 40 CME Group futures products, including contracts linked to the S&P 500, oil, and gold.

The service will offer low trading fees, mobile and desktop access, and one-tap ladder execution.

Futures are exchange-traded contracts to buy or sell an asset at a set price on a future date.

They are standardised by contract size, expiration date, and trading hours, and are available nearly 24 hours a day across several asset classes such as indices, energy, metals, and foreign exchange.

The rollout to eligible UK customers will take place over the coming weeks. Trades will carry a fee of US$0.75 per contract, with real-time market data provided at no extra cost.

Additional charges, including regulatory and exchange fees, will still apply.

“In the UK, futures trading has traditionally been seen as the preserve of institutional investors, with limited resources to help retail traders get started,”

said Jordan Sinclair, President of Robinhood UK.

“Today, we start changing that. We’re introducing futures trading in the UK with an intuitive mobile experience, smarter tools, education and insights, and some of the lowest fees in the industry.”

The launch of futures trading expands Robinhood’s range of products for active traders in the UK, which currently includes options trading and the Robinhood Legend desktop platform.

Featured image credit: Edited by Fintech News Switzerland, based on image by Uliana26 via Freepik