Stock trading app Robinhood has gone live in the UK.

The firm, which shot to prominence during the pandemic amid a boom in retail stock trading, has launched in suitably bombastic style by erecting a full size statue of Robinhood firing an arrow in the direction of the Bank of England.

The UK service will offer FX trading without fees, no minimum trading limit and trading outside of market hours. 

Despite the vow to take on the establishment, Robinhood has decided to drop one of its planned innovations - so-called 'margin investing' where traders can borrow money to make leveraged trades. 

The Robinhood website had previously advertised such a service, with lending rates of 12%. But by launch, these details had been removed. 

A spokesman told Reuters that the service had been "paused" pending further discussions with UK regulators. 

The firm had previously attempted to launch in the UK twice before - once in 2020 and also in 2022.

Robinhood is also entering a somewhat crowded market in what is the firm's first venture outside of the US. 

The likes of Freetrade, Trade Republic, eToro, Scalable Capital, Lightyear and Bux all offer similar services in the UK and/or Europe.