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TD Ameritrade vs Robinhood

TD Ameritrade is a good online broker for long-term investors. How does it compare to Robinhood? Read our comparison chart below.

TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

Compare TD Ameritrade with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Robinhood
 Learn MoreVisit Site
 

TD Ameritrade

Robinhood

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

OFFER
Get a Free Stock (worth between $5 and $200) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading$0 commission for online stock, ETF, and option trades
$0
Options Trading
$0.65 per contract
$0
Annual Fee 
None
Cryptocurrency Trading 
$0
Minimum Deposit
$0
$0
Mutual Fund TradingUp to $49.95 or $74.95 for buys. $0 for sells
No
Commission Free ETFs
550+ Commission-Free ETFs
All U.S. listed ETFs
Phone Support 
650-761-7789 (available 24/7)
Live Chat Support
Yes
Available 24/7 (requires sign in)
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$102 Billion
Penny Stocks
Check
Yes
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades
$25
Not available
Good For 
Beginners; Active traders
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
Yes
iPhone App 
Yes (4.2 stars, 4.3M ratings)
Android App 
Yes (4.1 stars, 483k ratings)
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App
Yes
Yes
Desktop App
Thinkorswim
None
Two-Factor Authentication Device approvals, Authenticator app, SMS
Forex Trading
Yes
No
Futures Trading$2.25 per contract (plus exchange & regulatory fees)
No
Bond Trading
Yes
No
CFD Trading
No
No
Currency Trading
Yes
No
Customer Service
(800) 669-3900 (Open 24/7)
Live Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
LocationsMore than 100 locations in 34 states
No
Online Community 
No
Seminars
Online webcast
Yes
Trading Platform
thinkorswim
Web Trading, Mobile Apps
Virtual Trading
Yes
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarHalf StarEmpty StarStarStarStarStarStar
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
BankingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStarStarStarStarStarStar
Online CommunityStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarStarStarEmpty StarEmpty StarEmpty StarEmpty Star
Trading PlatformStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Bottom LineGood online broker for long-term investors... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

TD Ameritrade: Pricing information from published website as of 09/05/2023.

Robinhood: Pricing information from published websites as of 04/18/2020.

Robinhood

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Which is Better: TD Ameritrade or Robinhood?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing TD Ameritrade or Goldco.

In short: TD Ameritrade's mobile app and research are impressive. Robinhood's stock trading and commissions and fees are impressive.


Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Articles on Robinhood

Robinhood Review

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Robinhood Alternatives

Looking for apps like Robinhood but with a twist? Find the best alternatives with superior features. Do better in online trading with these apps.

Robinhood vs Fidelity vs Vanguard

Robinhood, Fidelity, and Vanguard are great options if you're looking for an investment platform to grow your money. But which one is right for you?

Robinhood vs Public vs Webull

Robinhood, Public, and Webull are all great options for growing your money. But which one will suit you the most?

Webull vs Fidelity

Robinhood, Webull, Fidelity - three big investing platforms, but which is best for you? Find out in this detailed comparison guide.

Robinhood IRA Review

Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.

Is Robinhood Safe

Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.

How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Which Do You Think is Best?





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