Betterment vs Robinhood
Betterment is a great robo-advisor for beginners with low fees, good tools, and tax strategies. How does it compare to Robinhood? Read our comparison chart below.
Betterment offers automatic investing starting at an annual fee of 0.25% of your account balance. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.
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 $6/month.
Compare Betterment with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Betterment | Robinhood | |
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Get up to 1 Year Managed Free - | Get a Free Stock (worth between $2.50 and $200) - | |
Benefits and Features | ||
Stock Trading | ||
Annual Fee | 0.25% for accounts under $100,000; 0.40% for accounts $100,000+ | All trades are commission-free. No platform fees. |
Minimum Deposit | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ![]() | |
Assets Under Management | ||
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Customer Service | ||
Good For | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees | |
Mobile App | ||
Desktop App | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Annual Fee | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Human Advisors | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | |
Stock Trading | ![]() ![]() ![]() ![]() ![]() | |
Options Trading | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Great robo-advisor for beginners with low fees, good tools, and tax strategies... | Free way to trade stocks with limited bells and whistles... |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Betterment: Pricing information from published website as of 04/04/2018 Robinhood: Pricing information from published websites as of 04/18/2020. |
Which is Better: Betterment or Robinhood?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Betterment or Ally Invest.
Articles on Betterment
Betterment Reviews
Betterment Returns
Betterment Fees
Is Betterment Safe
Betterment Roth IRA
Betterment vs Wealthfront
Articles on Robinhood
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