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 $5/month.

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

	Betterment	Robinhood


	SPECIAL OFFER Get up to 1 Year Managed Free - Learn More Read Betterment Review	OFFER Get a Free Stock (worth between $2.50 and $225) - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading		$0
Options Trading		$0
Annual Fee	0.25% for accounts under $100,000 0.40% for accounts $100,000+	All trades are commission-free. No platform fees.
Cryptocurrency Trading
Minimum Deposit	$0	$0
Mutual Fund Trading		No
Commission Free ETFs		All U.S. listed ETFs
Phone Support	Yes	No
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	Yes ($100k minimum)	No
Robo Advisor		No
Assets Under Management	$14 Billion	$80 Billion
Tax Loss Harvesting	Yes	No
Goal Tracker	Yes	No
Automatic Deposits	Yes	Yes
Broker Assisted Trades		Not available
Good For		Beginners; Active traders
Inactivity Fee		$0
Maintenance Fee		$0
Online Platform	Yes	Yes
iPhone App	Yes	Yes (4 stars, 3.2m ratings)
Android App	Yes	Yes (1.4 stars, 360k ratings)
Banking		No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees
Mobile App	Yes	Yes
Two-Factor Authentication		Yes
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Single Stock Diversification	No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	Yes	No
IRA Accounts	Yes	No
Roth IRA Accounts	Yes	No
SEP IRA Accounts	Yes	No
Trust Accounts	Yes	No
529 Plans	No	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons	Pros: No minimum investment Many customized portfolios Automatically invest extra funds Cons: Limited investment options High fees for large investors	Pros: Commission-free trades No minimum Extended trading hours Cons: No IRAs Limited research No mutual funds & bonds
Bottom Line	Great robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review	Free way to trade stocks with limited bells and whistles... Read full review

	Get up to 1 Year Managed Free Get 1 Month Managed Free Get 6 Months Managed Free	Get a Free Stock (worth between $2.50 and $225) Commission-Free Trades Commission-Free Options Investing
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.

Get up to 1 Year Managed Free

Get Started

New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.

Get 1 Month Managed Free

View Terms

Deposit $15,000 - $99,999 within 45 days and get 1 month managed free

Get 6 Months Managed Free

View Terms

Deposit $100,000 - $249,999 within 45 days and get 6 months managed free

Get a Free Stock (worth between $2.50 and $225)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Commission-Free Options Investing

Get Deal

Robinhood offers commission-free and no monthly fee options trading.

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.

In short: Betterment's customer service is noteworthy.

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