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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.

 BettermentRobinhood
 Visit SiteVisit Site
 

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 $200) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading 
$0
Annual Fee0.25% for accounts under $100,000; 0.40% for accounts $100,000+All trades are commission-free. No platform fees.
Minimum Deposit
$0
$0
Commission Free ETFs All U.S. listed ETFs
Phone Support
Yes
No
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
Yes ($100k minimum)
 
Robo Advisor
 
Assets Under Management
$14 Billion
 
Tax Loss Harvesting
Yes
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$10
Customer Service 
Monday-Friday 9am - 6pm ET
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
 
iPhone App
Yes
 
Android App
Yes
 
Banking 
Coming soon
Mobile App
Yes
Yes
Desktop App 
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
 
IRA Accounts
Yes
No
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 BettermentRobinhood
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & ConsPros:
  • 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 LineGreat robo-advisor for beginners with low fees, good tools, and tax strategies... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
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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 Chase.


Articles on Betterment


Articles on Robinhood


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