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Blooom vs Robinhood

Blooom is an unique 401k auto-advisor service for a low yearly fee. How does it compare to Robinhood? Read our comparison chart below.

 BlooomRobinhood
 Learn MoreVisit Site
 

Blooom

Robinhood

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

Read Robinhood Review

 

Benefits and Features

Stock Trading 
$0
Options Trading 
$0
Annual Fee
  • Analysis is free
  • $45/year for Essentials Plan
  • $120/year for Standard Plan
  • $250/year for Unlimited Plan
None
Cryptocurrency Trading 
$0
Minimum Deposit
$0
$0
Mutual Fund Trading 
No
Commission Free ETFs All U.S. listed ETFs
Phone Support
No
650-761-7789 (available 24/7)
Live Chat Support
Yes
Available 24/7 (requires sign in)
Email Support
Yes
Yes
Human Advisors
Yes
No
Robo Advisor 
No
Assets Under Management
$4 Billion
$102 Billion
Penny Stocks 
Yes
Tax Loss Harvesting
No
No
Goal Tracker
Yes
No
Automatic Deposits
No
Yes
Broker Assisted Trades 
Not available
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
Yes
iPhone App
No
Yes (4.2 stars, 4.3M ratings)
Android App
No
Yes (4.1 stars, 483k ratings)
Banking Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App 
Yes
Desktop App 
None
Two-Factor Authentication Device approvals, Authenticator app, SMS
Forex Trading 
No
Futures Trading 
No
Bond Trading 
No
CFD Trading 
No
Currency Trading 
No
Customer Service Live Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
Locations 
No
Online Community 
No
Seminars 
Yes
Trading Platform 
Web Trading, Mobile Apps
Virtual Trading 
No
Single Stock Diversification
No
 
Fractional Shares
No
Yes
Taxable Accounts
No
Yes
401k Plans
Yes
No
IRA AccountsYes - from Fidelity and Vanguard
Yes
Roth IRA AccountsYes - from Fidelity and Vanguard
Yes
SEP IRA AccountsYes - from Fidelity and Vanguard
No
Trust Accounts
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 BlooomRobinhood
Annual FeeStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Manage retirement accounts
  • No account minimum
  • Flat yearly fee
Cons:
  • No taxable accounts
  • Limited IRA accounts
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Bottom LineUnique 401k auto-advisor service for a low yearly fee... 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.

Blooom: Pricing information from published website as of 10/28/2020

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

Robinhood

1% Bonus to Transfer to Robinhood with No Cap

Expires 6/28/2024

Earn a 1% bonus with no cap when you transfer your brokerage account to Robinhood, now through June 28, 2024. Terms apply.

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.

Which is Better: Blooom or Robinhood?

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


Articles on Blooom

Blooom Review

Blooom is an affordable robo-advisor for your 401k. But is it safe and legit? Read this in-depth review for the pros and cons.

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 Public vs Webull

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

Fidelity vs Webull

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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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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