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Empower vs Robinhood

Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to Robinhood? Read our comparison chart below.

Empower offers free advanced financial tools and paid wealth management services.

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

 EmpowerRobinhood
 Visit SiteVisit Site
 

Empower

Robinhood

SPECIAL OFFER
Free Money Management Tools - Learn More

Read Empower Review

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 Fee0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million
None
Cryptocurrency Trading 
$0
Minimum Deposit
$100,000
$0
Mutual Fund Trading 
No
Commission Free ETFs All U.S. listed ETFs
Phone Support
Yes
650-761-7789 (available 24/7)
Live Chat Support
No
Available 24/7 (requires sign in)
Email Support
Yes
Yes
Human Advisors
Yes
No
Robo Advisor
Check
No
Assets Under Management
$1.2 trillion
$102 Billion
Penny Stocks 
Yes
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 (4.2 stars, 4.3M ratings)
Android App
Yes
Yes (4.1 stars, 483k ratings)
Banking Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App
Yes
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
Investment Tracking
Check
 
Single Stock Diversification
Yes
 
Fractional Shares
No
Yes
Taxable Accounts
Yes
Yes
401k Plans
Yes
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
No
Trust Accounts
Yes
No
529 Plans
Yes
No
 

CreditDonkey® Reviews

 EmpowerRobinhood
Human AdvisorsStarStarStarStarStar
Robo AdvisorStarStarStarEmpty StarEmpty Star
PriceStarStarStarStarStar
Goal TrackerStarStarStarStarStar
BudgetingStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarStarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
Investment TrackingStarStarStarStarStar
Retirement PlanningStarStarStarStarStar
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
Cons:
  • $100,000 min for advisory service
  • Higher fees than competitors
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Bottom LineFree advanced tools plus hybrid advisory service for people with over $100k in investments... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
 Visit SiteVisit Site

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

Empower: Pricing information from published website as of 04/30/2020

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

Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.

Empower

Empower Personal Cash

  • 4.70% APY
  • $0 monthly fee
  • Withdraw up to $100k per day
Funds placed in the Empower Personal Cash Program are FDIC insured by program banks up to an aggregate of $5,000,000. (up to $10 million for joint accounts)
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: Empower or Robinhood?

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

In short: Empower's customer service is excellent.


Articles on Empower

Empower Reviews

Empower offers wealth management services and free financial tools. But is it legit? Find out if this robo advisory service is right for you.

Is Empower Safe

Empower offers free budgeting tools. But is it safe to link all your financial accounts? Learn just how secure Empower is.

Empower vs Quicken

Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.

Empower vs Mint

Empower and Mint are popular money management apps. Read this review to find out how they compare and which one is better for you.

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?

Webull vs Robinhood

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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