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Fidelity vs Robinhood

Fidelity is a cash management account with a decent APY. How does it compare to Robinhood? Read our comparison chart below.

Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

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

 Robinhood
 Learn MoreVisit Site
 

Fidelity

Robinhood

SPECIAL OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read Fidelity Review

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

Read Robinhood Review

 

Benefits and Features

Stock Trading
$0
$0
Options Trading
$0.65 per contract
$0
Annual Fee
None
None
Cryptocurrency Trading
$0
$0
Minimum Deposit 
$0
Mutual Fund Trading
Yes
No
Commission Free ETFs All U.S. listed ETFs
Phone Support 
650-761-7789 (available 24/7)
Live Chat Support Available 24/7 (requires sign in)
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$102 Billion
Penny Stocks 
Yes
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades 
Not available
Good For 
Beginners; Active traders
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform 
Yes
iPhone App 
Yes (4.2 stars, 4.3M ratings)
Android App 
Yes (4.1 stars, 483k ratings)
Banking
No
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
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 Robinhood
SavingsStarStarStarEmpty StarEmpty Star
FeesStarStarStarStarStar
Mobile AppStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • $0 monthly service fee
  • No minimum balance
  • Free debit card
Cons:
  • Relatively low APY
  • Few physical branches
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Bottom LineCash management account with a decent APY... 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.

Fidelity: Pricing information from published website as of 05/02/2024.

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

Robinhood

1% Bonus to Transfer to Robinhood with No Cap

Expires in 7 days

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: Fidelity or Robinhood?

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


Articles on Fidelity

Fidelity High Yield Savings Review

Fidelity boasts an all-around account with no fees and a decent APY. But there's even more to discover. Keep reading.

Fidelity Investment Brokerage Review

Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.

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
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