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.

	Fidelity	Robinhood

	Learn More	Visit Site
	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

Savings
Fees
Mobile App
Customer Service
Stock Trading
Options Trading
Minimum Deposit
Commissions and Fees
Ease of Use
Research
Pros & Cons	Pros: $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 Line	Cash management account with a decent APY... Read full review	Free way to trade stocks with limited bells and whistles... Read full review
	Learn More	Visit Site
	Fidelity Bloom - $100 Bonus Deposit $50 and Earn $100 Fidelity Youth Account - $50 Bonus	Get a Free Stock (worth between $5 and $200) Buy and Sell Cryptocurrency Commission-Free Trades
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 11/22/2023. Robinhood: Pricing information from published websites as of 04/18/2020.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

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.

Get Deal

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

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.

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