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Goldco vs Robinhood

Goldco is a very reputable Gold IRA account, but preferred custodian's fees may be higher than competitors. How does it compare to Robinhood? Read our comparison chart below.

Goldco is one of the most popular gold IRA companies. It stands out for its large selection of gold and silver coins, highest price buyback guarantee, and thousands of 5-star reviews. The minimum investment is $25,000.

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

 GoldcoRobinhood
 Visit SiteVisit Site
 

Goldco

Robinhood

SPECIAL OFFER
Free Gold IRA Kit - Learn More

Read Goldco 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 Fee
Varies depending on custodian
None
Cryptocurrency Trading 
$0
Minimum Deposit
$25,000
$0
Mutual Fund Trading 
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
Gold IRA
Check
 
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades 
Not available
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform 
Yes
Setup Fee
$50
 
iPhone App 
Yes (4.2 stars, 4.3M ratings)
Android App 
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
Silver IRA
Check
 
Wire Transfer Fee
$30
No
Platinum IRA
Check
 
Palladium IRA
Check
 
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

 GoldcoRobinhood
Minimum DepositStarStarStarHalf StarEmpty StarStarStarStarStarStar
FeesStarStarStarEmpty StarEmpty Star
Gold IRAStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStarStarStarStarStarEmpty Star
SafetyStarStarStarStarStar
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Highest buyback price guarantee
  • Free silver promotion
  • A+ BBB rating
Cons:
  • $25,000 min
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Bottom LineVery reputable Gold IRA account, but preferred custodian's fees may be higher than competitors... 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.

Goldco: The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.

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

Goldco

Free Gold IRA Kit

  • Up to $10,000 in free silver for eligible customers
  • Highest buyback price, guaranteed
  • Endorsed by Sean Hannity and Chuck Norris
Goldco

Get Up to $10,000 in Free Silver

Open a qualifying gold IRA and get up to $10,000 in free silver

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: Goldco or Robinhood?

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

In short: Goldco's customer service is outstanding. Robinhood's minimum deposit is impressive.


Articles on Goldco

Goldco

Is Goldco the best precious metals company? Find out the truth about the fees, common complaints, and minimum investment requirement in this review.

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.

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