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Robinhood vs Alto

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Alto? Read our comparison chart below.

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.

While Alto is an IRA custodian that lets you invest in a variety of unique alternative assets, such as crypto, real estate, land, venture capital, and more. Alto CryptoIRA offers over 200+ coins and has no account fees.

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

 RobinhoodAlto
 Visit SiteVisit Site
 

Robinhood

Alto

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

Read Robinhood Review

SPECIAL OFFER
Alto CryptoIRA® - Learn More

Read Alto Review

 

Benefits and Features

Stock Trading
$0
 
Options Trading
$0
 
Annual Fee
None
 
Cryptocurrency Trading
Check
 
Minimum Deposit
$0
$10
Mutual Fund Trading
No
 
Commission Free ETFsAll U.S. listed ETFs 
Phone Support
24/7
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under Management
$80 Billion
 
Cryptocurrencies SupportedETC, ETH, BSV, BCH, BTC, DOGE, LTC, COMP, MATIC, SOL, SHIB, AVAX, ADA, LINK, XLM, UNI, USDC
200+
Fiat Currencies Supported
USD
USD
Digital Wallet
No
Yes
Tax Loss Harvesting
No
 
Transaction Fee
No
1%
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 
$0
iPhone App
Yes (4.2 stars, 4m ratings)
 
Android App
Yes (3.8 stars, 453k ratings)
 
Mobile App
Yes
 
Wire Transfer Fee
No
$25 outgoing
Cold Storage
Yes
Yes
Two-Factor Authentication
Yes
Yes
Withdrawal Limit
$50,000 per business day
None. 10% penalty under 59 1/2 years old
Locations
No
 
Online Community
No
 
Seminars
No
 
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

 RobinhoodAlto
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarHalf Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
Cryptocurrency TradingStarStarStarStarStar
SafetyStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Pros:
  • 75+ partners for alternative assets
  • Transparent low pricing
  • 200+ cryptos
  • $10 minimum
Cons:
  • Partners are not vetted
  • No solo 401k
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewLow cost IRA provider for investing in alternative assets and cryptos... 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.

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

Alto: Pricing information from published website as of 02/08/2022.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

Commission-Free Options Investing

Robinhood offers commission-free and no monthly fee options trading.

Alto

Alto CryptoIRA®

  • Easy access to more than 175 cryptocurrencies, like Bitcoin, Ethereum, and Solana
  • Tax advantages of an IRA
  • No setup or monthly account fees
  • No account minimums
  • $10 minimum investment
Alto

Alto IRA

  • Invest retirement funds in alternative assets such as fine art, venture capital, startups, real estate, land, and more
  • Get access to network of 75+ partners
  • No hidden fees

Which is Better: Robinhood or Alto?

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


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

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?

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?

Articles on Alto

Alto IRA Review

Alto IRA is a self-directed retirement account that allows users to invest in a range of unique assets. But is it legit? Keep reading to find out.

Is Alto IRA Safe

Alto IRA lets you put alternative assets like real estate, venture capital, and crypto into your retirement account. But is it safe and legit?

Which Do You Think is Best?





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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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