Robinhood vs Betterment
Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Betterment? 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 $6/month.
While Betterment offers automatic investing starting at an annual fee of 0.25% of your account balance. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.
Compare Robinhood with Betterment, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Robinhood | Betterment | |
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Get a Free Stock (worth between $2.50 and $200) - | Get up to 1 Year Managed Free - | |
Benefits and Features | ||
Stock Trading | ||
Annual Fee | All trades are commission-free. No platform fees. | 0.25% for accounts under $100,000; 0.40% for accounts $100,000+ |
Minimum Deposit | ||
Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ![]() | |
Assets Under Management | ||
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Customer Service | ||
Good For | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees | |
Mobile App | ||
Desktop App | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Stock Trading | ![]() ![]() ![]() ![]() ![]() | |
Options Trading | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | |
Annual Fee | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Human Advisors | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Free way to trade stocks with limited bells and whistles... | Great robo-advisor for beginners with low fees, good tools, and tax strategies... |
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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. Betterment: Pricing information from published website as of 04/04/2018 |
Which is Better: Robinhood or Betterment?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Ally Invest.
Articles on Robinhood
Robinhood
Articles on Betterment
Betterment Reviews
Betterment Returns
Betterment Fees
Is Betterment Safe
Betterment Roth IRA
Betterment vs Wealthfront
Which Do You Think is Best?
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