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Robinhood vs Choice IRA

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

 Robinhood
 Visit SiteLearn More
 

Robinhood

Choice IRA

OFFER
Get a Free Stock (worth between $2.50 and $225) - Learn More

Read Robinhood Review

SPECIAL OFFER
Pay Less Tax on Bitcoin - Learn More

Read Choice IRA Review

 

Benefits and Features

Stock Trading
$0
 
Options Trading
$0
 
Annual Fee
None
 
Cryptocurrency Trading
Check
 
Minimum Deposit
$0
$0
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, SHIBAave, Basic Attention Token, Cardano, Cosmos, Bitcoin, Bitcoin Cash, Chainlink, Dash, Dogecoin, EOS, Ethereum, Icon, Litecoin, Maker, Monero, Neo, Polkadot, Solana, Stellar, Tezos, Uniswap, Yearn.Finance, ZCash
Fiat Currencies Supported
USD
USD
Digital Wallet
No
Yes
Tax Loss Harvesting
No
 
Transaction Fee
No
Digital assets: 1%
Securities: $0.005 per share ($1 min)
Metals: $30 per request
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 for No Annual Fee Account and Cold Storage; $500 for Hold Your Own Keys trust setup
iPhone App
Yes (4.2 stars, 4m ratings)
 
Android App
Yes (3.8 stars, 453k ratings)
 
BankingRobinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards. 
Mobile App
Yes
 
Wire Transfer Fee
No
$0 incoming / $35 outgoing domestic; $75 outgoing international
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
No
 
Roth IRA Accounts
No
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
Cryptocurrency TradingStarStarStarStarEmpty Star
SafetyStarStarStarStarEmpty Star
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • No minimums
  • $0 monthly fee option
  • A range of assets
Cons:
  • Limited research tools
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewLow-cost platform to invest in stocks, crypto, and metals all in one IRA... Read full review
 Visit SiteLearn More

Pay Less Tax on Bitcoin

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.

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.

Which is Better: Robinhood or Choice IRA?

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.

In short: Robinhood's commissions and fees is impressive.


Articles on Robinhood

Robinhood

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.

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?

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?

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Articles on Choice IRA

Choice IRA Review

Choice IRA offers an all-in-one IRA for investors who want a lot of diversity in their retirement portfolio. But is it the right IRA for you?

Which Do You Think is Best?





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