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.
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 |  | |
Robinhood | Choice IRA | |
|---|---|---|
Get a Free Stock (worth between $2.50 and $225) - | Pay Less Tax on Bitcoin - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Annual Fee | ||
| Cryptocurrency Trading |  | |
| Minimum Deposit | ||
| Mutual Fund Trading | ||
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | ||
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | ||
| Cryptocurrencies Supported | ETC, ETH, BSV, BCH, BTC, DOGE, LTC, COMP, MATIC, SOL, SHIB | Aave, 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 | ||
| Digital Wallet | ||
| Tax Loss Harvesting | ||
| Transaction Fee | Digital assets: 1% Securities: $0.005 per share ($1 min) Metals: $30 per request | |
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| Setup Fee | $0 for No Annual Fee Account and Cold Storage; $500 for Hold Your Own Keys trust setup | |
| iPhone App | ||
| Android App | ||
| Banking | Robinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards. | |
| Mobile App | ||
| Wire Transfer Fee | $0 incoming / $35 outgoing domestic; $75 outgoing international | |
| Cold Storage | ||
| Two-Factor Authentication | ||
| Withdrawal Limit | None. 10% penalty under 59 1/2 years old | |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Virtual Trading | ||
| 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 |  | |
| Minimum Deposit | | |
| Customer Service | | |
| Mobile App | | |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Cryptocurrency Trading | | |
| Safety | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Free way to trade stocks with limited bells and whistles... | Low-cost platform to invest in stocks, crypto, and metals all in one IRA... |
| | |
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. | ||
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.
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