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 | |
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Get a Free Stock (worth between $5 and $200) - | 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 | Available 24/7 (requires sign in) | |
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Cryptocurrencies Supported | AAVE, AVAX, BTC, BCH, LINK, COMP, DOGE, ETH, ETC, LTC, SHIB, XLM, XTZ, UNI, USDC | Aave, Basic Attention Token, Cosmos, Bitcoin, Bitcoin Cash, Chainlink, Dogecoin, EOS, Ethereum, Icon, Litecoin, Maker, Monero, Neo, Polkadot, Stellar, Tezos, Uniswap, Yearn.Finance, ZCash |
Penny Stocks | ||
Fiat Currencies Supported | ||
Digital Wallet | ||
Tax Loss Harvesting | ||
Transaction Fee | Digital assets: $0.99 to 1% per trade Securities: $0.005 per share ($1 minimum) Metals: $40 per request | |
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Good For | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
Setup Fee | $0 for Cold Storage; $625 for Hold Your Own Keys trust setup | |
iPhone App | ||
Android App | ||
Banking | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank | |
Mobile App | ||
Desktop App | ||
Wire Transfer Fee | $0 incoming / $45 outgoing domestic; $85 outgoing international | |
Cold Storage | ||
Two-Factor Authentication | Device approvals, Authenticator app, SMS | |
Withdrawal Limit | None. 10% penalty under 59 1/2 years old | |
Forex Trading | ||
Futures Trading | ||
Bond Trading | ||
CFD Trading | ||
Currency Trading | ||
Customer Service | Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com | |
Locations | ||
Online Community | ||
Seminars | ||
Trading Platform | ||
Virtual Trading | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Minimum Deposit | ||
Mobile App | ||
Commissions and Fees | ||
Customer Service | ||
Ease of Use | ||
Research | ||
Cryptocurrency Trading | ||
Safety | ||
Pros & Cons | Pros:
| Pros:
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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... |
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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. |
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.
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 Goldco.
In short: Robinhood's commissions and fees is impressive.