Robinhood vs Empower
Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Empower? 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 Empower offers free advanced financial tools and paid wealth management services.
Compare Robinhood with Empower, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Robinhood | Empower | |
|---|---|---|
Get a Free Stock (worth between $5 and $200) - | Free Money Management Tools - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Annual Fee | 0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million | |
| 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 | ||
| Penny Stocks | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank | |
| Mobile App | ||
| Desktop App | ||
| Two-Factor Authentication | Device approvals, Authenticator app, SMS | |
| 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 | ||
| Investment Tracking | | |
| Single Stock Diversification | ||
| 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 | | |
| Human Advisors | | |
| Robo Advisor | | |
| Price | | |
| Goal Tracker | | |
| Budgeting | | |
| Investment Tracking | | |
| Retirement Planning | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Free way to trade stocks with limited bells and whistles... | Free advanced tools plus hybrid advisory service for people with over $100k in investments... |
| Visit Site | Visit 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. Empower: Pricing information from published website as of 04/30/2020 Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC. | ||
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.
Empower Personal Cash
- 4.70% APY
- $0 monthly fee
- Withdraw up to $100k per day
Which is Better: Robinhood or Empower?
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: Empower's customer service is excellent.
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
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Robinhood vs Public vs Webull
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How Does Robinhood Make Money
Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.
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 Empower
Empower Reviews
Empower offers wealth management services and free financial tools. But is it legit? Find out if this robo advisory service is right for you.
Is Empower Safe
Empower offers free budgeting tools. But is it safe to link all your financial accounts? Learn just how secure Empower is.
Empower vs Quicken
Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.
Empower vs Mint
Empower and Mint are popular money management apps. Read this review to find out how they compare and which one is better for you.
Which Do You Think is Best?
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