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Robinhood vs E*TRADE

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to E*TRADE? 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 E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

Compare Robinhood with E*TRADE, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Robinhood
 Visit SiteLearn More
 

Robinhood

E*TRADE

OFFER
Get a Free Stock (worth between $2.50 and $200) - Learn More

Read Robinhood Review

SPECIAL OFFER
Learn more about E*TRADE - Learn More

Read E*TRADE Review

 

Benefits and Features

Stock Trading
$0
$0 per trade
Options Trading
$0
$0 per trade + $0.65 per contract
$0 per trade + $0.50 per contract if you make 30+ trades a quarter
Annual FeeAll trades are commission-free. No platform fees. 
Minimum Deposit
$0
$500 for brokerage accounts
No account minimum for retirement accounts
Mutual Fund Trading
No
$0 for no-load, no-transaction-fee funds
$19.99 for transaction-fee funds
Commission Free ETFsAll U.S. listed ETFs
250+
Phone Support
No
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Penny Stocks 
Check
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
$25 + Regular Commission
Customer Service 
800-387-2331
Good For
Beginners; Active traders
 
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone App
Yes (4 stars, 3.2m ratings)
 
Android App
Yes (1.4 stars, 360k ratings)
 
BankingNo service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction feesChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Mobile App
Yes
Check
Desktop App E*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Two-Factor Authentication
Yes
 
Futures Trading $1.50 per contract, per side + fees (excluding bitcoin futures)
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 TradingStarStarStarStarStarStarStarStarStarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Commissions and FeesStarStarStarStarStarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
BankingStarStarStarEmpty StarEmpty Star
Online CommunityStarStarStarStarEmpty Star
Trading PlatformStarStarStarStarStar
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewOnline broker with one of the best user interfaces... Read full review
 Visit SiteLearn More

Learn more about E*TRADE

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.

E*TRADE: Pricing information from published website as of 12/05//2020.

Which is Better: Robinhood or E*TRADE?

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 stock trading and commissions and fees are impressive. E*TRADE's mobile app and research are notable. In particular, the mobile app is outstanding.


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.

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 E*TRADE

ETrade Review for Beginners

E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares.

Which Do You Think is Best?





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