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Robinhood vs Vanguard

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Vanguard? 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 Vanguard offers $0 commission on stock and ETF online trades, $0 commission on Vanguard mutual funds, and no minimum deposit.

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

 Robinhood
 Visit SiteLearn More
 

Robinhood

Vanguard

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

Read Robinhood Review

Norton Internet Security 60-day free subscription - Learn More

Read Vanguard Review

 

Benefits and Features

Stock Trading
$0
$0
Options Trading
$0
$0 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds
Annual FeeAll trades are commission-free. No platform fees. 
Cryptocurrency Trading
Check
 
Minimum Deposit
$0
$0
Mutual Fund Trading
No
$0 for Vanguard mutual funds
Commission Free ETFsAll U.S. listed ETFsAround 1,800 ETFs from about 100 other companies
Phone Support
No
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under Management
$80 Billion
 
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
Yes
 
Broker Assisted Trades
Not available
$25.00
Customer Service 
Monday-Friday 8am -10pm ET
Good For
Beginners; Active traders
 
Inactivity Fee
$0
$0
Maintenance Fee
$0
$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
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 fees
No
Mobile App
Yes
Yes
Desktop App 
Yes
Two-Factor Authentication
Yes
 
Forex Trading 
Yes
Futures Trading 
No
Locations
No
No
Online Community
No
No
Seminars
No
Yes
Virtual Trading
No
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 TradingStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarEmpty StarEmpty StarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
Mutual Fund TradingStarStarStarStarStar
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full review
 Visit SiteLearn More

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.

Vanguard: Pricing information from published websites as of 09/15/2019.

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 Vanguard?

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, mobile app, and commissions and fees are noteworthy. In particular, the stock trading and commissions and fees are impressive. Vanguard's research is worth mentioning.


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.

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? Review these popular Robinhood alternatives.

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 Vanguard

Vanguard Reviews

Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them.

Which Do You Think is Best?





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