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Vanguard vs Robinhood

Vanguard is a good choice for ETF and mutual fund investors interested in Vanguard-sponsored investments. How does it compare to Robinhood? Read our comparison chart below.

Vanguard offers $0 commission on stock and ETF online trades, $0 commission on Vanguard mutual funds, and no minimum deposit.

While 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.

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

 Robinhood
 Learn MoreVisit Site
 

Vanguard

Robinhood

Norton Internet Security 60-day free subscription - Learn More

Read Vanguard Review

OFFER
Get a Free Stock (worth between $5 and $200) - Learn More

Read Robinhood Review

 

Benefits and Features

Stock Trading
$0
$0
Options Trading$0 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds
$0
Annual Fee 
None
Cryptocurrency Trading 
$0
Minimum Deposit
$0
$0
Mutual Fund Trading
$0 for Vanguard mutual funds
No
Commission Free ETFsAround 1,800 ETFs from about 100 other companiesAll U.S. listed ETFs
Phone Support 
650-761-7789 (available 24/7)
Live Chat Support Available 24/7 (requires sign in)
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$102 Billion
Penny Stocks 
Yes
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades
$25.00
Not available
Good For 
Beginners; Active traders
Inactivity Fee
$0
$0
Maintenance Fee$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
$0
Online Platform 
Yes
iPhone App 
Yes (4.2 stars, 4.3M ratings)
Android App 
Yes (4.1 stars, 483k ratings)
Banking
No
Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App
Yes
Yes
Desktop App
Yes
None
Two-Factor Authentication Device approvals, Authenticator app, SMS
Forex Trading
Yes
No
Futures Trading
No
No
Bond Trading 
No
CFD Trading 
No
Currency Trading 
No
Customer Service
Monday-Friday 8am -10pm ET
Live Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
Locations
No
No
Online Community
No
No
Seminars
Yes
Yes
Trading Platform 
Web Trading, Mobile Apps
Virtual Trading
No
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarStar
Mobile AppStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStarStarStarStarStarStar
ResearchStarStarStarHalf StarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • 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
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Bottom LineGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Vanguard: Pricing information from published websites as of 10/17/2023.

Robinhood: Pricing information from published websites as of 04/18/2020.

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: Vanguard or Robinhood?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Vanguard or Goldco.

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


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.

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

Looking for apps like Robinhood but with a twist? Find the best alternatives with superior features. Do better in online trading with these apps.

Webull vs Fidelity

Robinhood, Webull, Fidelity - three big investing platforms, but which is best for you? Find out in this detailed comparison guide.

Robinhood IRA Review

Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.

Is Robinhood Safe

Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.

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?

Which Do You Think is Best?





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